News
Container exports from 10 major Asian economies to the U.S. amounted to 1,474,872 TEUs in May, based on volumes at ports of origin where container carriers are loaded with shipments, according to statistics complied by Descartes Datamyne from Automated Commercial Environment (ACE) and bill-of-lading (B/L) data provided by the U.S. Customs and Border Protection (CBP). They plunged 20.2% from a year earlier, although there was an improvement of 5.2% from a month earlier.
Exports from Asia severely decreased year on year across the board. Those from China decreased 18.8% to 862,170 TEUs; from South Korea, 17.5% to 154,937 TEUs; from Vietnam, 24.3% to 140,035 TEUs; from Taiwan, 29.9% to 70,877 TEUs; and from India, 24.7% to 65,092 TEUs. Containers from Japan plummeted 20.7% to 28,208 TEUs.
In January-May, they incurred a double-digit contraction of 23.5%, aggregating 6,702,041 TEUs.
Meanwhile, container imports to the U.S. totaled 2,105,259 TEUs last month, which shrank 18.8%. Those from Asia accounted for 70%.
