Containerized export volumes from South and Central America declined again in March, with the exception of exports to the Indian subcontinent and the Middle East, which saw significant growth, according to data from Container Trades Statistics, Ltd. Exports in all other trade lanes remained flat or fell this month.
South and Central America to Far East Asia
South and Central America exported 107,500 20-foot-equivalent units to Far East Asia in March 2013, down 3.5 percent from the volume in March 2012. Volume has declined in 11 of the past 12 months. Exports did rise 10 percent month-to-month, from 97,600 TEUs in February. Through March 2013, South and Central American exports to Far East Asia are down 1.3 percent year-over-year to 316,500 TEUs. Rates in this market as indexed by CTS slipped one point to 81 in March.
South and Central America to Australasia/Oceania
Exports from South and Central America to Australasia/Oceania fell 4.3 percent in March 2013 to 2,200 TEUs from 2,300 in March 2012, but remained flat from February 2013. In the first three months of 2013, exports from South and Central America to Australasia/Oceania increased 1.4 percent year-over-year, to 7,000 TEUs. The CTS index of rates in this trade lane stayed at 99 in March.
South and Central America to Europe
South and Central America exported 144,800 TEUs to Europe in March 2013, down 6 percent year-over-year but up 14.8 percent month-to-month. Exports were at their highest volume this month since March of last year, when the region exported 153,900 TEUs to Europe. In the first quarter of this year, exports from South and Central America to Europe fell by 5.6 percent year-over-year to 387,600 TEUs. Rates in this market as tracked by CTS jumped 4 points to 102 in March, the first time it has been above 100 since the JOC began collecting this data in January 2009.
South and Central America to the Indian Subcontinent and the Middle East
Containerized trade from South and Central America to the Indian subcontinent and the Middle East climbed to 29,200 TEUs in March 2013, the highest volume in this lane since July 2011. Volume was up 13.6 percent compared to March 2012, and roughly 50 percent higher than the 19,500 TEUs exported in February 2013. Exports from South and Central America in this lane during the first three months of 2013 increased 2.3 percent year-over-year to 67,000 TEUs. The CTS index slipped from 103 in February to 101 in March.
South and Central America to North America
Containerized trade in this lane fell 6 percent year-over-year but jumped 20.4 percent month-to-month to 134,500 TEUs in March 2013. This was the first single-digit year-over-year drop since August 2012. Thus far in 2013, exports from South and Central America fell 11.3 percent below the level seen in the same three months of 2012, to 354,700 TEUs. The CTS price index inched up one point to 82 in March.
South and Central America to Sub-Saharan Africa
Containerized trade was even year-over-year in March 2013 at 21,700 TEUs, breaking a nine-month string of declines. Volume was up 35.6 percent month-to-month from February, when the region exported 16,000 TEUs to Africa. During the first quarter, exports from South and Central America to sub-Saharan Africa dropped 10 percent year-over-year, to 55,100 TEUs. The index of rates in this market dipped one point to 86 in March.