Archive for October, 2013

PIERS has Been Chosen by AmSpec to Deliver a Customized Business Intelligence Solution for Bulk Chemical and Petroleum Shipments

October 31, 2013

PIERS has been selected by AmSpec, to deliver a customized business intelligence solution that will provide immediate and actionable insight into bulk shipments of petroleum products around the world.

US Bulk Export Shipments

Recent investments made to the technology PIERS uses to process over 17,000,000 waterborne import and export bills of lading each year, has resulted in new, enhanced data visualization and drill down capabilities that allow PIERS to deliver business intelligence solutions that isolate commodities based on brand names and grades specific to each individual customers’ requirements.

“Over the past couple of years PIERS has undergone a transformation away from being simply a data provider, towards delivering customer-specific solutions that provide immediate, decision-ready intelligence,” said Wael Jarous, Senior Vice President at PIERS. “We fully understand the importance of providing valuable and reliable intelligence to the energy sector and we are pleased to be the single source that can deliver the complete picture. Only with a comprehensive assessment of the U.S. energy market, can calculated risks be taken and strategic decisions executed.”

“As we continue to grow our business by offering our industry-leading services in new markets, it’s important that our strategic planning is based on smart, data-driven decisions,” said Simon Wright, Vice President, International Development, AmSpec. “The business intelligence tools created by PIERS allows us to identify trends in the petroleum industry based on the companies and specific commodities being shipped around the world and apply that knowledge to our decision making.”

PIERS collects over 17,000,000 waterborne import and export bills of lading filed with U.S. Customs (including 4,000,000 export bills of lading) and processes them through their proprietary Six-Step Process. While other data providers have begun publishing a subset of only containerized U.S. exports, PIERS remains the only provider with complete export transactions for all waterborne shipments (including bulk shipments) going back to 1977. Their unique infrastructure, which includes onsite security cleared staff at major U.S. ports allows them to scan and process bills of lading not filed electronically.

For more information about customized solutions from PIERS visit www.piers.com.

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Whitepaper from PIERS and InformEx Provides New Insight into U.S. Chemical Export Trends

October 29, 2013

PIERS has partnered with InformEx, the premier global chemical marketplace, to launch a new report that examines top markets for U.S. chemical exports based on the volume of waterborne shipments between 2007 and 2012.

Market Opportunities for U.S. Chemical Exports: An Examination of Growth Across Major Markets, looks at the top geographic markets for exports classified under the U.S. Harmonized Tariff Schedule’s chapters 28 and 29, which include various organic and inorganic chemicals, as well as certain precious and rare-earth metals. The report provides a macro-assessment of selected commodities that have shown significant growth in the five years leading to 2012 and are traded in relatively high volume. Findings provide valuable high-level market data to chemical manufacturers, distributors, end users, and those servicing the chemical supply chain.

“The global chemical market is in a constant state of change, and companies who are involved in the chemical supply chain need to be acutely aware of the issues affecting demand for their materials,” said Nancy Largay, InformEx brand director. “By combining the InformEx platform with the unrivaled U.S. trade intelligence of PIERS, we’re providing business knowledge that can drive decision-making for the top players in the chemical industry.”

Here are some of the report’s key findings for U.S. exports during the period between 2007 and 2012:

  • Nucleic acids (HS Code 2934) to Brazil grew 405%
  • Halogenated derivatives of hydrocarbons (HS Code 2903) to China grew 246%
  • Titanium oxides (HS Code 2823) to India grew 513.9%
  • Amine-function compounds (HS Code 2921) to South Korea grew 368%
  • Cyclic hydrocarbons (HS Code 2902) to Belgium grew 114.6%
  • Carboxylic acids (HS Code 2918) to the Netherlands grew 334.6%

“For over 35 years, PIERS has been a trusted provider of valuable intelligence to the chemical industry,” said Wael Jarous, Senior Vice President of PIERS – JOC Group Inc. “Many of the biggest names in this sector are investing in our solutions based on our commitment to deliver reliable, decision-ready intelligence. We accomplish this by marrying our client’s business knowledge with our expertise in data processing and optimization; the end result is a powerful customized solution that empowers and supports strategic decision making. InformEx provides us with a great forum to develop these partnerships even further, and for that reason I’m pleased to continue our close relationship.”

Download your complimentary copy of “Market Opportunities for U.S. Chemical Exports: An Examination of Growth Across Major Markets,” for intelligence on what markets and commodities are growing fastest for U.S. chemical exports.

The JOC Top 30 U.S. Containerized Trade Partners

October 15, 2013

Mainland China accounted for 10.9 million 20-foot-equivalent units, or 36.4% of the nearly 30 million TEUs in U.S. containerized trade in 2012. Volume to and from China was up 2.6% year-over-year and 8% above pre-recession 2008. That compares to 1.5% growth year-over-year in overall U.S. laden container trade and 3.5% growth over the pre-recession year of 2008.

Following mainland China and rounding out the top five U.S. trading partners by market share were Japan, South Korea, Taiwan and Hong Kong. All told, the Top 5 U.S. Trading Partners accounted for 52.2% of the nearly 30 million TEUs in U.S. containerized trade in 2012. That represents growth of 0.7% year-over-year and is 3.6% above 2008.

The only Top 30 U.S. trading partner posting double-digit year-over-year growth in 2012 was 22nd-ranked Costa Rica, at 10%. The 23rd-ranked United Arab Emirates gained 9.7% while eighth-ranked Vietnam increased 7.1%. By contrast, 10 of the Top 30 declined year-over-year, led by fifth-ranked Hong Kong’s 11.6 decline in U.S. containerized trade percent and followed by No. 29  Singapore, down 9.6% from 2011.

The U.A.E. led the way in comparisons vs. 2008, growing 53.8% over the four years. followed by Vietnam at 33.2% and seventh-ranked India, which surged 32.6%. In contrast, 12 of the Top 30 U.S. trading partners declined in 2012 from their 2008 volumes, led by Hong Kong, whose U.S. containerized trade fell 13.8%. No. 14 Thailand experienced an 11% decline and 19th-ranked Malaysia saw its U.S. trade slip 10.2% from 2008.

Altogether, the JOC Top 30 U.S. trading partners accounted for 86.5% — or 25.9 million TEUs — of the total U.S. containerized trade in 2012. That represented a year-over-year gain of 1.4% for the Top 30 and was up 3.9% from 2008.

JOC Top 30 US Containerized Trade Partners in 2012  JOC

U.S. Auto Parts Imports Climb More Than 5%

October 1, 2013

Containers of auto parts imported through U.S. ports reached 220,366 TEUs in the second quarter of 2013. Imports were up year-over-year for the 15th straight quarter.

Auto parts imports rose 5.1% from the 209,644 TEUs reported in the second quarter of 2012, according to PIERS data.  Despite the high volume, the rate of growth continues to slow, with increases in the single digits for the past three quarters. The previous 11 quarters had seen double digit-growth.

US Auto Parts Imports 2011-2013

Volume also rose 6.0% from first quarter 2013.

Mainland China retained the top spot in the source countries rankings in 2013 year-to-date, with its market share remaining flat year-over-year at 25.6%. Other top countries of origin for U.S. auto parts imports were Japan, at 21.6%, down 0.2 percentage point; South Korea, 15.7%, up 1.9 percentage points; and Germany, 10.8%, down 0.5 percentage point. Nine Japan-based auto parts companies (as well as two executives) have agreed to plead guilty to price-fixing with regard to auto parts sold to U.S. car makers, including U.S. subsidiaries of Japanese car manufacturers, the U.S. Department of Justice announced on Sept. 26.

Sources of US Auto Parts Imports

The volume of auto parts imported from South Korea soared in the first half of 2013. Imports from South Korea jumped 21% to 67,104 TEUs from 55,308 in the same period of 2012. Meanwhile, auto part imports from Brazil dropped 20% to 7,252 TEUs from 9,041 TEUs last year. This helped India take over Brazil’s spot as the sixth top source, dropping Brazil to seventh.

To learn more about how you can benefit from PIERS import & export data register to receive a free demo.


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