US boxed exports up 2.3pc in January as north Asia spending tops all

2012 03 30


CONTAINERISED exports from the United States grew by 2.3 per cent in the month of January at 1.4 million TEU buoyed by solid growth in Asian markets to offset losses to Europe, a 3.1 per cent increase on same month in 2011.

Shipments of soybeans were up 37 per cent or 5,034 TEU; meat, 28 per cent or 3,870 TEU; mixed scrap metal, 16 per cent or 3,679 TEU, and paper and paperboard up four per cent or 6,026 TEU. Export groups of fabrics including raw cotton, dropped 30 per cent (14,522 TEU) and synthetic resins a steeper decline of 48 per cent or 10,867 TEU.

Regionally, exports to northeast Asia led the growth at six per cent increase (24,798 TEU) followed by Caribbean growth of 22 per cent (7,479 TEU) while southeast Asia was up at seven per cent (6,125 TEU).

The petrochemical sector increased demand for oil field equipment in Taiwan at 15,219 TEU, a 30 per cent increase year over year of 65,148 TEU; China at 9,266 TEU, a four per cent increase; India up 25 per cent (6,057 TEU) and Vietnam up 21 per cent (3,385 TEU).

A decline of exports to the Mediterranean was attributed to a fall in demand for fabrics including cotton, paper and paperboard, as well as logs and lumber reflected in a decline of 15 per cent to a total of 47,293 TEU. Shipments to northern Europe slipped four per cent to 109,183 TEU due to dampening of demand.

Exports to Brazil declined 12 per cent and exports to Turkey dropped 13 per cent.

Source Shipping Gazette - Daily Shipping News
 

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