I thought that you might find US Customs and Border Protection’s recently-released annual Import Trade Trends Report for FY2012 to be of interest. The report (which can be found here) contains a number of interesting statistics about CBP’s FY2012 operations. For example, CBP:
• processed $2.38 trillion worth of imports (a 5% increase over FY2011);
• collected $39.4 billion in duties and fees (a 6% increase);
• collected approximately $400 million in antidumping and countervailing duties ($329 million in ADD, a 13% increase; $69 million in CVD a 160% increase).
The report also contains interesting information on the relatively new CBP Centers of Excellence and Expertise, which are processing an increasing percentage of entries in covered industries. Given that 4 additional CEE’s are scheduled to come on line in FY2013 (in addition to the 4 that are already up and running – Pharmaceuticals, Healthcare & Chemicals; Electronics; Automotive & Aerospace; Petroleum, Natural Gas & Minerals), this trend is likely to continue to grow.
In terms of voluntary programs, such as the Customs-Trade Partnership Against Terrorism (C-TPAT) and the Importer Self-Assessment (ISA) programs, the report indicates that participation is relatively flat. The number and percentage of entry summaries filed by C-TPAT members was unchanged (with the value increasing by approx. 2%), as was the percentage of total entries accounted for by C-TPAT members (24% of all entries were filed by C-TPAT members). The numbers for ISA grew a bit more between FY2011 and FY2012, both in terms of the absolute and relative numbers.
One of the more interesting statistics included in the report relates to “net estimated undercollections”. While the report contains very little explanation, it states that CBP estimates that it failed to collect $484 million in required duties and fees in FY2012. This represents a more than 40% increase over the amount uncollected in FY2011. Given how large this amount is (again, both in absolute and relative terms), it is likely that revenue collection/enforcement will be a heightened priority for CBP.
The report contains a number of other interesting statistics and is certainly worth a quick read by anyone who is interested in understanding where CBP will be focusing its increasingly limited resources in FY2013 and beyond.
We hope you find this helpful. If you have any questions, please let me know.