News
Exports to the U.S. from 10 countries and regions in Asia ballooned 18.5% from a year earlier to 1,541,444 TEUs in December 2018 and posted a year-on-year increase for the 22nd month in a row, according to statistics unveiled by American research company Descartes DataMyne. In January-December, they grew 7.8% from 15,611,506 TEUs to a new yearly record of 16,837,028 TEUs.
Compiled from Automated Commercial Environment (ACE) and bill of lading (B/L) data provided by the U.S. Customs and Boarder Protection (CBP), the statistics indicated that imports from the U.S. to Asia, meanwhile, plunged 14.2% to 468,592 TEUs in November 2018, resulting from decreases in waste paper, timber and lumber, and plastic destined to China. In the first 11 months (January-November), they fell 1.7% to 5,531,323 TEUs.
Looking at containers traded between Asia and the U.S. in 2018 more closely by Asian economy, Descartes DataMyne said that those to and from China swelled 8.1% to 10,498,466 TEUs in total, holding the largest share of the pie. Ranked second were those to and from South Korea, which surged 17.8% to 1,807,284 TEUs. They were followed by containers to and from Taiwan, which rose 1.1% to 890,010 TEUs. Those to and from Vietnam soared 17.5% to 801,782 TEUs, finishing in fourth place. In contrast, containerized shipments to and from Hong Kong fell 6.2%, coming in fifth. The sixth greatest trade partner to the U.S. was Singapore, which exported and imported 626,657 TEUs, down 0.9%. Japan.
