The latest market insights from Xeneta reveal significant shifts in ocean freight rates, driven by evolving trade patterns and tariff policies.
Spot rate surge from Southeast Asia to U.S. West Coast
As of April 25, 2025, average spot rates for shipments from Southeast Asia to the U.S. West Coast have risen to $2,890 per FEU, surpassing the $2,709 per FEU rate from China. This marks a notable shift from March 31, when the rate difference was a mere $7. The current spread of $181 underscores the increasing cost of importing from Southeast Asia compared to China.
Vietnam’s export costs overtake China’s export costs
On March 16, importing into the U.S. West Coast from China was more expensive than from Vietnam. By April 25, this trend reversed:
- China to U.S. West Coast: $2,709 per FEU
- Vietnam to U.S. West Coast: $2,774 per FEU
This change reflects a strategic shift by shippers, who are accelerating imports from Vietnam during a 90-day pause on reciprocal tariffs, while reducing exports from China due to tariff uncertainties.
These developments highlight the dynamic nature of global trade and the significant impact of tariff policies on shipping routes and costs.
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Source: Xeneta
