Report: U.S. Imports Reached Historic High in July

Trade intelligence firm Zepol Corporation reports that U.S. imports in July were the highest volume seen in a one-month period since July 2007. The U.S. brought in more than 1.69 million TEUs (twenty-foot containers) in July, which is 13 percent higher than last month's volume and 2 percent higher than July of last year.

"This year has not seen a rise in imports from 2012, although 2013 may be a stronger year in terms of holiday business," says Zepol's CEO Paul Rasmussen, "July and August are the two busiest months as American retailers prep for the holidays and this July had a much higher import volume than expected."

Quick stats for U.S. imports in July of 2013:

1. Exporting countries: U.S. imports from Asia are up this month by 13 percent. Asian exports account for a large portion of the total increase from June. More specifically China, which makes up for over half of Asia's exports, has increased TEU volume by 12 percent from June and 2 percent from July of last year. Exports from China to the United States are over 779,000 TEUs this July and have not been this high since August of 2011. Similarly, European exports were 18 percent higher than last month. Germany, which makes up for almost a quarter of Europe's exports to the United States, has increased by 10,000 TEUs from June, which amounts to over 50,000 TEUs this July. (Click Here to see more regional stats on our blog)

2. U.S. ports: The Port of Los Angeles saw an increase in TEU volume by almost 13 percent from June to July. The Port of Newark and New York increased in imports by a significant 22 percent from June. Another notable increase came from the Port of Norfolk, Virginia which saw a 26 percent increase from last month. (Click Here to read more about the top 20 U.S. ports for 2012 in this report)

3. Carriers: All of the top 20 carriers posted a rise in TEU volume from June to July. Maersk Line, the top carrier in the U.S., rose from June by nearly 19 percent and Mediterranean Shipping Company was not far behind with a 17 percent increase. APL Company also increased in U.S. imports by 13 percent and Evergreen Line increased in TEUs by 4.5 percent.

Zepol's data is derived from Bills of Lading entered into U.S. Customs and Border Protection's Automated Commercial Environment (ACE). This information represents the number of House manifests entered by importers of waterborne vessel goods. This is the earliest indicator for trade data available for the previous month's import activity. The data excludes shipments from empty containers, excludes shipments labeled as freight remaining on board, and may contain other data anomalies.
This ad will auto-close in 10 seconds