Who Tops This Year’s JOC Top 100 Importers & Exporters Lists?

2011 was extraordinary in terms of natural catastrophes and disasters – all of which cause a bit of global turbulence in the trade industry. The economic burden doesn’t only affect  where the disaster occurred but also ripples through the world economy by affecting global trade volume. A single natural disaster can cause a domino effect that can cripple supply chains as was evident in the auto parts industry after the Japan earthquake last March. These crises “coupled with a soft post-recession consumer market and mixed macroeconomic environment, growth undoubtedly was restrained,” stated the Journal of Commerce in the “Coming Full Cycle”.

Top 5 U.S. Importers 2011 

Top 5 U.S. Exporters 2011 

Retail sales are the main driver of containerized imports, which JOC/PIERS Economist Mario O. Moreno expects to rise at a slower pace than previously forecasted.  His revised forecast which was published earlier this week calls for 4.1% growth on U.S. imports, down from 4.5% previously and 2.3% growth for exports which was reduced from 3.5%.  For 2011, U.S. imports increased 3% in 2011 over 2010 while U.S. exports increased 6% year-over-year. 

Want to monitor the top importers and exporters in your industry? PIERS data can help. To learn more visit PIERS or call 973-766-8660. 

*The JOC’s Annual Top 100 Importers and Exporters ranking is based on data from PIERS, a JOC sister company, and other industry sources.

 

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One Response to “Who Tops This Year’s JOC Top 100 Importers & Exporters Lists?”

  1. Data-In-Motion: 2012 Year in Blogging « PIERS Says:

    [...] Who Tops This Year’s JOC Top 100 Importer & Exporters (June 22, 2012) [...]

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