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Import Value
$3.1B
Export Value
--
Products
1
Code 7070 is an additional low-value shipment classification used in US trade statistics, similar in purpose to code 7000, capturing aggregate data for shipments that do not require formal customs entry due to their low declared value. This code may be applied to specific subsets or modes of low-value trade, and its data is compiled in summary form rather than as individual transaction records. Trade professionals referencing this code should consult Census Bureau methodology notes for the precise scope and distinctions from related low-value codes.
AI-written summary of the official U.S. Census Bureau trade figures on this page — verify before relying on it.
Both codes aggregate low-value shipment data, but code 7070 may apply to a distinct subset of low-value trade—such as a specific transportation mode or origin category. Census Bureau methodology documentation should be consulted for the precise distinction.
Shipments captured under low-value codes like 7070 generally fall below the de minimis threshold and are not subject to formal duty assessment, though certain product categories and country-of-origin restrictions may still apply.
| Rank | Product | Import value |
|---|---|---|
| 1 | ESTIMATED IMPORTS OF LOW VALUED TRANSACTIONS | $3.1B |
Imports