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Asia to US box movement slows down

According to U.S. research company Descartes Datamyne, container movement from Asia to USA fell in February for the first time in 24 months. Boxes to the U.S from 10 Asian countries and regions decreased by 5.5%, which translates to 1.235.684 TEUs in February. It’s a result of the trade war between the two global giants, America and China.

Inbound containers from the U.S. to Asia were also less in January, falling 4.1% to 411.748 TEUs, due to declines in waste paper and wood imports to China. From the other hand, containers to South Korea and Japan both increased.

Looking at containers exported from Asia in February by country/region of origin, the Descartes Datamyne statistics, compiled with Automated Commercial Environment (ACE) and bill of lading (B/L) data provided by the U.S. Customs and Boarder Protection (CBP), indicated that those from China plunged 12.9% to 729,599 TEUs, posting the first year-on-year decline in six months, but managed to enjoy the largest share of the pie. China was followed by South Korea, from which 131,728 TEUs were exported, up 8.8%, marking a year-on-year rise for the 12th month in a row. Finishing in third place, shipments from Vietnam jumped 17.3% to 75,625 TEUs. Ranked fourth were those from Hong Kong, which soared 16.8% to 71,462 TEUs. On the other hand, containers from Taiwan diminished 13.9% to 54,246 TEUs, coming in fifth place. Exports from Japan sank 3.7% to 43,291 TEUs, ranking seventh, but including transshipment (T/S) containers, total throughput remained nearly unchanged from a year earlier, hiking a minute 0.2% to 53,423 TEUs.

 

Source: JIFFA

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