Container exports from ten major Asian economies to the U.S. reached 1.61 million TEUs in September, marking a 5.2% year-on-year growth, the first in 14 months, based on Descartes Datamyne data sourced from the U.S. Customs and Border Protection (CBP).
China – U.S.
China was the leading source of U.S.-bound shipments, exporting 942,548 TEUs, which increased 6%, its first year-on-year increase in 13 months. Those from Vietnam and Singapore were both favorable, swelling 0.2% to 153,604 TEUs and a more notable 14.7% to 75,904 TEUs, respectively.
In contrast, exports from South Korea, Taiwan and India were not, which decreased 0.7% 162,331 TEUs, 5.2% to 70,993 TEUs and 2.3% to 70,096 TEUs, respectively. Containers from Japan jumped 61.1% to 44,545 TEUs.
Asia’s exports
In January-September, Asia’s exports to the U.S. totaled 12.861 million TEUs, which plunged 17.2%. They were slightly higher than in the corresponding nine months of the pre-pandemic year of 2019.
U.S. imports aggregated 2.22 million TEUs in September (based on volumes at ports of origin), which picked up 0.6%.
Asian Economies
Container imports from the U.S. to the 10 major Asian countries and regions came to 431,302 TEUs in August, which shrank 5.6%.
Imports to China went down 1.1% to 129,507 TEUs; to Japan, down 17.3% to 49,717 TEUs; to South Korea, down 21.8% to 42,044 TEUs; to Taiwan, down 1.1% to 40,741 TEUs; and to India, up 7% to 41,336 TEUs.
In January-August, the 10 Asian nations imported a total of 3.6 million TEUs, which declined 1.5%.
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Source: JIFFA
