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Port Progress: Significant Yearly Advances in Imports and Exports 🚢📈 U.S. ports, particularly the Port of Los Angeles and the Port of Savannah, have exhibited strong annual growth despite some sequential declines due to the Lunar New Year impact. The Port of Los Angeles led with a notable 19.3% increase in imports year-over-year, while Savannah's imports jumped by 23.9%, reflecting robust trade activity even amidst global logistical challenges. #Logistics #SupplyChain #Import #Export #Trade #PortOfLosAngeles #PortOfSavannah #EconomicGrowth #Freight #ShippingIndustry 🔗 Port Roundup: Strong Annual Growth Across the Board https://lnkd.in/eE2NdPSz

Port Progress: Significant Yearly Advances in Imports and Exports 🚢📈 U.S. ports, particularly the Port of Los Angeles and the Port of Savannah, have exhibited strong annual growth despite some sequential declines due to the Lunar New Year impact. The Port of Los Angeles led with a notable 19.3% increase in imports year-over-year, while Savannah's imports jumped by 23.9%, reflecting robust trade activity even amidst global logistical challenges. #Logistics #SupplyChain #Import #Export #Trade #PortOfLosAngeles #PortOfSavannah #EconomicGrowth #Freight #ShippingIndustry 🔗 Port Roundup: Strong Annual Growth Across the Board https://lnkd.in/dY7nm93z

Port Progress: Significant Yearly Advances in Imports and Exports 🚢📈 U.S. ports, particularly the Port of Los Angeles and the Port of Savannah, have exhibited strong annual growth despite some sequential declines due to the Lunar New Year impact. The Port of Los Angeles led with a notable 19.3% increase in imports year-over-year, while Savannah's imports jumped by 23.9%, reflecting robust trade activity even amidst global logistical challenges. #Logistics #SupplyChain #Import #Export #Trade #PortOfLosAngeles #PortOfSavannah #EconomicGrowth #Freight #ShippingIndustry 🔗 Port Roundup: Strong Annual Growth Across the Board https://lnkd.in/eE2NdPSz

Port roundup: Strong annual growth across the board "Port of LA and Port of Savannah see double-digit growth in imports" - Lunar New Year has had an impact on US ports for weeks after the holiday - Despite sequential declines in imports, port figures across the board are holding up compared to the previous year - Port of Los Angeles handled 743,417 twenty-foot equivalent units during March, which was down 4.9% month over month but 19.3% higher than March 2023 - Over half of the TEUs handled were loaded imports, and the port continues to show year-over-year growth in loaded imports - Ports of Long Beach and Savannah handled 654,082 TEUs and 216,033 TEUs in March, respectively - The Port of Savannah handled 211,033 loaded import TEUs, an increase of 23.4% y/y - Exports were down year over year, but they grew sequentially. https://lnkd.in/ghBQ-9xy

March was another strong month for U.S. import container volumes despite time impact of the Chinese Lunar New Year in the second half of the month. To learn more, go to Descartes Global Shipping Report for April: https://lnkd.in/ePzr58Yd. #globalshipping #globallogistics #globalsupplychains #globaltrade

Asia to Europe container exports surge to 16.5 million TEUs in 2023   According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached 16.58 million TEUs in 2023.   The Japan International Freight Forwarders Association (JIFFA) stated that this marked a 7.8% increase from the previous year and brought the figures back to pre-pandemic levels seen in 2019.   By origin, containers from China swelled 9.5% to 12.5 million TEUs, leading the overall outbound container movement. Those from Northeast Asia were brisk as well, accomplishing a double-digit improvement of 12.1% to a total of 1.83 million TEUs. On the other hand, containers from Southeast Asia fell 3.7% to 2.24 million TEUs.   By destination, container exports from Asia increased across the board. To Europe, they went up 1.4% to 10.22 million TEUs; to the Western Mediterranean, 11.4% to 3.01 million TEUs; and to the Eastern Mediterranean, 28.9% to 3.35 million TEUs.   Meanwhile, imports from Europe to Asia totaled 6.47 million TEUs last year, which fell 3.5% from 2022 and have remained on a downward trend for three consecutive years.   By origin, containers from North Europe declined 5.1% to 4.53 million TEUs and from the Western Mediterranean, 5.2% to 1.02 million TEUs, but those from the Eastern Mediterranean climbed 4.5% to 916,708 TEUs.   By destination, imports to China waned 6.6% to 3.2 million TEUs and to Northeast Asia, 12.1% to 1.38 million TEUs; however, those to Southeast Asia picked up 8.7% to 1.9 million TEUs.   Source: LFS Group Newsletter

Asia to Europe container exports surge to 16.5 million TEUs in 2023   According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), container exports from Asia to Europe reached 16.58 million TEUs in 2023.   The Japan International Freight Forwarders Association (JIFFA) stated that this marked a 7.8% increase from the previous year and brought the figures back to pre-pandemic levels seen in 2019.   By origin, containers from China swelled 9.5% to 12.5 million TEUs, leading the overall outbound container movement. Those from Northeast Asia were brisk as well, accomplishing a double-digit improvement of 12.1% to a total of 1.83 million TEUs. On the other hand, containers from Southeast Asia fell 3.7% to 2.24 million TEUs.   By destination, container exports from Asia increased across the board. To Europe, they went up 1.4% to 10.22 million TEUs; to the Western Mediterranean, 11.4% to 3.01 million TEUs; and to the Eastern Mediterranean, 28.9% to 3.35 million TEUs.   Meanwhile, imports from Europe to Asia totaled 6.47 million TEUs last year, which fell 3.5% from 2022 and have remained on a downward trend for three consecutive years.   By origin, containers from North Europe declined 5.1% to 4.53 million TEUs and from the Western Mediterranean, 5.2% to 1.02 million TEUs, but those from the Eastern Mediterranean climbed 4.5% to 916,708 TEUs.   By destination, imports to China waned 6.6% to 3.2 million TEUs and to Northeast Asia, 12.1% to 1.38 million TEUs; however, those to Southeast Asia picked up 8.7% to 1.9 million TEUs.   Source: LFS Group Newsletter

Interesting to learn that export from Asia to Europe jumped 7.8% when EU economy grew by only 06% in 2023. Also interesting to note that China's export volume of 12.5 millions were 6 times SE Asia volume of 2.24 millions Teu - even though many have reported how factories have moved out from China to SE Asia. Even more interesting that import to China dropped by 6.6% to 3.2 millions Teu - while SE Asia import increased to 1.9 millions TEU. The disparity of volume comparison between export and import volume between China and SE Asia is perhaps an indication of the strength of manufacturing sector between the 2 regions. What is your opinion? #worldtrade #containershipping #chinaeconomy #southeastasia #cargo #freightforwarding

US container import volume in February dropped by 6% compared to January. Despite the month over month decrease, February had a 23.3% year over year increase from 2023. This large increase is due in part to Chinese Lunar New Year which began on February 10th this year compared to January 22nd last year. The holiday includes 8 days off of work, which could lead to decreases in import volumes in March and April. Article by - Joe Antoshak - FreightWaves #containershipping #import #chineselunarnewyear

https://lnkd.in/eFbGQ-HT Descartes Datamyne's Global Shipping Report - March Update - is now available! "In March 2024, U.S. container import volumes increased 0.4% from February, but jumped 15.7% when compared to the same month last year, indicating exceptional growth when considering the impact of the Chinese Lunar New Year on the second half of March. Compared to February 2024, imports from China continued to decline because of the Chinese Lunar New Year, reflected by a significant volume loss at the Port of Los Angeles for the second consecutive month. Port transit delays continue to improve as the drought in Panama and Middle East conflict have yet to impact East and Gulf Coast ports. April’s update of logistics metrics monitored by Descartes Systems Group show that the first quarter of 2024 has been a strong start for U.S. container imports; however, concerns around global supply chain performance are still expected throughout the year because of ongoing conditions at the Panama and Suez Canals, upcoming labor negotiations at U.S. South Atlantic and Gulf Coast ports, Middle East conflict, and the impact of the Baltimore Bridge collapse which remains to be fully reflected in U.S. container import volume data." #import #export #tradedata #billsoflading #container #logistics #logisticstech