News
Outbound containers to the U.S. from 10 major countries and regions in Asia plunged 19.3% from a year earlier to 1,156,985 TEUs in May due to double-digit decreased registered in those from China, Vietnam, India and others, according to statistics released by American research company Descartes Datamyne. In the first five months (January-May), 5,898,973 TEUs were moved on the route, down 9.3%.
In May, the Descartes Datamyne statistics, compiled from Automated Commercial Environment (ACE) and bill-of-lading (B/L) data provided by the U.S. Customs and Border Protection (CBP), indicated that exports from China plummeted 15.4% to 710,259 TEUs, incurring a year-on-year decline for the 16th consecutive month. From a month earlier, however, they improved 5.5%. Those from South Korea fell a more notable 20.1% to 127,634 TEUs. Vietnam exported 74,770 TEUs, down 16.1%, suffering the first year-on-year contraction in 18 months. Containers from Taiwan sank 20.6% to 71,312 TEUs. Shipments from Japan waned 44.1% to 22,055 TEUs, while those from India contracted a more significant 58.6% to 21,860 TEUs. In contrast, Thailand was the only economy of the 10 to enjoy a year-on-year increase, exporting 34,504 TEUs, up 7.7%.
