U.S. containerized exports slipped 0.8% in March 2013 year-over-year, totaling 1,072,190 20-foot-equivalent units, according to PIERS data. However, this is the highest monthly volume since March 2012 when exports totaled 1,080,341 TEUs. March containerized exports were up 6% from February through March exports edged up 1.2% from the year-earlier period.
U.S. containerized exports to Asia in March fell 2.3% year-over-year, however year-to-date through March, the trade to Asia was up 0.7%. The trade is forecast to grow 3.9% in 2013 and 3.8% in 2014.
Of March’s top 25 containerized export commodities, the highest year-over-year declines were in scrap metals, down 22%; plastic products, down 14%; unclassifiable chemicals, down 12%; and vinyl alcohol resins, down 11%. The largest export increases were in edible nuts, which increased 39%; soybeans, up 28%; and motor vehicles, up 16%.
Among March’s top 25 destination countries, shipments to Germany fell the most, down 12% year-over-year to 23,616 TEUs. Volume to Italy declined 11% to 10,879 TEUs, while the Philippines followed with a loss of 9% to 10,702 TEUs. The country with the steepest increase in exports from the U.S. in March was Vietnam — shipments rose 30% to 19,485 TEUs. Shipments to Indonesia totaled 21,873 TEUs in the month, up 24% year-over-year. Exports to the United Arab Emirates climbed 21% to 22,420 TEUs.
Thanks to our unique data operations infrastructure, which includes onsite port staff who have the ability to manually scan every export Bill of Lading (including those not filed electronically), PIERS can proudly say we are the only source for complete U.S. export transactions. To learn more about how you can benefit from PIERS export data register to receive a free demo.