US Containerized Exports Jump 5 Percent

US Containerized Exports Jump 5 Percent

U.S. containerized exports through February 2013U.S. containerized exports through February 2013

U.S. containerized exports were up 5 percent in February 2013 compared to February 2012, reaching 1,011,874 20-foot-equivalent units, according to advance figures from PIERS, a JOC sister company. This is the largest year-over-year increase since June 2012 when exports jumped 9.6 percent. Exports also increased 4.7 percent in February versus January. In the first two months of 2013, export volume is up 2.3 percent from the same period in 2012.

Of February’s top 25 commodities, those that saw the highest year-over-year increases were edible nuts, jumping 75 percent versus February 2012; soybeans, up 62 percent; metal scrap, up 36 percent; and fabrics, up 29 percent. Animal feed and orange exports were flat in the month. The largest decline of the 25 was miscellaneous machinery, which was down 10 percent.

Among February’s top 25 destination countries, shipments to Vietnam jumped the most, by 53 percent year-over-year to 22,025 TEUs. Volume to Turkey advanced by 51 percent to 16,894 TEUs, while Russia followed with a gain of 16 percent to 10,027. The country with the steepest decline in exports from the U.S. in February was Saudi Arabia — shipments fell 8 percent to 10,936 TEUs. Shipments to Germany totaled 21,600 TEUs in the month, down 7 percent year-over-year. Exports to Japan dipped 5 percent to 67,837 TEUs.

Read more about the JOC’s Top 100 U.S. exporters