U.S. containerized exports were up 5% in February 2013 compared to February 2012, reaching 1,011,874 20-foot-equivalent units, according to PIERS data. This is the largest year-over-year increase since June 2012 when exports jumped 9.6%. Exports also increased 4.7% in February versus January. In the first two months of 2013, export volume is up 2.3% from the same period in 2012.
Of February’s top 25 commodities, those that saw the highest Y-o-Y increases were edible nuts, jumping 75% versus February 2012; soybeans, up 62%; metal scrap, up 36%; and fabrics, up 29%. Animal feed and orange exports were flat in the month. The largest decline of the 25 was miscellaneous machinery, which was down 10%.
Among February’s top 25 destination countries, shipments to Vietnam jumped the most, by 53% Y-o-Y to 22,025 TEUs. Volume to Turkey advanced by 51% to 16,894 TEUs, while Russia followed with a gain of 16% to 10,027. The country with the steepest decline in exports from the U.S. in February was Saudi Arabia — shipments fell 8% to 10,936 TEUs. Shipments to Germany totaled 21,600 TEUs in the month, down 7% year-over-year. Exports to Japan dipped 5% to 67,837 TEUs.
For more information about how PIERS Trade Intelligence can help you track U.S. imports & exports for any commodity or region visit www.piers.com.