Posts Tagged ‘international trade’

U.S. Containerized Exports Drop to Two-Year Low

September 4, 2013

U.S. containerized exports fell 6.1% year-over-year in June, to 925,043 TEUs, according to PIERS Data. This was the lowest volume seen since June 2011 and the first time volume fell below 1 million TEUs since January 2013. June containerized exports tumbled 12.5%from May.

USContainerizedExports201306

“Asia appears to be the main source of weakness,” said PIERS/Journal of Commerce economist Mario Moreno in the August report of JOC Insights. “Foreign investors are pulling billions of dollars out of emerging bond markets in response to signs the Fed may start scaling back its stimulus program, adversely impacting emerging economies in Asia.”

U.S. containerized exports to Asia in June fell 7.5% y-o-y. The trade to Asia also inched down 0.7% year-to-date. January through June exports to all regions increased 0.3% compared with the first half of 2012.

Of June’s top 25 containerized export commodities, the largest declines were in automobiles, down 36%; pet and animal feeds, down 35%t; and auto parts, down 32%. The highest year-over-year increases were in miscellaneous grocery products, which soared 178%; metalware, up 119%; and miscellaneous apparel, up 21%.

Among June’s top 25 destination countries, shipments to Indonesia fell the most, down 43% y-o-y to 12,662 TEUs. Volume to Singapore declined 22% to 10,555 TEUs, and Vietnam followed with a loss of 16% to 13,331 TEUs. The Netherlands saw the steepest growth in exports from the U.S. in June: shipments rose 16% to 18,655 TEUs. Shipments to Belgium totaled 24,472 TEUs in the month, up 14% y-o-y. Exports to India also climbed 14%t, to 29,312 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.

Advertisements

U.S. Agricultural Exports Fall

June 11, 2013

Agricultural exports from the U.S. declined for a second straight month in April to $10.6 billion. This is the lowest agricultural export value since July 2012.

The value of the United States’ agricultural exports was down 3.6 percent from the level seen in April 2012 when it exported $11 billion worth. Prior to the past two months, exports had shown increasing year-over-year values for 10 straight months. When compared to March 2013, export value fell 9.5 percent, according to data from the U.S. Census Bureau. Agricultural exports have been down month-to-month for the past half year.

US Agricultural Trade Apr 13

U.S. agricultural imports, on the other hand, were at their highest value in April since the JOC began collecting this data in February 2011. They rose 7.2 percent year-over-year and inched up 0.8 percent month-to-month to reach $9.6 billion. The trade balance is now roughly a surplus of $1 billion, the lowest in over two years.

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:

PIERS_TI_comprehensive_bill_of_lading

  • 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.

Made in America

August 30, 2012

Fact, not every American flags is “all-American”.

Some federal lawmakers are pushing for a new law that would require all American flags flown on federal buildings be American-made. Currently the U.S. spends $3.6 million importing American flags, $3.3 million of that from China, according to the Census Bureau. Federal law to date requires that U.S. flags purchased by the federal government contain a minimum of 50% American-made materials.

US Flag Imports by Country

A Senator has introduced legislation that would require federal agencies to purchase only flags made entirely in the U.S. “from articles, materials, or supplies 100% of which are grown, produced, or manufactured in the United States.” The federal measure mirrors a debate currently underway in other states across the country,  and Arizona also requires public schools, from junior high school and up, to fly only U.S.-made flags.

Where was your flag made?

Looking to keep track of a specific commodity? PIERS solutions give you a global picture of a commodity and the companies trading it. Analyze commodity growth trends, leading producers, source suppliers and more! Click here to register for a free demo.

NJ Targets Foreign Investment

July 17, 2012

Lieutenant Governor of New Jersey, Kim Guadagno, recently announced the Christie Administration’s new Office of International Business Development and Protocol for the State of New Jersey. The new office will leverage the state’s advantages in these areas to attract foreign investment, expand New Jersey’s partner network to improve lead development, and increase export opportunities for New Jersey’s businesses.

“As foreign companies consider investing beyond their home countries, they look to business-friendly environments with diverse business communities,” Guadagno said in a statement. “From our highly educated workforce and thriving industry clusters to our world-class intermodal transportation system supporting a gateway to international markets, New Jersey is well positioned to promote our assets, increase foreign direct investment and increase opportunities for New Jersey businesses to maximize exports”.

The Christie Administration has been working to increase foreign direct investment and succeeded in attracting 21 new foreign investment projects .The office will work to attract foreign companies to invest in the state, concentrating its outreach efforts on New Jersey’s top investor nations – Germany, Switzerland, Japan, France, the United Kingdom, the Netherlands, and Canada – and countries where New Jersey enjoys rich relationships, such as Taiwan, India, Korea and Israel.

New Jersey remains a premier east coast distribution location, midway between Boston and Washington D.C. The New York-New Jersey metropolitan area is one of the largest most affluent consumer markets in the world. One important reason for this is its strong maritime, rail, aviation and highway transportation network. Strategically located at the heart of the mid-Atlantic corridor, the region offers efficient access to millions of consumers in a single day. It’s maritime and transportation facilities rank among the largest and most productive in the nation.

Conveniently reaching a population base of over 33,000,000 people with access to all modes of transportation; NJ Turnpike, Routes 1 and 9, Newark International Airport plus LaGuardia and JFK in New York, and multiple rail options: Canadian Pacific Railway, CSX  and Norfolk Southern in the northern half of the state; Winchester and Western Railroad and West Jersey Railroad both connect to the Conrail System providing linkage to interstate destinations.

The freight railroads play a vital role in moving goods to and from the State’s ports – about 15 percent of the Port of New York and New Jersey’s containers currently move by rail, a modal share that is anticipated to increase when the new class of post-Panamax vessels begins serving the Port.

New Jersey may be small in size but it currently boasts five Foreign Trade Zones within the state with pharmaceutical firms, food distributors, auto-makers, and oil companies currently taking advantage of Foreign Trade Zone status at the Port of New York and New Jersey.

 

Companies operating in a Foreign Trade Zone (FTZ) pay no duties on merchandise imported for manufacturing or assembling, when the final product is exported outside of the United States. Duties are only paid when these products leave the zone for the domestic market. In addition, there are no duties paid on merchandise shipped from one FTZ to another.

Interested in identifying importers and exporters in New Jersey? Use PIERS data to determine ship lines, ports, terminals, trade lanes, shippers, specific commodities and more. Visit PIERS to find the solution that’s right for you.

Celebrate the Day of the Seafarer

June 25, 2012

 
PIERS acknowledges the “Day of the Seafarer”! We celebrate the selfless services of the one and a quarter million seafarers who work over the horizon, literally. The International Maritime Organization (IMO) believes that the hugely positive work of seafarers on the daily lives of ordinary people should be publically recognized today with gratitude for the work they do. The jobs they do are absolutely vital and without them, world trade, industrial growth and modern life as we know it today, would not be possible. 

United Nations Secretary General Ban Ki-Moon delivered a special message acknowledging contributions that seafarers have made in significantly improving the shipping industry’s environmental performance along with the courage displayed in the face of piracy threats.
 

“On this Day of the Seafarer, let us celebrate the brave women and men, from master to deck hand, from sandy shores to the deepest ocean blue, from all corners of the world, who make it possible for the shipping industry to underpin our global economy and foster greater progress for all.”

 
This year’s celebration is not just thinking about this maritime workforce, the IMO is asking everyone to choose one object that came by sea which they just could not live without.

Complete this sentence: I could not live without _______ , it came by sea!

TD Bank Uses PIERS Trade Finance™ to Bolster Origination Efforts

January 25, 2012

To many companies that make up the financial services industry, companies involved in international trade are an attractive target market.  Banks and financial institutions can offer letters of credit or other trade financing products, while insurers can provide import/export insurance.

TD Bank along with many other leading financial institutions has found PIERS Trade Finance™ to be an invaluable tool for finding “hot leads” involved in international trade.  The intuitive interface of Trade Finance allows them to see what companies in a given U.S. region are trading overseas, and then drill down to see the individual companies and the markets they serve.  Selecting any given company in the search results allows them to access detailed D&B company information which is combined with PIERS trade data, to provide valuable insight into that company’s trade activity.  This unique combination of data makes for a very powerful prospecting tool that gives users the choice of accessing aggregate trade data that shows top trading partners, ports, and commodities traded, or drilling down to see the rich details in individual Bills of Lading.

Trade Finance also has the added benefit of showing companies’ bank of record (when available) as part of the search results, and because PIERS is the only provider of transaction level export data TD Bank is able to get a complete view of each company’s trade activity, as opposed to just seeing foreign suppliers.

Dan Fisher, Director of Global Trade Finance North America, has been benefitting from PIERS trade intelligence for many years, and says, “We find PIERS Trade Finance very useful to assist in our origination efforts for trade finance business.  This database allows us to look for clients by region, state and even down to the respective counties that our commercial lenders work in.  It is always nice to have a warm lead instead of having to go for a cold call to a company to provide our services.”

To learn more about how PIERS Trade Finance visit www.piers.com/finance or call +1-973-776-8660 to speak to a solutions expert.

All Aboard! PIERS Rail Analysis Now Available

August 9, 2011

Approximately 60 percent of all intermodal traffic is generated by international trade—intermodal cargoes account for 21 percent of U.S. Class I rail carrier revenue, second only to coal. With growing problems on the road—such as aging infrastructure, rising fuel costs, congestion and higher emissions—rail is looking more and more attractive for long-haul freight movement.

PIERS brings you these and other insights on the rail industry in a free report, “PIERS Rail Market Analysis.” Register here and a PIERS account executive will email you the full report. In this report, PIERS provides an analysis of Class I Intermodal Volume, comparing the advantages of rail versus truck transport and detailing top rail commodities. The figures below display the Class I rail share of the top five imported commodities by volume at the 2-digit harmonized code level and the top five containerized commodities in U.S. outbound trade by volume and the Class I share of moving them to seaports.

With frequent access to PIERS data, you can track and analyze the U.S. supply chain and understand the movement of goods by identifying import and export activity by origin, destination, commodity, etc. PIERS helps railroads research import and export trade activity, view U.S. and foreign port volumes, analyze cargo flow and volumes, identify cargo type by container, bulk, refrigerated, RoRo  and breakbulk, identify container size and more. Register at www.piers.com/railway and a PIERS account executive will email you the full report.

PIERS data is put into perspective in this report by Dr. Mike Fusillo, who has provided numerous analyses of the transportation industry. He holds over 20 years of experience in applied economics in the fields of maritime transport and international trade, infrastructure economics, economic development, survey research and design, traffic and revenue models and forecasts, antitrust and industrial economics, and studies of pricing and demand. A sought-after speaker and educator, he has also engaged in projects related to construction risk analysis and environmental quality.  To learn more about Dr. Fusillo’s services, please contact him at mfusillo@aol.com.


%d bloggers like this: