Posts Tagged ‘imports’

PIERS Reports Growth in U.S. Containerized Imports

August 13, 2013

U.S. containerized imports edged up 0.7% year-over-year in May, following year-over-year growth of 2% in April, according to PIERS data. U.S. containerized imports totaled 1.54 million TEUs in May, the highest monthly volume since August 2012.

“Retailers have come to realize that their expectations in the beginning of the year for a resilient, improving consumer sector were a bit too optimistic, resulting in slowing demand for foreign goods starting the second quarter,” said PIERS/Journal of Commerce economist Mario Moreno in the July report of JOC Insights. “Second quarter imports will likely grow by no more than 2% year-over-year, which is in line with my expectations.”

Containerized import volume in May was up 4% from April.

U.S. Containerized imports May 2013

Leading the gains among the top 25 imports were miscellaneous fruits, with a 39% year-over-year jump; kitchenware, up 17%; and footwear, up 15%. The largest declines were seen in toys, electronic products, and address machinery, all down 9%.

Among the top 25 source countries, U.S. imports from Chile showed the largest increase in May, up nearly 30% year-over-year to 18,718 TEUs. Shipments from Brazil totaled 27,987 TEUs in May, up 26% year-over-year. Ecuador’s exports to the U.S. in May totaled 10,541 TEUs, growing 24.2% year-over-year. Of the largest sourcing country declines, shipments from Japan showed the biggest drop, off 14% year-over-year to 46,381 TEUs. Hong Kong followed with a 13.5% drop to 30,859 TEUs, while Turkey’s volume fell 10.4% to 9,397 TEUs.

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

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JOC Insights by Mario Moreno: U.S. Containerized Apparel Imports Up 3.7% through April

July 30, 2013

U.S. domestic imports of apparel, not knitted or crocheted (HS code 62), are modestly recovering from 2012’s dip. Year to date, through April, apparel imports were up 3.7%, and totaled $12.4 billion. Last year, imports totaled $36.8 billion for a dip of 0.4%, while in 2011 imports totaled $36.9 billion for an increase of 8.0%. 2012 was a mediocre year for apparel imports partly because real disposable personal income per capita experienced sluggish growth.

U.S. Apparel Imports by Dollar Value

CHINA LOSING SHARE OF IMPORTS; BANGLADESH, VIETNAM GAINING

China is the largest supplier of apparel (not knitted or crocheted) to the U.S. by dollar value. China sourced 40% of all U.S. apparel imports in 2012, down by 0.6% from 2011. Year to date, through April, China saw its share of imports declined further to 36.8%, despite an increase of 3% of exports to the U.S.

Share of U.S. Apparel Imports by Country and Annual Growth Rate

Imports from other low-cost producers such as Bangladesh and Vietnam are growing faster this year, partly as a result of the fast-pace rising production costs in China. Vietnam’s share has grown steadily in recent years, boosted by rapid export growth. Year to date, Vietnamese exports of apparel to the U.S. jumped 17%, and Vietnam’s share of imports increased to 8.4%. Second-ranked Bangladesh also saw its share of imports increased in recent years and it’s currently holding 10.8% of the total U.S. apparel imports trade year to date. Ultra low wages, which have remained flat for years, spurred an $18 billion garment industry. According to some estimates, average monthly pay in 2009 for workers in Dhaka was $47 compared to $235 in Shenzhen China.

Bangladesh’s exports of apparel to the U.S. rose 8% year to date, a good improvement over the 1% dip seen last year. Nevertheless, exports growth will likely be challenged for the rest of the year in the aftermath of the April 25th collapse of Rana Plaza, an eight-story building in Savar, Bangladesh, killing over 1,000 garment workers. Some apparel retailers have signed a safety pact agreement with the intention of raising payment to suppliers so that factory owners undertake major safety upgrades. Furthermore, the Bangladeshi government has agreed to International Labour Organization proposals that include worker protection rights and liberty to form unions. How will new safety measures and regulations impact container apparel imports from Bangladesh going forward?

WILL APPAREL IMPORTS FROM BANGLADESH BE ADVERSELY IMPACTED BY THE RANA PLAZA DISASTER?

U.S. container imports of apparel from Bangladesh were up 7.6% year to date through May, and totaled 34,544 TEUs. By extrapolating the data we can determine the expectation of apparel import volumes from Bangladesh over the next 6 months as the graph shows. This is important because we can estimate the impact of the Rana Plaza disaster and new safety measures and regulations over future container imports of apparel from Bangladesh. For June, apparel imports from this country are expected to grow by 7.4% year over year.

 US Apparel Imports from Bangladesh

More of Moreno’s trade and economic analysis can be obtained by subscribing to JOC Insights or by following him on Twitter @MarioMoreno_JoC.

Now Welcoming…the Spanish Avocado

March 21, 2013

Avocados are everywhere; in commercials, discussed on health conscious websites, they are even popping up in fast food restaurants as burger garnishing. No longer just a seasonal fruit, avocados are available in the U.S. all year thanks to global trade. Although the U.S. is a major producer of avocados from California and Florida crops, it is also a major importer from countries such as Chile, the Dominican Republic and Peru.

Well recognized for quality, Spanish Hass avocados are known as one of the best avocados in Europe. Until recently though, Spanish Hass avocados were not permitted into the U.S. for fear of introducing new plant pests, particularly the Mediterranean Fruit Fly. Numerous studies conducted by American scientists concluded that the Hass cultivar, grown in Spain’s mainland, is not a carrier of the insect. Avocado batches not of the Hass variety will have to be treated for Mediterranean Fruit Fly control before they ship to the U.S. and shipments will need a Phytosanitary Certificate, with an additional declaration indicating that the avocados have been inspected and found pest-free under the requirements.

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During a briefing on the EU-US trade negotiations between the European Commission and the U.S. in February (as mentioned in a previous PIERS blog), were discussions regarding the changes in regulations to allow the exporting of Spanish avocados to the U.S. After over ten years of bureaucratic wrangling, it looks like America is finally about to allow the import of avocados from Spain, excluding the Balaeric Islands and Canary Islands where the Mediterranean Fruit Fly flourishes.

PIERS offers instant access to details on U.S. import shipments. Our international trade data combined with market specific intelligence can help provide a global picture of a commodity and the companies trading. Register online for a demo.

Shamrock & Ale

March 14, 2013

It’s that time of the year again. By now, you should be getting ready to dust off your “Kiss Me,  I’m Irish” t-shirt and prepping the corned beef to celebrate St. Patrick’s Day on March 17. Parades, events, festivities and beer…lots of beer.

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Even if your Irish heritage is a bit “contrived”, no one asks questions as long as you’re wearing green. Any Irish lad or lassie will tell you that this truly is a celebration for all, just grab a beer!

PIERS February Food of the Month: Chocolate

February 14, 2013

The National Retail Federation predicts Americans will spend a collective $18.6 billion this year on flowers, candy, jewelry and other tokens of love for their love during the 2013 Valentine’s Day celebration. A mix of traditional and non-traditional Valentine’s Day gifts will be popular this year but more than half of gift givers will buy candy, chocolate most likely, to say “I love you”.

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Imported with love, enjoy savoring your sweet treats today. Happy Valentine’s Day from PIERS!

Helping to Feed the World: Fertilizer

February 12, 2013

Fertilizers are well known for their contribution to the world’s food supply. Soil plus fertilizer can produce more crops than soil alone, which is essential to domestic and global food production.

soil_with_fertilizer

Increasing world populations are placing greater demands on U.S. agriculture to produce more food – hence requiring more fertilizer. The U.S. is the largest importer of fertilizer in the world, as domestic supply is inadequate for some nutrients; imports account for the majority of North American fertilizer consumption. The U.S. Department of Agriculture data shows farmers today are using fertilizer nutrients with the most efficiency in history. Farmers in the U.S. are highly productive, providing food and grain to meet domestic demands while also producing and exporting for a large portion of the world.

Fertilizer mixtures contain various concentrations of nitrogen, ammonium sulphate, potassium chloride (potash) or urea; all considered straight or basic materials. These can be applied directly to the soil or combined to become compound fertilizers; compound fertilizers are needed depending on the crop and the condition of the soil.

US_Ammonium_Sulphate_Imports_2012

US_Potassium_Chloride_Imports_2012

US_Urea_Imports_2012

Forecasts estimate the world’s population at nine billion by about 2050. Without fertilizer to boost crop production in the areas already cultivated, additional land would need to be used for production to keep people fed and healthy.

Want to learn more about the details behind these fertilizer imports? PIERS solutions provide the support needed to accurately track vital trade intelligence around the world. Contact us today to have a PIERS solutions expert show you more.

JOC Insights by Mario Moreno: Furniture Imports Expand

February 5, 2013

U.S. imports of furniture jumped 13.4% Y-o-Y in October 2012, marking its 16th straight monthly advance and totaling $3.8 billion in constant dollars. Through October, imports were up by 12.2%, in line with a rebounding housing market.

China is by far the largest source of U.S. furniture (HS code 94) imports, accounting for a 51.5% share in 2011 according to ITC estimates. A great number of U.S. furniture makers had to shut down operations over the years as they saw production and jobs being transferred to China to take advantage of lower wages and costs. In fact, back in October 2003, a concerted coalition of furniture makers and unions petitioned the International Trade Commission for money repairs, arguing China was dumping furniture into the U.S. market (Drayse, 2008). A duty on Chinese furniture was later imposed; however, furniture shipments from China to the U.S. continued rising.

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This outsourcing trend bolstered China’s share of U.S. furniture imports significantly from 29.3 % in 2001 to 52.8 % in 2010. Nevertheless, China’s share declined in 2011 and in 2012 year to date according to U.S. International Trade Commission figures, while the share of Mexico and Vietnam rose in those same years. Mexico’s share of U.S. furniture imports increased from 14.9% in 2010 to 15.8% in 2011 to 17.6% in 2012 through October.

In 2012, through October, imports from China in constant dollars were up by 9.8 %, but imports from Mexico, Vietnam and India were up by double-digit growth rates. In terms of volume I see a similar pattern, with containerized shipments from China nearly flat this year while shipments from Vietnam and India were up by double-digit growth rates.

More of Moreno’s trade and economic analysis can be by subscribing to JOC Insights or by following him on Twitter @MarioMoreno_JoC.

For FREE, instant access to details on U.S. import shipments, register online for PIERS TI Basic.

PIERS Free Reports

December 27, 2012

Before the year comes to an end, download any of our one-of-a-kind complimentary reports:

PIERS/Informex Market Opportunities for U.S. Chemical Exports

This report provides a detailed analysis of top markets for U.S. chemical exports classified  under chapters 28 & 29 of the harmonized tariff schedule. Understand what commodities are traded in high volume in each of these markets and what chemicals are experiencing high growth or decline. Furthermore, we examine the applications for each of these chemicals and how market conditions in each of these countries are driving these trends.

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PIERS Capacity Utilization Report 2011

This report provides an overview of capacity utilization on major U.S. trade lanes by quarter and as well a 2011 versus 2010 performance comparison. PIERS dynamic import/export data offers industry analysts, C-suite executives, marketing professionals and those involved in the logistics industry, a unique and deep insight into global capacity utilization statistics and trends. This report’s analysis can be leveraged to ascertain the underlying factors affecting regional waterborne trade worldwide as well as their impact on your current and future business decisions.

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PIERS NVOCC Market Report – Import Market Dynamics, 2011 vs 2010

The latest PIERS report enables users to track import growth of NVOCCs in the U.S. and around the world. It includes both aggregate NVOCC industry and individual NVOCC company market share by major trade region, volume, value of trade and carrier (VOCC) association. These assessments offer a view of performance over time so the U.S. can compare NVOCC performance with overall market growth.

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PIERS Capacity Utilization Report, 1H-2011 vs 1H-2010

This report provides current analysis of import/export capacity utilization on major U.S. trade lanes for the first half of 2011 compared to 2010. The report’s must-know intelligence is particularly significant because of the void in carrier supply data since 2006. Were demand and supply projections too optimistic in some regional markets? How are ocean carriers reacting to shipper demand volatility? Which regions are seeing the most balanced supply and demand load factor? Find this and more when you download PIERS Capacity Utilization Report.

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PIERS NVOCC Market Report – Import Market Dynamics, 1H-2011 vs 1H-2010

The PIERS NVOCC Market Report series compares 1H-2011 data with 1H-2010 to drill down deep into the market’s performance dynamics over the past 12 months. View TEU volume and NVOCC market share statistics by trade region. Track where NVOCC import growth is occurring. See top 50 carriers using NVOCCs by TEU volume. Pinpoint NVOCC impacts on scheduling, inland service, cargo consolidation, documentation and ocean liner rates and much more.

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PIERS NVOCC Market Analysis 2006-2010
PIERS helps you get ahead and stay ahead with the most up-to-date, in-depth analysis of the NVOCC import market. This free analysis is on an overall portrait of the NVOCC market, its performance over time and its likely direction. What regions globally are seeing the greatest NVOCC growth, volume and market share? Which top 20 NVOCCs capture just over 50 percent of all NVOCC volume? How much did total volume handled by NVOCCs grow over the years? Find this and more when you download the PIERS NVOCC Analysis Report.

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PIERS can deliver the intelligence that you need! We have several solutions to assist in analyzing the global supply chain and understand the movement of goods. Contact us today to have a PIERS Data Solutions Expert contact you to provide more information or schedule a product demonstration.

Counter Your Competitor’s Actions with PIERS TI-Comprehensive

December 18, 2012

There is so much competition with the world being one, connected marketplace today. Has your company tapped into the essence of strategic business analysis; understanding your competitor’s trends, capabilities and weaknesses?

PIERS TI Comprehensive provides the right information at your fingertips! Our raw data feed is rapidly updated and standardized daily, allowing immediate access into recent commodity movements of U.S. imports and exports. PIERS enhances the value by updating the data with standardized, value-add fields and comprehensive search fields along with access to the following:

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  • Access to U.S. imports and the ONLY company with complete exports
  • Comprehensive search capabilities on all available fields
  • Historical data going back to 2007
  • Up to 5 years simultaneous searches on Imports
  • Up to 3 year simultaneous searches on Exports
  • View results in one of our report templates
  • Download up to 10,000 records
  • View House/Master BOL relationships

The real value in trade intelligence is to provide managers with the organizational tool to learn what the competitor will do, not what the competitor has already done. Businesses, organizations and governments around the world trust PIERS to deliver global trade intelligence, which means you can trust your business decisions are based upon a solid foundation.

PIERS TI Comprehensive customers use our data to:

  • Generate sales leads
  • Obtain competitive intelligence
  • Identify buyers & suppliers
  • Conduct market research
  • Monitor contractual compliance

Want to learn more about how PIERS TI can enhance your company’s competitive intelligence? Request a demo from one of our solutions experts or sign up before 12/21/12 to receive 25% OFF the price of a new subscription.

Quotes in Motion

December 11, 2012
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But O the ship, the immortal ship! O ship aboard the ship!

O ship of the body – ship of the soul – voyaging, voyaging, voyaging. 

~Walt Whitman (Aboard at a Ship’s Helm)

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Port Miami (image courtesy of FECR)


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