News
Container exports from 18 Asian countries and regions to the U.S. shrank 8.9% 1,625,097 TEUs in October, which have decreased year on year for two back-to-back months, according to the Japan Maritime Center (JMC). In January-October, 18,238,072 TEUs were moved on the route, which improved 3.7%, the JMC says in reference to data from the Journal of Commerce (JOC) magazine' Port Import/Export Reporting Service (PIERS). It is projected that annual throughput will stand on par with that in 2021.
Looking at October exports by origin, those from China diminished 19.7% to 870,970 TEUs, but those from South Korea swelled 13.2% to 96,153 TEUs. Exports from Taiwan slid 24.1% to 62,092 TEUs, but those from Japan jumped 25.4% to 53,213 TEUs. The notable growth in exports from Japan was made by increased in auto parts/components and rubber/rubber products, all of which are major export items from Japan, and a rebound from a significant decrease marked a year earlier.
Exports from Southeast Asia were brisk, surging 22.2% to 415,251 TEUs. Holding the leading share, those from Vietnam were even more massive, soaring 28.6% to 199,279 TEUs. Those from Thailand jumped 27.4% to 85,769 TEUs; from Indonesia, 9% to 46,873 TEUs; and from Malaysia, 26% to 37,941 TEUs.
From South Asia, 121,584 TEUs were exported, which waned 4.9% in total. Containers from India, however, picked up 4.1% to 91,045 TEUs. Those from Bangladesh were favorable, rising 7.2% to 13,729 TEUs.
