CBP Trade Processing, Duty Collection Up from 2013

CBP processed $2.4 trillion in trade, up 4 percent from 2013, during 2014, said the Department of Homeland Security in a release of agency statistics (here). CBP also collected $34 billion in duties during 2014, up 2 percent from the previous year. CBP said it conducted more than 23,000 seizures of goods, with a total retail value of $1.2 billion, for intellectual property right violations. The agency also processed 25.7 million cargo containers, 4.5 percent more than in 2013, said CBP. DHS also notes that new capabilities within the Automated Commercial Environment has led to better accuracy of trade-submitted data and an increase in the number of entry summaries filed in ACE, rather than the legacy system, to over 40 percent. South Texas ports of entry also saw an increase in trade processing, said CBP in a separate release (here). CBP's Laredo Field Office processed a total of $162 billion in imports in fiscal year 2014, a 14 percent increase over the nearly $142 billion imports processed in FY 2013, the agency said.