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U.S. Container Import Volume, Biggest Drop Since 2020

Views: 21     Author: Site Editor     Publish Time: 2022-10-24      Origin: Site

According to Descartes aggregated US Customs statistics, total imports to all US ports in September were 2,215,731 TEU, down 11% year-on-year and up 9% compared to September 2019.


U.S. Container Import Volume, Biggest Drop Since 2020


Compared to August this year, September imports were down by 313,311 TEU, the largest monthly drop since February 2020 when they plunged by 364,454 TEU.


Total US imports from China in September were down 22.7% year-on-year to 820,329 TEU and down 18.3% from August, the data showed.


U.S. Container Import Volume, Biggest Drop Since 2020-2


In addition, September imports at all three major US ports were down sharply compared to August.


According to data from the Port of Savannah, imports at the port fell 21.5% year-on-year in September, from 285,341 TEU to 223,966 TEU, a 23% drop compared to August.


A spokesperson for the Georgia Ports Authority (GPA) said: "Port cargo volumes were impacted by Hurricane 'Ian' in September and vessel service was suspended for approximately three days. Since then, the port has been handling the volumes, which will be reflected in the October figures."


The ports of Los Angeles and Long Beach also saw a significant drop in imports in September.


The Port of Los Angeles reported port container throughput of 709,873 TEU in September, down 21.5 per cent year-on-year. Of this, imports were 343,462 TEU, down 26.6 per cent year-on-year and 15.1 per cent from August. Exports were 77,680 TEU, up 2.6% year-on-year, while total empty containers handled were 288,731 TEU, down 19.8% year-on-year.


Regarding the October throughput forecast, Port of Los Angeles Executive Director Gene Seroka said that October volumes "will likely be about the same or slightly lower than September".


The Port of Long Beach reported September container throughput of 741,823 TEU, down 0.9 per cent year-on-year. Imports were down 7.4 percent to 342,671 TEUs, down 10.9 percent from August; exports were up 1.9 percent to 112,940 TEUs; and total empty containers handled were up 7 percent to 286,212 TEUs.


U.S. Container Import Volume, Biggest Drop Since 2020-3


Mario Cordero, executive director of the Port of Long Beach, blamed the drop in imports on inflationary concerns from consumers and the retail industry, "resulting in warehouses being stacked with inventory and fewer orders for goods from Asia".


Separately, statistics from the Southern California Maritime Exchange show that the number of container ships at berth at the ports of Los Angeles and Long Beach has fallen sharply so far this year, from 109 on January 9 to four on October 19, the lowest since October 2020.

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