News
Container exports from 10 major Asian economies to the U.S. amounted to 1,473,191 TEUs in June (based on volumes at ports where containers are loaded), according to statistics compiled 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 12.9% from a year earlier, remaining on a downward trend for 11 months in a row, although they improved 0.1% from a month earlier.
By origin, exports from China plummeted 16.8% to 844,700 TEUs, staying on the wane for 10 straight months. Those from South Korea were down 10.5% to 154,134 TEUs; from Vietnam, down 5.6% to 147,107 TEUs; and from Taiwan, down 3% to 78,480 TEUs. In contrast, shipments from India swelled 5.7% to 62,295 TEUs, while those from Japan picked up 0.8% to 33,319 TEUs.
In the first half (January-June), Asia’s exports to the U.S. totaled 8,171,160 TEUs, which sank 21.8% year on year. By origin, those from China went down 25.2% to 4,652,731 TEUs; from South Korea, down 11% to 942,301 TEUs; from Vietnam, down 19.8% to 731,472 TEUs; from Taiwan, down 20.7% to 428,216 TEUs; and from Singapore, down 10.1% to 376,802 TEUs. Japan’s exports were not brisk, either, sliding 9% to 183,167 TEUs.
Meanwhile, overall imports to the U.S. came to 2,080,505 TEUs in June, which shrank 14.6%, of which those from Asia accounted for 70%. In January-June, they aggregated 11,840,757 TEUs, which declined 19.3%, 69% from which were shipped from Asia.
The U.S.’ exports to the 10 Asian countries and regions amounted to 452,316 TEUs in May (based on volumes at destinations), which waned 11.9%. In January-May, they totaled 2,339,939 TEUs, which increased 0.5%.
