News
Zepol Corporation, the a Minnesota-based trade intelligence company, has reported that U.S. import shipment volume for October from ten Asian countries and territories (China, South Korea, Hong Kong, Taiwan, Japan, Singapore, Thailand, India, Malaysia and Vietnam) rose 18.7% from the same month in 2009 to 1.202 million TEUs but fell 4.6% from September.
Containerized exports from Asia to the U.S. are obviously slowing down. According to Zepol's data, volume from China, the largest import source for the U.S., fell 5.4% from last month in October to 728,527 TEUs, South Korea following suit with a decline of 8.6% at 111,905 TEUs, and Taiwan with a 3.6% drop at 78,732 TEUs. Japan also saw a 2.1% drop from the previous month at 58,519 TEUs, while box traffic from Hong Kong recovered a bit with a 2.6% gain to 120,838 TEUs.
India enjoyed a strong increase of 25.4% on month in October achieving 13,909 TEUs and Vietnam and Malaysia also continued a moderate increase, registering 9.2% and 8.5% growth to 18,507 TEUs and 12,503 TEUs, respectively. In contrast, Singapore suffered a double-digit minus of 16.1% on month with 45,845 TEUs and Thailand saw a 7.2% decline with 14,510 TEUs in October.
