25.08.18US Container Imports from Asia Grow 1.2% in July

U.S. container imports from 10 major Asian economies amounted to 1.92 million TEUs in July (based on volumes at port of origin), up 1.2% year on year, according to Descartes Datamyne. From the previous month, however, they jumped 25%. In the first seven months (January-July), they totaled 11.77 million TEUs, up 3.5%. Overall imports to the U.S. added up to 2.62 million TEUs in July, up 2.5%.

Individually, U.S. imports from China fell 7.8% to 1.03 million TEUs but managed to hold the leading share of the pie. From a month earlier, they surged 40.4% due to strong demand in the busy season and an accumulation of last-minute demand resulting from tariffs.

Those from Vietnam went up 34.5% to 262,358 TEUs; from South Korea, down 6.6% to 208,438 TEUs; from India, up 30.7% to 87,768 TEUs; and from Singapore, up 5.5% to 78,228 TEUs.