Containerized exports from North America to Far East Asia were down roughly 7 percent in April 2013, according to data from Container Trades Statistics Ltd. This was the second consecutive year-over-year decline and the third in the first four months of 2013 in this lane. Journal of Commerce Economist Mario Moreno is expecting growth in the westbound trans-Pacific container trade this year to be below 4 percent.
North America to Far East Asia
North American exports to Far East Asia fell to 637,900 20-foot-equivalent units in April 2013, down 8 percent from the volume in March 2013. The year-over-year drop followed the current trend in this lane. In the past year, there were 10 months with year-over-year declines, and in seven the volume declined by more than 10 percent year-over-year. In the first four months of 2013, export volume fell 3.3 percent year-over-year, to 2,634,300 TEUs. The CTS rate index rose 3 points to 87 in April.
North America to Australasia/Oceania
Containerized trade from North America to Australasia/Oceania increased to 26,400 TEUs in April 2013, up 4.8 percent year-over-year but down 0.4 percent below March 2013. This was the first year-over-year increase so far in 2013 in this lane. Exports from North America to the region through April 2013 totaled 102,900 TEUs, down 1.1 percent year-over-year. The CTS index remained at 94 in April.
North America to Europe
Exports from North America to Europe inched up 0.8 percent year-over-year to 233,200 TEUs in April 2013. Export volume fell 7.5 percent from March. In the first four months of 2013, exports from North America to Europe increased 0.7 percent year-over-year, to 932,600 TEUs. The CTS index of rates in this trade lane slipped from 96 in March to 95 in April.
North America to the Indian Subcontinent and the Middle East
Containerized trade in this lane in April increased 4.1 percent year-over-year to 93,200 TEUs. However, the volume fell 5.8 percent month-to-month. Through April 2013, exports from North America rose 1.8 percent from the level seen during the same period in 2012, reaching 357,700 TEUs. The CTS price index climbed 1 point to 84 in April.
North America to South/Central America
North American exports to South and Central America increased roughly 1 percent from the level seen in April 2012, but fell 3.8 percent from March of this year. This was the second straight year-over-year increase in this lane, following six months of declines. In the first four months of 2013, exports from North America in this lane fell 3.7 percent year-over-year to 646,800 TEUs. Rates as tracked by CTS rose 1 point to 106 in April.
North America to Sub-Saharan Africa
Containerized trade from North America to sub-Saharan Africa soared 18.4 percent year-over-year and jumped 11 percent month-to-month in April 2013 to 33,500 TEUs. The last time volume in this lane increased year-over-year by double digits was last May, when volume jumped 11.3 percent. Thus far in 2013, exports from North America to sub-Saharan Africa are up 2.4 percent from the same four months in 2012, to 117,400 TEUs. Rates in this market slid 2 points down to 82 in April.