U.S. Customs and Border Protection (CBP) processed more than 2.9 million entry summaries in July, valued at more than $297.3 billion, identifying estimated duties of nearly $7.8 billion to be collected by the U.S. government.

In July, trade via the ocean environment accounted for 42.57% of the total import value, followed by air, truck, and rail.

CBP completed 34 audits in July that identified $355.6 million in duties and fees owed to the U.S. government, stemming from goods that had been improperly declared in accordance with U.S. trade laws and customs regulations. CBP collected over $2 million of this identified revenue and from previous fiscal years' assignments.

Also in July, CBP seized 2,230 shipments that contained counterfeit goods valued at more than $1.2 billion.

 

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