The volume of containerized exports from South and Central America to North America in May climbed to its highest level since October 2011, according to data from Container Trades Statistics, Ltd. Latin American exports increases in almost all trade lanes, with the exception of a large decline to sub-Saharan Africa.
South and Central America to Far East Asia
South and Central America exported 116,500 20-foot-equivalent units to Far East Asia in May 2013, up 8.4 percent from the volume in May 2012. This is only the third increase in this lane in 12 months. Exports also rose 4.3 percent month-to-month, from 111,700 TEUs in April. Through May 2013, South and Central American exports to Far East Asia are up 4 percent year-over-year to 551,200 TEUs. Rates in this market as indexed by CTS fell 1 point to 79 in May.
South and Central America to Australasia/Oceania
Exports from South and Central America to Australasia/Oceania increased 4.2 percent to 2,500 TEUs from 2,400 in May 2012. Exports were unchanged from April 2013. In the first five months of 2013, exports from South and Central America to Australasia/Oceania increased 5.3 percent year-over-year, to 12,000 TEUs. The CTS index of rates in this trade lane rose 1 point to 93 in May.
South and Central America to Europe
South and Central American exports to Europe experienced the smallest percentage increase for a second straight month in May, rising 1 percent from the previous year to 139,300 TEUs. The volume of exports dropped 3.7 percent month-to-month. Through May of this year, exports from South and Central America to Europe were down 2.8 percent year-over-year to 671,700 TEUs. Rates in this market as tracked by CTS fell 3 points to reach 100 in May, the third straight month in triple digits.
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 25,600 TEUs in May 2013, up 13.3 percent compared to May 2012, but down 6.2 percent from the 27,300 TEUs exported in April 2013. Exports from South and Central America in this lane during the first five months of 2013 increased 7.8 percent year-over-year to 120,000 TEUs. The CTS index remained flat at 101 in May.
South and Central America to North America
Containerized trade in this lane increased 8.4 percent year-over-year and 3.5 percent month-to-month to 146,800 TEUs in May 2013. This was the second straight year-over-year increase, following eight months of declines. Thus far in 2013, exports from South and Central America are 4.5 percent below the level seen in the same period of 2012, at 643,400 TEUs. The CTS price index slipped three points to 81 in May.
South and Central America to Sub-Saharan Africa
Containerized trade to sub-Saharan Africa tumbled 19.6 percent in May, to 19,300 TEUs. Nine of the past twelve months have seen double-digit year-over-year decreases. Volume was also down 3.5 percent month-to-month from April. In the first five months of 2013, exports from South and Central America to sub-Saharan Africa dropped 12 percent year-over-year, to 94,600 TEUs. The index of rates in this market was flat at 85 in May.