Amid the focus on wars in Europe and the Middle East, North Korea’s threat to key exporting and shipbuilding nations grows.
Now that supply chains are back to normal, the typical effects of seasonality have returned, bringing U.S. imports up.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
A fifth of U.S. containerized imports come from Europe. Shipping on this route remains much more expensive than it used to be.
The port of Savannah imported more than 200,000 TEUs in September, and truckload volumes in Denver plunged to a two-year low.
Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
U.S. rail traffic rose 14% in March amid higher grain and intermodal volumes. But some commodities are also reflecting uneven year-over-year comparisons because of the pandemic-induced volume downturn that began in late March 2020.
The U.S. is experiencing an import surge.
After adjusting for Lunar New Year distortions, the growth rate for Chinese exports to the U.S. in November was the lowest since January 1996.
China’s exports to the U.S. contracted last month. Even so, slowing U.S. exports to its trade rival saw China’s trade surplus with the U.S. widen.
September saw China record its lowest monthly export growth to the U.S. since 1996 as the trade war inflicted more damage.
