US January imports increase 4.1pc, growth led by furniture and auto parts

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CONTAINERISED imports to the United States grew by 4.1 per cent in the month of January at 1.5 million TEU, a 11 per cent increase month over month from December attributed to furniture and auto sales surge.

During the month imports increased for the third consecutive month due to car part shipments up 19 per cent at around 56,600 TEU and home sales furniture at 167,300 TEU up six per cent, according to PIERS.

Menswear imports declined by 10 per cent in January against footwear growth of four per cent, according to Piers data figures.

During the month of February imports from Asia and China were up 2.9 per cent and two per cent respectively. But the meagre increase of 2.5 per cent forecast in US imports from Asia during the whole of 2012 is stark against those imports from Mexico in January at 68 per cent increase alone.

Import cargo is expected to increase by 10 per cent to 1.2 million TEU in March year on year across the US ports followed by Global Port Tracker, according to National Retail Federation it follows a slow month in February.

February is predictably a slow month reaching 1.1 million TEU, a decline of 4.2 per cent year on year. The month reported declines for west coast ports of Los Angeles and Long Beach of 5.3 per cent and 15.2 per cent respectively.

Source Shipping Gazette - Daily Shipping News

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