Virginia’s Growth Relies on Europe as China Crawls, Exports Drop — Panjiva
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Virginia’s Growth Relies on Europe as China Crawls, Exports Drop

China 3048 Corp - Ports 909 European Union 878 Mode - Containerized 1524 Mode - Seaborne 1845 Theme - Canals 141 U.S. 5399 Vietnam 412

Container handling through the Port of Virginia climbed 8% on a year earlier in September. For the sixth month the expansion in imports (10%) outpaced that of exports, which dropped 6%. That suggests both trends of a domestic-consumption led economy and rising trade deficit remain intact. Import growth was led by the EU, with shipments from China rising by just 2% and those from Vietnam having fallen by 1%. That’s the opposite trend to the country at large, suggesting Asian-traffic diversions via the Panama Canal stayed further south.

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