Posts Tagged ‘PIERS international trade news’

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


March U.S. Containerized Exports Highest in a Year

July 10, 2013

U.S. containerized exports slipped 0.8% in March 2013 year-over-year, totaling 1,072,190 20-foot-equivalent units, according to PIERS data. However, this is the highest monthly volume since March 2012 when exports totaled 1,080,341 TEUs. March containerized exports were up 6% from February through March exports edged up 1.2% from the year-earlier period.

U.S. containerized exports to Asia in March fell 2.3% year-over-year, however year-to-date through March, the trade to Asia was up 0.7%. The trade is forecast to grow 3.9% in 2013 and 3.8% in 2014.

U.S. Containerized Exports March 2013

Of March’s top 25 containerized export commodities, the highest year-over-year declines were in scrap metals, down 22%; plastic products, down 14%; unclassifiable chemicals, down 12%; and vinyl alcohol resins, down 11%. The largest export increases were in edible nuts, which increased 39%; soybeans, up 28%; and motor vehicles, up 16%.

Among March’s top 25 destination countries, shipments to Germany fell the most, down 12% year-over-year to 23,616 TEUs. Volume to Italy declined 11% to 10,879 TEUs, while the Philippines followed with a loss of 9% to 10,702 TEUs. The country with the steepest increase in exports from the U.S. in March was Vietnam — shipments rose 30% to 19,485 TEUs. Shipments to Indonesia totaled 21,873 TEUs in the month, up 24% year-over-year. Exports to the United Arab Emirates climbed 21% to 22,420 TEUs.

Thanks to our unique data operations infrastructure, which includes onsite port staff who have the ability 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.

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