International Trade News

China’s containerized exports for February leapt 17.5 percent to 8.6 million 20-foot containers as strong foreign trade and a late Chinese New Year pushed up volumes leaving its ports.

cosmetics in story in Shenzhen
While the growth pace of overall U.S. trade is slowing, perishables trade expansion is “significantly faster,” World City President Ken Roberts said at the JOC's 15th annual TPM Conference.

Gridlock-Big Ships panel at TPM Conference
Don’t blame ocean carriers and bigger container ships for congestion at key ports; blame insufficient investment in equipment, dredging and automation at U.S. marine terminals, speakers said at the 15th annual TPM Conference in Long Beach.

Mario Moreno
U.S. containerized imports in 2015 will increase a paltry 1.7 percent, dragged down by West Coast port congestion, JOC Economist Mario Moreno told the 15th annual TPM Conference in Long Beach on Monday.

The top 20 Chinese ports had a throughput of 15.5 million 20-foot containers in January, with Shanghai and Shenzhen terminals handling almost half of them, according to Shanghai Shipping Exchange data.

Trade between China and Iran has been growing at almost 40 percent a year since 2012, driven by rapidly rising consumer demand, according to a Seabury Group study.

The five largest U.S. border crossings by truck increased truck volume 4 percent in 2014, with Laredo, the largest truck crossing point, processing 5.5 percent more trucks than in 2014.

Ambassador Bridge
The U.S. and Canada cleared a big hurdle to building a second span over the Detroit River, a critical crossing and sometime choke-point for cross-border trade.

Japan’s energetic farm-export drive is bearing fruit, as the country’s overseas shipments of agricultural, fishery and forestry products mushroomed 11.1 percent in 2014 from the previous year to a record high of 611.7 billion yen (US $5.14 billion).

After three years of negotiations, Japan and Mongolia have signed a free trade agreement, paving the way for the trade pact to take effect later this year or early in 2016.