According to PIERS data, U.S. containerized exports rebounded in July as demand for waste paper and scrap metals strengthened. Overall U.S. containerized exports increased 4.8% in July 2011 over July 2010 after falling 1.7% in June. Year-over-year exports were led by waste paper, up 13%, metal scraps, up 15% and logs and lumber, up 31%. Also seeing increases were grains and flour products, up 37%; poultry, up 21%; meat, up 15% and motor vehicles, up 6%.
Shipments of fabrics including raw cotton tumbled 50% in the month, marking its third successive monthly decline on a year-over-year basis. Pet and animal feeds, including DDGs, continued on a downward trend, losing 21% of volume. This marks the fifth consecutive decline for pet and animal feeds exports, year-over-year. The pending antidumping case, initiated by China against the U.S. for dumping DDG, continued to adversely affect DDGs’ shipments to top market China. Synthetic resins contracted 13%.
On a regional level, exports to Northeast Asia led the gains, rising 7% followed by Northern Europe, up 6%. On the downside, exports to the Caribbean saw volume losses again, this time a drop of 12%. Exports to Southeast Asia declined 4%.
On a country level, China led the gains driven by a strengthening demand for waste paper, logs and lumber and wood pulp. Exports to top market China surged 9% (or 16,896 TEUs) to a total of 208,445 TEUs, followed by Korea and Australia with a 14% and 24% gain, respectively. Exports to Australia were supported by a solid demand for U.S. lawn and garden equipment, pet and animal feeds and logs and lumber. Most losses in the month were seen in the Dominican Republic (-17%), Indonesia (-11%) and Japan (-2%).
PIERS is the only source for transaction-level U.S. export data. PIERS staff reporters cover every major U.S. port, collecting and processing over 4,000,000 Bills of Lading each year (including bulk export shipments not filed electronically) to give our customers a complete view of U.S. trade. To learn more about PIERS export data, register for a free demo.