U.S. container imports in April rise 7.2%
According to a study released by Zepol Corporation, over 1.52 million twenty-foot equivalent units (TEUs) were imported into U.S. ports this April, a 7.2% jump from April, 2011. Compared to the roughly 1.4 million TEUs imported in March of this year, April’s total was a 9.2% increase.
China exports to the U.S. in April rose 6.1% compared to the same time last year, while Chinese exports increased 18.7% from March’s total. Amongst the top-ten U.S. ports, nine of them saw in increase in TEU imports this April. In Los Angeles, the port’s imports rose 14.7% from the previous month. The Port of Savannah in Georgia also saw a large increase in container imports, as it posted a 17.7% bump from March. The Ports of Newark and New York also saw an 11% growth.
The study predicts that summer imports may rise, as the market trend the past five years has seen TEU imports grow from May until August.