JOC Rankings: Slowing growth stunting US–South America container trade

JOC Rankings: Slowing growth stunting US–South America container trade

Total container trade between the United States and South America rose 2.5 percent year over year to nearly 2.1 million TEU in 2019 after increasing 5.9 percent in 2018 and 4.2 percent in 2017. Photo credit: Shutterstock.com.

Containerized trade growth between the United States and South America decelerated last year, reflecting slowing economic growth in the bellwether countries of Brazil and Argentina.

Container volumes on trades connecting the United States with South America rose 2.5 percent year over year to nearly 2.1 million TEU in 2019, according to data from PIERS, a sister company of JOC.com within IHS Markit. Volumes on the trade grew 5.9 percent in 2018 compared with the previous year and 4.2 percent in 2017.

The balance of imports and exports in the trade was relatively even, with total US imports from South America expanding 2.6 percent to 1.1 million TEU and US exports to the region ticking up 2.5 percent to 930,582 TEU, according to PIERS.

Amid the slowdown in trade growth, Port Houston maintained its ranking as the top US gateway for South American trade, growing its volume 6.3 percent last year and accounting for 17 percent of overall US–South America volume. The Port of Savannah, which handled about 7 percent of US–South American container trade, saw the sharpest growth in volume, with two-way traffic rising 14.3 percent in 2019, albeit from a much smaller base.

Maersk Line and its subsidiaries, which include north-south specialists Hamburg Sud and Sealand, again ranked as the top carrier plying the trade, sporting a nearly one-third share of the overall US–South America market despite growing volumes just 2 percent in 2019. Ocean Network Express (ONE) — the merged container operations of Japanese ocean carriers NYK Line, Mitsui O.S.K. Line, and “K” Line — saw the most growth between the US and South America, expanding its volume 29.5 percent to give it a 3 percent share of the total trade.

JOC.com’s 2019 Top 10 US–South America Ports and Top 15 US–South America Container Carriers rankings are compiled using data from PIERS. Volume figures are expressed in twenty-foot equivalent units (TEU). 

JOC Top 10 US Ports in Imports from South America

US imports, January-Dec. 2019 vs. January-Dec. 2015, 2016, 2017, and 2018 in laden TEU*
 January - December
US Imports
 Percent Volume Change
in January - December 2019
 US PortMarket Share2019 From 2015From 2016From 2017From 2018
 
1New York and New Jersey16%183,962 3.3%6.1%4.6%2.2%
2Philadelphia, Penn.11%129,791 45.3%22.8%-2.9%-3.4%
3Houston, Texas11%120,026 31.1%15.1%8.2%0.6%
4Los Angeles-Long Beach, Calif.8%89,169 29.4%17.9%9.6%8.6%
5Port Everglades, Fla.7%79,375 27.5%-0.5%-1.6%-5.6%
6Virginia, Va.5%62,619 6.9%-2.1%1.1%2.7%
7Charleston, S.C.5%60,877 21.7%3.7%2.0%-1.1%
8Baltimore, Md.5%60,375 10.9%-4.3%-2.7%-0.1%
9Savannah, Ga.5%56,366 51.9%48.7%28.9%17.8%
10San Diego, Calif.4%42,407 16.3%-2.4%24.2%4.4%
 TOTAL JOC TOP 10 US PORTS IMPORTS 884,967 21.8%9.8%4.9%1.6%
 TOTAL US PORTS IMPORT 1,141,738 22.2%12.6%8.6%2.6%
 
Source: IHS Markit

JOC Top 10 US ports in Exports to South America

US exports, January-Dec. 2019 vs. January-Dec. 2015, 2016, 2017, and 2018 in laden TEU*
 January - December
US Exports
 Percent Volume Change
in January - December 2019
 US PortMarket Share2019 From 2015From 2016From 2017From 2018
 
1Houston, Texas25%230,892 13.2%19.6%20.0%9.6%
2New York and New Jersey10%93,592 12.6%36.5%10.9%2.1%
3Charleston, S.C.9%82,858 -5.5%1.4%2.4%-12.6%
4Savannah, Ga.9%81,615 21.1%14.4%11.8%12.0%
5New Orleans, La. 8%75,344 19.2%13.9%3.0%-1.3%
6Port Everglades, Fla.8%72,210 -12.7%-9.6%-7.3%-6.3%
7Virginia, Va.5%43,222 -30.6%-5.8%0.7%7.8%
8Jacksonville, Fla.4%41,732 -3.0%4.7%2.6%-1.1%
9Los Angeles-Long Beach, Calif.4%35,992 6.7%13.6%-7.6%-7.4%
10Miami, Fla.4%35,570 24%45%14.0%-5%
 TOTAL JOC TOP 10 US PORTS EXPORT 793,028 4.9%12.9%7.8%1.4%
 TOTAL US PORTS EXPORTS 930,582 7.9%13.6%8.5%2.4%
 
Source: IHS Markit

JOC Top 15 Container Lines for US Imports from South America

US imports, January-Dec. 2019 vs. January-Dec. 2015, 2016, 2017, and 2018 in laden TEU*
 January - December
US Imports
 Percent Volume Change
in January - December 2019
 Ocean Carrier*World,
U.S. Headquarters
Market Share2019 From 2015From 2016From 2017From 2018
 
1A.P. Møller - Maersk*Copenhagen; Florham Park, N.J.30%346,063 84.8%67.9%59.1%5.1%
2MSCGeneva; New York27%311,055 43.2%10.1%-4.4%0.2%
3Hapag-LloydHamburg; Piscataway, N.J.19%217,079 97.2%37.3%20.2%7.1%
4Seaboard MarineMiami, Fla.7%74,713 165.4%170.6%68.1%13.8%
5DoleJacksonville, Fla.5%58,620 16.9%4.4%19.3%-0.8%
6CMA CGM/APLMarseille; Norfolk, Va.Singapore; Scottsdale, Ariz.3%36,769 -16.3%-6.8%11.9%-14.1%
7Ocean Network ExpressSingapore3%32,181 -52.9%-16.9%4.0%-0.2%
8King Ocean ServicesDoral, Fla.2%18,993 160.3%39.9%13.8%0.2%
9Zim Integrated Shipping ServicesHaifa; Norfolk, Va.1%14,841 21.3%20.0%3.8%21.6%
10Great White FleetAntwerp; Cincinnati1%7,991 -58.7%-47.1%1484.6%92.5%
11Evergreen LineTaipei; Jersey City, N.J.1%6,246 -63.1%-50.5%-20.8%-27.3%
12Del MonteCoral Gables, Fla.0%3,822 -44.5%-49.7%101.6%19.1%
13Trans Global Shipping IncMississauga, Kanada0%3,358 -35.1%-28.7%-35.2%-19.1%
14Cosco Shipping/OOCLShanghai; Secaucus, N.J.; Hong Kong; Salt Lake City0%1,732 326.8%219.2%-18.1%-27.3%
15MatsonOakland0%945 -37.7%-7.4%-12.0%-30.0%
 TOTAL JOC TOP 15 US IMPORT CARRIERS 1,134,408 46.4%29.5%21.9%3.4%
 TOTAL US IMPORT CARRIERS 1,141,738 22.2%12.6%8.6%2.6%
 
*A.P. Møller - Maersk includes Maersk Line, Sealand, and Hamburg Sud.
Source: IHS Markit

JOC Top 15 Container Lines for US Exports to South America

US exports, January-Dec. 2019 vs. January-Dec. 2015, 2016, 2017, and 2018 in laden TEU*
 January - December
US Exports
 Percent Volume Change
in January - December 2019
 Ocean Carrier*World,
U.S. Headquarters
Market Share2019 From 2015From 2016From 2017From 2018
 
1A.P. Møller - Maersk*Copenhagen; Florham Park, N.J.33%307,094 32.4%26.6%18.8%-1.2%
2Hapag-LloydHamburg; Piscataway, N.J.21%197,131 98.2%32.6%26.5%11.9%
3MSCGeneva; New York20%186,332 -5.1%0.8%-7.3%-5.9%
4Seaboard MarineMiami, Fla.7%66,124 32.7%31.6%12.7%-3.7%
5CMA CGM/APLMarseille; Norfolk, Va.; Singapore; Scottsdale, Ariz.7%65,323 103.4%58.0%28.6%14.9%
6Ocean Network ExpressSingapore4%38,177 -34.1%39.7%41.8%72.9%
7Zim Integrated Shipping ServicesHaifa; Norfolk, Va.2%15,671 -8.4%10.3%13.3%21.8%
8Evergreen LineTaipei; Jersey City, N.J.2%14,878 -40.8%-1.2%12.5%-14.8%
9King Ocean ServicesDoral, Fla.1%13,247 57.6%2.6%-4.7%-0.6%
10Cosco Shipping/OOCLShanghai; Secaucus, N.J.; Hong Kong; Salt Lake City1%12,415 624.0%4698.1%33.6%-31.1%
11DoleJacksonville, Fla.1%5,381 13.5%-0.2%-5.0%-8.4%
12Yang Ming LineKeelung; Newark, N.J.0%2,518 -81.1%-72.5%341.6%126.3%
13CrowleyJacksonville, Fla.0%2,057  -6.8%-18.5%16.9%
14Tropical ShippingRiviera Beach, Fla.0%1,615 8.0%5.3%-4.6%-22.9%
15ZEAMARINE Carrier GmbHBremen, Germany0%1,380     
 TOTAL JOC TOP 15 US EXPORT CARRIERS 929,342 25.7%23.0%14.4%2.7%
 TOTAL US EXPORT CARRIERS 930,582 7.9%13.6%8.5%2.4%
 
*A.P. Møller - Maersk includes Maersk Line, Sealand, and Hamburg Sud.
Source: IHS Markit