Apr. 25 at 4:47 PM
Piers: In 2024, containerized US imports jumped +15.3% to 27.7M TEUs, while exports rose +0.9% to 11.3M TEUs
Manufactured goods, machinery & mechanical products and minerals rode atop the wave of imports, spiking +17.6%, +14.8% & +11.4%, respectively.
Goods were still pouring into the US in the first 3 months of 2025, with container imports rising +9.2% y/y, but retailers say the import wave is collapsing as the race to beat the US tariffs ends.
NRF The Global Port Tracker: forecasts imports to plunge -20.5% in May, -26.6% in June, -27% in July & -26.7% in August.
Inbound container shipments will fall -20% y/y in 2H25, which would result in a full-year decline of -15% or more, approximately equal to last year’s gain.
Bookings for US exports to China for the week of April 15 were down -5.4% from the prior week at 17,220 TEUs.
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