What a coincidence! Two 34%!
At present, the trans-Pacific route has tight container space and high freight rates. In addition to port congestion, crew shifts, and insufficient American rail truck capacity, the fundamental reason is the sudden increase in freight demand. According to the trade data just announced by China, Japan and South Korea, from January to July, exports of the three countries to the United States were 434.42 billion U.S. dollars, compared with only 323.844 billion U.S. dollars in the same period last year, a year-on-year increase of 34%.
Statistics also show that from January to July, the three major ports on the west coast of the United States (the Port of Los Angeles, the Port of Long Beach, and the Northwest Port Alliance) also increased the volume of heavy container imports by 34% over the same period last year, reaching 6.869 million TEUs, compared with only 5.113 million standard containers in the same period last year. Box.
What a coincidence! The 34% increase in exports of China, Japan and South Korea to the United States promoted a 34% increase in the volume of imported containers at major ports on the Pacific coast of the United States.
Specifically, from January to July, China`s exports to the United States were 302.456 billion U.S. dollars, imports 102.10673 billion U.S. dollars, and the total import and export volume was 404.563 billion U.S. dollars, an increase of 37%, 50%, and 40% respectively over the same period in 2020; compared with the same period in 2019, The three indicators increased by 27%, 45% and 31% respectively.
Japan`s July exports of goods were 7356.4 billion yen and imports were 6,915.4 billion yen, an increase of 37% and 28.5% respectively over the same period last year. Among them, exports to the United States were 1,3840.8 trillion yen and imports were 724,033 million yen, an increase of 27% and 24% year-on-year. According to data previously released by the Japanese Customs, from January