News
Container imports to the U.S. from Asia have continued to grow over the last seven years despite the introduction of import tariffs in the U.S. since 2018. Overall cargo trade grew 3.5% on a compounded basis in the meantime, with all Asian origins recording positive increases, including China that posted a rise of 0.8% during the period.
Although China’s share in overall U.S. imports from Asia has, however, decreased from 70.4% in 2017 to 58.9% in 2024, it has remained the largest origin of containerized cargo to the U.S. Other Asian origins have recorded mixed performances. Vietnam, South Korea, Thailand and Cambodia have all enlarged their market shares from 6.9% to 14.3%, from 5% to 7%, from 3.4% to %5.4% and from 0.3% to 1.3%, respectively.
On the other hand, Japan, Taiwan and the Philippines have seen their market shares shrink from 4.1% to 3.4%, from 3.9% to 3.3% and from 0.8% to 0.7%, respectively, while Indonesia, Malaysia and Myanmar have only recorded marginal gains from 2.45 to 2.7%, from 1.9% to 2.2% and from 0% to 0.1%, respectively, as they have failed to capitalize on China’s losses during the last seven years.
