Imports Down from May, Up From Last Year, Zepol Says
Zepol said U.S. import shipment volume for June, measured in TEUs, was down 3.7% from May, but is up 4.4% from June of 2011. As a result, it said Q2 of 2012 topped last year by 4.7%. Despite the drop…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
from last month, June had the second highest TEU imports so far this year, outdoing January by a slight 1%, its market intelligence report said. Most Asian countries had a minor drop in shipments to the U.S. -- China decreased by 0.03% from May and the figures were similar for South Korea and Japan, it said. Germany dropped 12.9% from May, but Brazil (14.3%) and Chile (7.2%) both rose in exports to the U.S.. The ports of Los Angeles and Long Beach decreased in imports from May by 5% and 3.7%, respectively. The Port of Seattle had the highest import increase of the top ten, 2.2%. Zepol said most VOCCs (vessel operating common carriers) were down in TEU imports in June. Maersk Line had a 6.6% decrease in imports, and Mediterranean Shipping Company dropped 8.6%. But China Ocean Shipping Company and Orient Overseas Container Line both rose over 8% from May.