January Import Growth Slowing Down, Not Yet Going Down in the U.S. — Panjiva
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January Import Growth Slowing Down, Not Yet Going Down in the U.S.

China 3053 Cons. Discr. - Autos 1251 Cons. Discr. - Durables 575 Energy - Conventional 469 European Union 882 Industrials - Capital Goods 623 Info Tech - Tech Hardware 866 Materials - Chemicals 273 Materials - Metals/Mining 796 Tariffs 1870 Trade Balance 935 U.S. 5404 United Kingdom 391 Vietnam 414

The U.S. seaborne import boom continued in January with total inbound shipments up 5.1% year over year while containerized freight rose 5.8%. There was a slowdown in shipment growth from China to just 0.7% from 12.0% in the fourth quarter. That was largely down to the tariff ceasefire reached between President Donald Trump and President Xi Jinping in early December reducing the need to build inventories. Shipments from other regions provided an offset. A 6.8% increase in imports from the EU didn’t include a Brexit-related burst in U.K. exports, which only rose 1.1%. Unsurprisingly Chi...

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