Total vessel imports rise slightly in October after a drop-off in September
MINNEAPOLIS, November 9th, 2011 — Zepol Corporation, the leading trade intelligence company, reports that U.S. import shipment volume for October, measured in TEUs, increased 0.33% from September and decreased 1% from October of 2010. The total number of inbound shipments rose 1% from September and increased the same amount from October of last year. Year to date, total TEUs are up 1.13% this year over last year.
Key Statistics from this Month’s Update:
1. After a 15% drop in September, shipments from Europe recovered in October by jumping 10%, mainly due to increased imports from Italy, France, and Spain. Imports from Asia continued a downward trend for the second consecutive month, with TEUs slipping 1.5% from September. Central America posted an increase in TEUs of nearly 5% from September; key contributors to the increase were Guatemala and Costa Rica. Lastly, vessel imports from Mexico reached a record-high for the year in October with 5,700 TEUs imported.
2. Ports in the Pacific region of the U.S. increased TEU imports by 0.67% in October, after posting a 9% decrease in September. Imports into the Port of L.A. increased 4.5% while imports into the Port of Long Beach decreased 8.8% from September. The Port of Oakland saw imports drop for the second consecutive month.
3. The number one carrier, Maersk Line, jumped 13.6% from September and exhibited a record-high number of imports in October, reaching 173,000 shipments. Coming in second is Mediterranean Shipping Company which saw inbound shipments increase 5% from September.
Zepol’s data is derived from Bills of Lading entered into the Automated Manifest System. This information represents the number of House manifests entered by importers of waterborne containerized goods. This is the earliest indicator for trade data available for the previous month’s import activity. The data excludes shipments from empty containers, excludes shipments labeled as freight remaining on board, and may contain other data anomalies.
About Zepol Corporation:
Zepol Corporation is a Minnesota-based company working to provide the most complete and up-to-date U.S. trade data through our subscription tools. TradeIQ™ is a U.S. Customs import Bill of Lading database utilized to find information about competitors, suppliers, prospects, and the products that they use, market, or transport. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. ComplianceMonitor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information
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