Latin American Containerized Exports Decline

Latin American Containerized Exports Decline

Trans-Pacific containerized export volume from South and Central America declined in all trade lanes in February 2013, according to data from Container Trades Statistics, Ltd. Export volume to sub-Saharan Africa fell the most year-over-year.

South and Central America to Far East Asia

South and Central America exported 93,600 20-foot-equivalent units to Far East Asia in February 2013, which was 10 percent fewer than in February 2012. Volume has been down year-over-year for 10 of the past 12 months, with nine of those showing drops of more than 10 percent. Exports also slipped 12.6 percent from the level in January 2013, when South and Central America exported 107,100 TEUs to Far East Asia. During January and February 2013, South and Central American exports to Far East Asia slipped 4.2 percent year-over-year to 200,700 TEUs. Rates in this market as indexed by CTS rose one point to 82 in February.

South and Central America to Australasia/Oceania

Exports from South and Central America to Australasia/Oceania slid 4.3 percent in February 2013 to 2,200 TEUs from 2,300 in February 2012, and were down 15.4 percent from January 2013. In the first two months of 2013, exports from South and Central America to Australasia/Oceania increased 4.3 percent year-over-year, to 4,800 TEUs. The CTS index of rates in this trade jumped from 95 in January to 99 in February.

South and Central America to Europe

South and Central America exported 126,400 TEUs to Europe in February 2013, down 1.4 percent year-over-year but up 8.3 percent month-to-month. In January and February of this year, exports from South and Central America to Europe fell by 5.2 percent year-over-year to 243,100 TEUs. Rates in this market as tracked by CTS rose three points to 98 in February.

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 declined to 19,600 TEUs in February 2013, down 2 percent compared to February 2012, but up 7.1 percent from the level seen in January 2013. Exports from South and Central America in this lane during the first two months of 2013 fell 4.8 percent year-over-year to 37,900 TEUs. The CTS index rose from 100 in January to 103 in February.

South and Central America to North America

South and Central American exports to sub-Saharan AfricaSouth and Central American exports to sub-Saharan Africa

Containerized trade in this lane fell 12 percent year-over-year but rose 3 percent month-to-month to 111,700 TEUs in February 2013. Thus far in 2013, exports from South and Central America fell just over 14 percent below the level seen in the same two months of 2012, to 220,200 TEUs. The CTS price index slipped one point to 82 in February.

South and Central America to Sub-Saharan Africa

Containerized trade was down 17.4 percent year-over-year in February 2013 at 16,100 TEUs, compared with February 2012’s export volume of 19,500, and down 7.5 percent month-to-month from January 2013. This was the ninth straight month of declines from the prior year’s level. During this January and February, exports from South and Central America to sub-Saharan Africa dropped 15.4 percent year-over-year, to 33,500 TEUs. The index of rates in this market rose two points to 87 in February.