Supply Chain Research

U.S. international trade activity fell for a 16th straight month in December with a 4.7% year over year decline. Services fell by 22.7% due to the continued loss of transport and travel revenues resulting from the pandemic while imports of goods climbed 4.8% higher on increased demand for consumer products. Exports meanwhile continued to decline with a drop of 3.0%. That came despite a 64.5% surge in exports to China linked to the phase 1 trade deal. Excluding China exports dropped by 6.7%, led by pandemic-linked declines in energy and aerospace products which fell by 19.9% and 51.8% res...