News
Zepol Corporation, Minneapolis-based trade intelligence company, has reported that U.S. import shipment volume for July, measured in TEUs, increased 9% from June and 10.8% from July of 2011. July saw the highest volume of imports seen in one month since August of 2010. Typically, imports are highest in July and August due to retailers gearing up for the holiday bustle, but this July shows an unusually big jump. The expectations for this holiday season may be higher than in recent years.
According to Zepol, eight of the top ten countries exporting to the U.S. saw record-high export volumes for the year, Taiwan and Hong Kong being the exceptions. Imports into the U.S from Germany increased by over 20% from June, after a 13% drop in the previous month. Similarly, imports from China rose by nearly 6% and South Korea by 10%. Conversely, Brazil is one of the few countries that saw a drop in exports bound for the U.S., decreasing by over 7% from June.
