Overall growth in containerized Asian trade has been at a snail’s pace, with imports through the U.S. West Coast via Asian ports in the 12 months to March 2012 declining 1.1 percent to 8.7 million 20-foot equivalent units. West Coast exports to Asian ports increased 4.1 percent to 4.6 million TEUs over the same period.
Amid struggling imports, which represent 65.5 percent of the overall West Coast container trade via Asian ports, the monthly data represented in the accompanying charts illustrate a five-year high in March 2012 export growth.
APL led West Coast exports in the 12-month period, with 10.8 percent of the trade and a 4.3 percent gain, while Maersk Line led West Coast imports with 9.5 percent of the trade and a 5.4 percent gain year-over-year.
Mainland China remains the No. 1 West Coast trading partner with 36.5 percent of the export trade and 65.8 percent of the import trade. Japan, the No. 2 partner, held 15.8 percent of the export trade and 5.8 percent of the import trade.
Los Angeles-Long Beach handled 64 percent, or 2.9 million TEUs, of the U.S. West Coast exports to Asian ports in the 12 months ending in March, an increase of 3.7 percent from the prior 12-month period. The two ports handled 77.5 percent, or 6.7 million TEUs, of the West Coast import trade from Asia, with flat growth. The top two direct load ports of Shenzhen and Shanghai held 42.9 percent, or 3.7 million TEUs, of the import trade in the current period, off 1.8 percent from a year earlier.
Overall U.S. container trade with Asian countries increased 1.6 percent to 19.3 million TEUs in the 12 months ending in March compared to the prior 12-month period, according to JOC sister company PIERS. U.S. exports to Asian countries grew 5.7 percent to 6.8 million TEUs, while U.S. imports, representing 64.9 percent of the trade, dipped 0.5 percent to 12.5 million TEUs.
Maersk Line led U.S. exports to the region with a 10.5 percent share of the trade and a 15.4 percent gain over the prior period. The Danish carrier, the world’s largest, also led imports with 10.6 percent of the trade and a 5.7 percent gain.
Mainland China remains the No. 1 trading partner with 39.2 percent of the export trade and 64.1 percent of the import trade. Japan, the No. 2 export partner, accounted for 12.6 percent of the trade. South Korea was third, holding 5.3 percent of the trade.
Los Angeles-Long Beach handled 42.7 percent, or 2.9 million TEUs, of the U.S. exports to Asian countries in the 12 months ending in March, up 4 percent over the previous 12 months. The two ports held 53.6 percent, or 6.7 million TEUs ,in import trade, down 0.1 percent. The top two direct load ports of Shenzhen and Shanghai held 41.3 percent, or 5.2 million TEUs, of the import trade in the current period, off 1.2 percent from the prior period.
Contact Marsha Salisbury at firstname.lastname@example.org.