Background

U.S. Customs and Border Protection appears to have ceased publishing annual compilations of trade-related statistics and is instead issuing monthly updates of what seems to be a smaller subset of those figures. Highlights for December 2024 (compared to the previous month) include the following.

- processed more than 2.8 million entry summaries (unchanged) valued at more than $290 billion (up 2.5 percent)

- identified estimated duties of nearly $7.4 billion (up 10.5 percent) to be collected by the U.S. government

- stopped 1,404 shipments (up 109.9 percent) valued at more than $18.7 million (up 20.6 percent) for further examination based on the suspected use of forced labor

- seized 1,687 shipments (up 10.1 percent) that contained counterfeit goods valued at more than $110 million (down 32.9 percent)

- completed 48 audits that identified $8 million (down 23.8 percent) in duties and fees owed to the U.S. government

- collected over $519 million (up from $1.2 million) of this identified revenue and from previous fiscal years’ assignments

- issued 6,580 emergency action notifications (down 1.2 percent) for restricted and prohibited plant and animal products entering the U.S.

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