Latin American Shipments to Asia Edge Up

Latin American Shipments to Asia Edge Up

Trans-Pacific containerized export volume from South and Central America to Far East Asia and Australasia/Oceania grew in January 2013 while exports to other regions fell sharply, according to data from Container Trades Statistics, Ltd. Export volume in all trade lanes fell in 2012 when compared to 2011.

South and Central America to Far East Asia

South and Central American exports to Far East AsiaSouth and Central American exports to Far East Asia

South and Central America exported 106,500 20-foot-equivalent units to Far East Asia in January 2013, which was 1 percent more than in January 2012. This is the first year-over year increase in this trade lane since March 2012. Exports also rose 5.3 percent more than the level in December 2012, when South and Central America exported 101,100 TEUs to Far East Asia.

In 2012, South and Central American exports to Far East Asia dropped 10.4 percent year-over-year to 1,222,700 TEUs.

Rates in this market as tracked by CTS rose and fell to almost the same level during 2012. The CTS rate index went from 78 in January to a high of 88 in September before falling to 79 in December. The index rose to 81 in January 2013.

South and Central America to Australasia/Oceania

Exports from South and Central America to Australasia/Oceania jumped 13 percent in January 2013 to 2,600 TEUs from 2,300 in January 2012, and were up 4 percent from December 2012.

In 2012, exports from South and Central America to Australasia/Oceania fell 5 percent year-over-year, to 28,600 TEUs.

The CTS index of rates in this trade rose in 2012. It started in January 2012 at 93 and stood at 98 by the end of the year, after hitting a low of 89 in June. In January 2013, the index fell to 95.

South and Central America to Europe

South and Central America exported 116,700 TEUs to Europe in January 2013, down 9 percent both year-over-year and month-to-month.

In 2012, exports from South and Central America in this lane fell by 4.3 percent year-over-year to 1,583,600 TEUs.

Rates in this market as tracked by CTS rose and fell minimally during the course of 2012. In January 2012 the CTS index stood at 89; it hit a high of 95 in April and fell to 91 by December. In January 2013 the price index rose to 95.

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 18,200 TEUs in January 2013, down 8.1 percent compared to January 2012, and 26 percent lower than the level seen in December 2012.

Exports from South and Central America in this lane in 2012 fell 8 percent year-over-year to 269,200 TEUs.

Rates climbed in 2012. The CTS index rose from 86 in January to 94 in December, albeit that was down from a high of 99 in November. The index rose in January 2013 to 100.

South and Central America to North America

Containerized trade in this lane fell over 16 percent year-over-year and month-to-month to 108,500 TEUs in January 2013. Exports from South and Central America in 2012 slid 2.9 percent over the level seen in 2011, to reach 1,576,800 TEUs.

The CTS price index stayed within a range of four points in 2012, starting at 82 in January and ending at 83 in December. In January 2013 the price index remained at 83.

South and Central America to Sub-Saharan Africa

Containerized trade was up almost 13 percent year-over-year in January 2013 at 17,500 TEUs, compared with January 2012’s export volume of 20,100, and down almost 9 percent month-to-month from December 2012.

In 2012, exports from South and Central America to sub-Saharan Africa grew 2 percent year-over-year, to 255,100 TEUs.

Rates in this market rose sharply in 2012. The CTS rate index was at 74 in January and rose gradually to at 86 in December. The index fell one point to 85 in January 2013.

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