News
Eighteen Asian economies exported a total of 1.372 million TEUs of containerized shipments to the U.S. in October, growing 9.4% year on year and establishing a new October record for the second consecutive month, according to a report released by the Japan Maritime Center (JMC). In the first 10 months (January-October), export containers totaled 12.315 million TEUs, increasing 6.1%. If eastbound container movement is as brisk as a year earlier in November and December, it is projected that a new yearly record will be made.
Looking at the volume of containers moved in October by destination, the JMC report, which was compiled from statistical data provided by the U.S.’ Port Import/Export Reporting Service (PIERS), indicated that those from China improved 11.3% to 906,000 TEUs. On the other hand, shipments from Hong Kong were not robust, waning 4.4% to 37,000 TEUs. The combined volume of those from China and Hong Kong rose 10.6% to 942,000 TEUs, enjoying a year-on-year rise for eight months in a row.
Exports from Japan, South Korea and Taiwan all remained favorable, going up 1% to 57,000 TEUs; up 11.3% to 71,000 TEUs and up 11.9% to 71,000 TEUs, respectively.
Containers from Southeast Asia swelled 6.4% to 178,000 TEUs, registering an increase from a year earlier for six straight months, while those from Asia inflated 6.4% to 70,000 TEUs, an improvement for four consecutive months.
