January Import Growth Slowing Down, Not Yet Going Down in the U.S. — Panjiva


January Import Growth Slowing Down, Not Yet Going Down in the U.S.

China 1758 Cons. Discr. - Autos 661 Cons. Discr. - Durables 107 Energy - Conventional 272 European Union 406 Industrials - Capital Goods 265 Info Tech - Tech Hardware 378 Materials - Chemicals 93 Materials - Metals/Mining 482 Tariffs 1169 Trade Balance 657 U.S. 3297 United Kingdom 194 Vietnam 155

The U.S. seaborne import boom continued in January with total inbound shipments up 5.1% year over year while containerized freight rose 5.8%. There was a slowdown in shipment growth from China to just 0.7% from 12.0% in the fourth quarter. That was largely down to the tariff ceasefire reached between President Donald Trump and President Xi Jinping in early December reducing the need to build inventories. Shipments from other regions provided an offset. A 6.8% increase in imports from the EU didn’t include a Brexit-related burst in U.K. exports, which only rose 1.1%. Unsurprisingly China-...

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