Posts Tagged ‘Europe’

Europe’s Containerized Exports to Asia on the Rise

August 27, 2013

June’s containerized exports from Europe to Far East Asia increased year-over-year for the fifth straight month, according to data from Container Trades Statistics. Exports rose to all regions except the Indian subcontinent and the Middle East; volume in that trade fell more than 2%. The biggest regional increase was seen in shipments from Europe to Far East Asia.

European Exports to Far East Asia

Europe exported 578,300 20-foot-equivalent-unit containers to Far East Asia in June 2013, up 9.4% from June 2012 and up 2% from May. In the first half of 2013, European exports to Far East Asia grew 4.7% over the prior year to 3,360,200 TEUs.

European Exports to Far East Asia

European Exports to Australasia/Oceania

Exports from Europe to Australasia/Oceania in June jumped 9.0% year-over-year and 7.4% month-to-month to 44,900 TEUs. This was the largest increase over the year before in this lane in nine months. In the first six months of 2013, exports from Europe to Australasia/Oceania increased 5.5% year-over-year, to 249,100 TEUs.

European Exports to the Indian Subcontinent and the Middle East

The containerized export trade from Europe to the Indian subcontinent and the Middle East totaled 274,000 TEUs, falling 2.2% from June 2012 but inching up 0.7% from May of this year. This was the first year-over-year decline since a six-month slump that lasted from October 2012 through March 2013. Exports from Europe in the January-June 2013 period slipped 1.0% year-over-year to 1,533,600 TEUs.

European Exports to North America

Containerized export volume from Europe to North America reached 312,600 TEUs in June, climbing 4.3% from June 2012, when the volume was 299,600 TEUs. Volume was also up 3.1% compared to May’s level. Exports from Europe during the first six months of 2013 totaled 1,789,500 TEUs, 1.7% above the level seen in the same period in 2012.

European Exports to South/Central America

Europe exported 137,600 TEUs to South and Central America in June 2013, an 8.2% increase year-over-year but a 0.3% decline month-to-month. In the first six months of 2013, exports from Europe to South and Central America grew 4.6% year-over-year to 787,000 TEUs.

European Exports to Sub-Saharan Africa

Containerized exports in June rose 3.1% year-over-year to 159,800 TEUs. However, export volume in the lane slipped 2.3% from May. In the first half of 2013, exports from Europe to sub-Saharan Africa grew roughly 8.6% year-over-year, to 909,800 TEUs.

Looking for a complete view of U.S. trade with Europe, including transactional details on individual shipments? Visit www.piers.com to learn more and schedule a demo with our solution experts.

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Top U.S. Imports & Exports with Europe

May 14, 2013

‘Auto parts’ was the top containerized import commodity from Europe in February 2013, up 14% over February 2012. The top 10 commodities shown above accounted for 36% of the total box import trade from Europe.

Top U.S. Containerized Imports from Europe

‘Paper & paperboard’ was the top containerized export commodity to Europe in January 2012. A sharp increase was seen PVC resins shipments, up 179% Y-o-Y. The top 10 commodities shown above accounted for 42% of the total export trade to Europe.

Top US Exports to Europe

For more information about how PIERS Trade Intelligence can help you track U.S. imports & exports for any commodity or region visit www.piers.com or for more trade and economic analysis subscribe to JOC Insights.

Europe’s Increasing Bilateral Relations

March 19, 2013

Taken as a single geographic entity, Europe has the largest economy – generating nearly a fifth of global output, the highest average per capita incomes and a major exporting powerhouse. Its latest economic outlook paints a disheartening picture with stagnant growth, rising unemployment and public dissatisfaction threatening to undermine the cohesion of the European Union itself. The 17-nation bloc’s economy sank further into recession in the last three months of 2012 and will shrink 0.3% in 2013, remaining in its second recession since 2009, for a year longer than originally foreseen.

EU 2

Trade has never been more important for the European Union’s economy! It’s a way to achieve growth without depleting public finances as open economies tend to grow faster than closed ones. To boost the EU’s capacity to benefit from trade, the European Commission has developed an ambitious bilateral trade agenda that fosters innovation and efficiency. Liberalizing E.U.’s world trade will foster sustainable economic, social and environmental development, creating jobs and union growth in the process.

Traditionally barriers to trade were addressed mainly through reductions in tariffs, however to create open markets in the 21st century goes beyond tariff reduction to the barriers that lie behind borders. Technical and regulatory obstacles are just as important; non-tariff barriers have sensitive cultural and social issues create additional obstacles to fair trade. Over the next two years, 90% of world demand will be generated outside the E.U.; therefore it is a key priority to open up more market opportunities for European businesses by negotiating new Free Trade Agreements with key countries. This is why the European Commission proposed an ambitious new generation of deeper, bilateral free trade agreements with key partners:

  • ASEAN
  • Canada
  • Gulf CO-operation Council (i.e. Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates)
  • India
  • Malaysia
  • Morocco
  • Japan
  • Peru
  • Singapore
  • Ukraine
  • United States

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How do you plan to keep an eye on trading changes between the U.S. and the E.U. if a Fair Trade Agreement is negotiated? PIERS offers comprehensive coverage of U.S. waterborne imports from Europe and is the only company that gathers complete, detailed U.S. export information at the ports…every day.

Register for a free demo and a solutions expert will show you how PIERS trade intelligence can assist your business.

Vive La France! Oscar Isn’t the Only Hype Surrounding French Exports

February 28, 2012

The unofficial theme of the 2012 awards season could have easily been “Vive la France,” with the French-helmed “The Artist” picking up dozens of awards going into Oscar night on Sunday. With 10 nominations, the film picked up five wins, including Best Picture.

But the motion picture phenomenon is not the only thing France is celebrating. After deficit woes and a slumping economy, the country is finally showing bright spots of optimism. Bloomberg News reported on Friday that French consumer confidence climbed for a second month in February after the economy unexpectedly expanded in the fourth quarter, adding to signs of recovery.

A measure of sentiment rose to 82 in February from 81 in January, national statistics office Insee said in Paris today. That matched economists’ expectations for a reading of 82, according to 15 different forecasts.

Although joblessness and potential budget cuts resulting from the approaching French presidential election could put a damper on consumer enthusiasm, this is the second consecutive improvement after a three year low.

France also ended 2011 strong with increased wine and champagne exports. According to the Federation of Wine and Spirits Exporters, French exports of wine and spirits hit a record €10 billion in 2011, a 10.5% annual increase. The federation said demand had been on the rise worldwide, particularly in Asia. Wine and spirits were the second-largest contributor to France’s trade balance, after the aerospace industry and ahead of the perfume and cosmetics sector.

It remains to be seen how long France’s glimmer of prosperity can last, especially when other countries in the European Union are experiencing far greater economic turmoil. With all of these positive developments in Europe, how are you keeping up? Try a free demo of PIERS’ various products designed to keep you informed with the most current data to help shape your business.

PIERS Data Shows U.S. Containerized Exports Drop 3% in October – Struggling European Markets Led Losses

December 22, 2011

U.S. containerized exports contracted in October for the first time in 4 months as European markets softened markedly. Overall U.S. containerized exports fell 3.0% Year-Over-Year in October totaling 1,008,273 TEUs, after climbing 10.3% in September.

Year to date, through October, overall U.S. containerized exports were still up 7.1%. However, PIERS/JOC, Economist, Mario Moreno’s recent updated forecasts point to a 5.8% growth for full year 2011, and slower growth for 2012 at 3.8%. On a month to month basis, exports rose 1.3% in October over September.

U.S. Containerized Exports October 2011

Demand from Europe continues to decline as European economies struggle with ongoing sovereign debt problems and decelerating manufacturing activity. Following flat growth in Q3, exports to Northern Europe dropped 7% in October as shipments of motor vehicles (-38%), paper & paperboard (-29%), and wood pulp (-23%) contracted sharply. Losses in outbound shipments to the Mediterranean region continued. After plunging 10% in Q3, trade to the Mediterranean tumbled 14% in October as demand for vinyl alcohol (-58%), paper & paperboard (-18%), and wood pulp (-32%) succumbed markedly. Significant losses were also seen in South American markets, particularly in Brazil. On the upside, exports to Africa gained momentum, expanding 20% on account of grocery products, poultry, and vinyl alcohol among other goods.

On a country level, Brazil led the losses driven by a marked slowdown in economic activity, which led policymakers to reverse tightening policy. Exports to Brazil plunged 25% to a total of as demand for miscellaneous plastic products (-59%), wood pulp (-40%), and unclassifiable chemicals (-32%) reversed sharply. Italy and Hong Kong followed, each dropping by 34%  and 11% respectively. Exports to China, nevertheless, kept at posting gains, up 4% as demand for U.S. logs & lumber (+64%), wood pulp (+47%) and meat (+195%) continued.

On a commodity level, significant losses were seen in pet & animal feeds (-12%), grains & flour products (-32%), paper & paperboard (-2%), and motor vehicles (-7%). This marks the first decline for motor vehicles in 14 months, Year-Over-Year. Offsetting some of the losses are synthetic resins (+125%), meat (+38%), logs & lumber (+17%), poultry (+27%), and mixed metal scrap (+7%).

PIERS is the only source for transaction-level U.S. export data. PIERS staff reporters cover every major U.S. port, collecting and processing over 300,000 export Bills of Lading each month to provide a complete view of U.S. trade. To learn more about PIERS export data, visit www.piers.com/USExports.

Solid Growth at European Ports – How Are You Keeping Track?

June 7, 2011

PIERS’ sister company, The Journal of Commerce (JOC) reported that according to a Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics, experts predict a strong six months ahead for ocean container imports and exports at six major European ports, indicating a return to pre-recession economic conditions. The ports tracked include le Havre, Antwerp, Zeebrugge, Rotterdam, Bremen/Bremerhaven and Hamburg.

After a couple of active months in April and May, incoming volumes are expected to settle down through September at the six North European ports monitored. Import volume every month at each port through September is projected to post a year-over-year gain. Export volumes at the six ports are expected to be relatively flat on a month-to-month basis, but solid year-over-year growth is anticipated. In the longer term, all four upcoming quarters are forecast to post year-over-year growth for both incoming and outgoing container volumes.

Particularly, the Port of Hamburg is expected to show healthy growth with volumes increasing as transshipment to Scandinavia and Russia picks up, especially in the second and third quarters of this year. It expects that all but one of the upcoming six months will post an increase over the previous month in incoming container volumes and all are anticipated to post year-over-year gains.

Sound familiar? Our April blog post also reported on the positive and solid “Energizer bunny” effect of U.S.-Europe trade. With all of these positive developments in the transportation industry, how are you keeping up? Try a free demo of PIERS’ various products designed to keep you informed with the most current data to help shape your business.

Trans-Atlantic Trade Keeps Going, and Going…

April 26, 2011

According to PIERS data, the strength of first quarter volume indicates U.S.-Europe trade is holding up well despite fears that the onset of austerity programs in Europe could eat into eastbound cargo flows, or that U.S. consumers were still skittish about buying European luxury goods. This analysis is according to Peter T. Leach, who recently wrote an article for The Journal of Commerce using PIERS data and likened U.S.-Europe trade to the reliable Energizer Bunny—it keeps going and going.

U.S. containerized imports from Europe expanded 11.9 percent in 2010 over the depressed figures of 2009. But as with many trade figures, the rebound in trans-Atlantic container trade was only a relative recovery.

Piers Chart

The PIERS figures show westbound container trade last year was still 10 percent behind 2008 volume. The rebound also was concentrated largely at the top. Container volume for the top 10 container lines expanded 17.3 percent year-over-year last year and nearly reached the 2008 level.

Leach’s article makes it apparent that getting a handle on European trade data is as important in good times as it is in bad times, and the pace of business is ever-changing. Leach says ships were sailing full or close to full in both directions on the Atlantic for much of last year, so carriers were able to push through hefty increases early in the year. But slowing demand in the third quarter meant they weren’t able to nail down the full rate increases they posted on October 1. The fate of the general rate increases carriers posted for April 1 remains in doubt, as shippers say enough is enough, especially when they are still negotiating the coming year’s annual contracts. Maintaining a close eye on these types of rapid developments is essential to successful global business navigation.

PIERS products are widely used by companies trading with Europe to analyze trade volume with U.S.ports, benchmark their competition’s activity, analyze market shares, source U.S.raw materials and more. Through PIERS, users have the ability to create transportation trending analysis reports and closely study trade between the U.S.and Europe. Find out how you can help eliminate uncertainty by contacting us at (800) 952-3839 or register for a free demo to learn more about our solutions for the European market.


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