U.S. containerized exports rose 1.5% year-over-year in May, totaling 1,044,837 TEUs, according to PIERS data. The increase followed a similar, albeit smaller, year-over-year rise of 0.8% in April’s volume. May containerized exports were also up 3.2% month-to-month.
“From April to May, exports were up by 1.1% over the same period in 2012, in line with the forecast of 1% growth for second quarter as reported in the June report of Container Shipping Outlook,” said PIERS/Journal of Commerce economist Mario Moreno in the July report of JOC Insights. “The global economy continues to face significant risks, which recently led the IMF to downgrade its 2013 forecast for global GDP from 3.3% to 3.1%.”
U.S. containerized exports to Asia in May increased 2% year-over-year, however, year-to-date through May, the trade to Asia was up just 0.4%. January through May exports to all regions increased 1.2% from the year-earlier period.
Of May’s top 25 containerized export commodities, the highest year-over-year increases were in logs and lumber, which increased 18%; fabrics, up 13%; and pet and animal feeds, up 12%. The largest export declines were in scrap metals, down 15%; plastic products, down 14%; and foam waste, down 12%.
Among May’s top 25 destination countries, Turkey had the steepest increase in exports from the U.S. in May — shipments rose 23% to 15,573 TEUs. Shipments to Brazil totaled 28,423 TEUs in the month, up 22% year-over-year. Exports to Colombia also climbed 22% to 13,269 TEUs. On the declining end, shipments to Germany fell the most, down 13% year-over-year to 21,408 TEUs. Volume to Hong Kong also declined 13% to 29,487 TEUs, while Taiwan followed with a loss of 10% to 44,964 TEUs.
Thanks to our unique data operations infrastructure, which includes onsite port staff who are able 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.