Savannah’s Hot Import Growth Due To China, Could Rapidly Reverse — Panjiva


Savannah’s Hot Import Growth Due To China, Could Rapidly Reverse

China 1758 Cons. Discr. - Autos 661 Cons. Discr. - Durables 107 Corp - Ports 661 Industrials - Capital Goods 265 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling through the port of Savannah and its neighbors rose by just 1.0% on a year earlier in October. A 3.1% decline in exports reflects poorly on the performance of the local economy. Yet, import growth remained healthy though with a 9.3% rise in imports of loaded containers being driven by a 17.8% surge in shipments from China. The surge likely reflects attempts by importers to get ahead of tariff increases in January though, as flagged by Maersk, that could rapidly reverse in the new year. The race to beat new tariffs in consumer goods was led by furniture importers where ...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.