CHICAGO—Continuing the reshoring trend of the past few years, U.S. companies are increasingly importing goods made closer to home and relying less on goods from low-cost countries in Asia.

That is the conclusion of the 11th annual Reshoring Index report, a barometer tracking the extent to which America is reshoring manufacturing. Compiled by consulting firm Kearney, the index focuses primarily on import and export flows between the U.S. and 14 low-cost Asian countries, as well as import trends with Canada and Mexico.