News
Container exports to the U.S. from 18 Asian countries and regions amounted to 1,254,827 TEUs in February, which plunged 29.2% from the same month of 2022 and have decreased year on year for six months in a row, the Japan Maritime Center (JMC) has announced. In the first two months (January-February), they totaled 2,766,942 TEUs, which plummeted 23.4% from a year earlier.
In February, exports from China, South Korea and Taiwan all declined, down 35.8% to 690,212 TEUs, down 5.3% to 80,982 TEUs and down 29.6% to 46,928 TEUs, respectively, according to the JMC, which has compiled a report from data provided by the Journal of Commerce (JOC)'s Port Import/Export Reporting Service (PIERS). Those from Japan, in contrast, rebounded as they have stayed at low levels since last year, improving a mild 2.7% to 48,233 TEUs. However, auto parts and components, major products that Japan exports to the U.S., remained weak.
Containers from Southeast Asia shrank 21.8% to a total of 290,175 TEUs in February, due to negative growth registered by most nations. Holding the largest share, those from Vietnam sank 22.8% to 147,943 TEUs. Outbound shipments were sluggish from Thailand, Indonesia and Malaysia as well, which went down 17.8% to 56,028 TEUs, down 24.9% to 31,264 TEUs and down 21% to 23,980 TEUs, respectively.
South Asia's exports amounted to an aggregated 93,732 TEUs, which fell 18.3% owing to decreased in those from all countries in the region. Shipments from India, for example, shrank 14.6% to 72,633 TEUs.