News
Japan's container exports to the U.S. amounted to 51,677 TEUs in February (based on volumes at ports of origin), up 8.4% year on year, according to Descartes Datamyne.
Direct shipments jumped 16% to 36,999 TEUs. Those transshipped on the way, in contrast, fell 6.8% to 14,678 TEUs, accounting for 28.4%, down from 33.1% in February 2023. They have continued to decrease their share for seven straight months. Containers transshipped in South Korea waned 6.1% to 9,782 TEUs; in China, 7.5% to 1,938 TEUs; and in Taiwan, a more notable 39.8% to 1,445 TEUs.
By port of origin, containers from Tokyo increased 16.1% to 17,081 TEUs; from Nagoya, 11.7% to 10,316 TEUs; and from Kobe, 12.8% to 7,537 TEUs. Those from Yokohama more than tripled, skyrocketing 216.9% to 1,334 TEUs, and have maintained triple-digit improvements since May 2023. On the other hand, containers from Shimizu plunged 42.2% to 295 TEUs.
Exports from Japan that were transshipped in South Korea and destined to the four East Coast states of Georgia, Virginia, South Carolina and Florida, which are linked with Yokohama in new services, amounted to 5,055 TEUs. They held a share of 53.3% of the pie, down by 1.6 percentage points.
