Six Ports Indicate 22nd Increase in Trade Deficit Lies Ahead — Panjiva


Six Ports Indicate 22nd Increase in Trade Deficit Lies Ahead

Corp - Ports 661 Mode - Containerized 1005 Mode - Seaborne 1273 Trade Balance 657 U.S. 3297

Preliminary data from six major ports shows U.S. exports likely markedly underperformed imports in November. Container handling through Savannah, Ga. and its neighboring ports climbed 11.4% on a year earlier including a 17.3% surge in loaded containers. The latter was mostly the result of a 22.4% jump in shipments from China as importers sought to get ahead of tariff increases that have now been delayed. Exports by contrast fell 4.4%. That repeats a pattern seen in Texas, Virginia and California which when combined showed exports falling 5.5% on a year earlier – in part due to Chin...

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.