Waterborne Imports on Rise, Says Panjiva

For the entire first quarter, Panjiva said imports­––at 2,628,715––were up 1.4 percent annually.

By ·

Data recently issued by Panjiva, an online search engine with detailed information on global suppliers and manufacturers showed that United States-bound waterborne imports saw a nice recovery in March from a sluggish February.

March imports––at 855,511–– were up 7 percent annually and up 1.9 percent compared to February, which Panjiva said marked the first time there was not an annual increase since June 2016 and was also the first month import readings under the Trump administration. The annual increase in March is the highest gain since a 9.1 percent gain in December, although it trailed the 13.7 percent March spike in 2015, a number which was buoyed by the West Coast port strike.

For the entire first quarter, Panjiva said imports­––at 2,628,715––were up 1.4 percent annually.

March imports from China and Hong Kong were up 20.9 percent annually, which also was its fastest rate since the same month in 2015 and was not impacted by the Lunar New Year, as was the case in February.

Panjiva Research Director Chris Rogers commented in a research note that one item that will be particularly unwelcome to the Trump administration will be the rise in imports of autos and components, which were up 6.9 percent and grew for the eighth straight month and the fastest undisputed rate since October 2014. Iron and steel imports headed up 25.3 percent, which he said may cause the Commerce Department “to take another look at the industry.” Furnishing imports were up 19.8 percent, and apparel dropped for the tenth consecutive month.

“The import acceleration may be following fundamentals rather than concerns (or otherwise) about trade policy action,” Rogers wrote. “Consumer confidence in the U.S. hit its highest since December 2000 in March according to CNBC, while business import expectations remained in positive (if slowing) territory. In the previous six years around 23.0% of full year imports had been completed. On the basis of progress so far this year that would suggest imports for the year could rise 2.6% on a year earlier, though it is very early to be making a firm prediction.”


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Economy · Panjiva · Trade · · All Topics
Latest Whitepaper
Top 20 industrial lift truck suppliers, 2017
The top lift truck suppliers list is changing with industry acquisitions causing a dramatic departure from the norm.
Download Today!
From the November 2017 Modern Materials Handling Issue
A new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business for the fourth time in 20 years and shorten order delivery time from 10 days to three.
10th Annual Salary Survey: The Price of Performance
Let’s put Automatic Data Capture (ADC) Technology to Work
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
The State of the DC Voice Market
A lot has changed in the last 10 years, especially in voice technology. This webinar will cover the state of the voice market, review two leading voice solutions and help you gain a better understanding of the options and capabilities available today.
Register Today!
EDITORS' PICKS
Top 20 industrial lift truck suppliers, 2017
The top lift truck suppliers list is changing with industry acquisitions causing a dramatic...
Lodge Manufacturing: Distribution Cast in Iron
A new facility, iPhones and a new WMS allowed cookware manufacturer Lodge to double its business for...

Rochester Drug Cooperative: Robots ready for work
It’s still early stages, but Rochester Drug Cooperative is proving that mobile robotic piece...
System Report: Pouch sorter powers Stage’s fulfillment needs
How a hometown department store chain transformed its e-fulfillment processes with pouch sortation...