EsMexico’s maritime ports outperformed the broader economy in October. Total trade fell 2.5% on a year earlier, with imports falling 2.8% and exports by 2.1% in dollar terms, Panjiva data shows. This was led by reduced exports to the U.S., including a halving of televisions and monitors by Samsung, as discussed in Panjiva research of November 25.
Container handling across all seaports increased 9.0% with imports rising 4.5% and exports climbing 19.4%, the latter being led by Pacific coast shipments to Asia. This was the third straight increase in maritime handling.
Source: Panjiva
At the port level the leading Gulf coast port of Veracruz slipped to second place behind Pacific-coast leader Manzanillo. This represents something of a return to normal. It came as imports from Germany into Veracruz fell from elevated levels, although it still handled 11.8% more than a year earlier. The growth reflects increased shipments of industrial materials from suppliers to the region including ThyssenKrupp and BASF.
Among the second tier ports Enseneda, close to the U.S. border, experienced a 36.1% jump in volumes handled. This resulted from a 40.1% increase in imports by shippers including goods equipment-maker Hyundai Translead and Ecmms Precision, a division of electronics manufacturer Foxconn and supplier to Sony.
Source: Panjiva
