Panjiva reports import growth is back on track in July

After negative growth in July, United States-bound waterborne shipments in July returned to growth, according to recent data issued by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

By ·

After negative growth in July, United States-bound waterborne shipments in July returned to growth, according to recent data issued by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

July shipments–at 974,489-were up 2.2 percent annually and up 4.6 percent compared to June, due primarily to growth from the European Union (shipments up 5.7 percent) and China (up 4.8 percent), which were aided by the strong dollar, coupled with furniture (up 6.7 percent) and toys (up 10.3 percent) shipments both seeing gains.

On a year-to-date basis through July, shipments are 6,319,000, which marks a slight 0.12 percent annual increase.

Panjiva said July’s import level marks the highest level for July going back to 2007.

Imports seeing declines in July included imports from Japan down 8.7 percent and autos and auto parts, the largest import group by shipment, were down 0.9 percent.

“What this data tells us is that the U.S. is outperforming the rest of the world,” said Panjiva Research Director Chris Rodgers. “Import prices continue to come down so the actual kind of published import number is not necessarily a reflection of the underlying economy, which is reasonably good at the moment. And from a political perspective, with the U.S. in an election year, more imports reflects a stronger economy which also means an increase in the trade deficit.”

As for how 2016 may pan out in terms of total U.S.-bound waterborne shipments, Panjiva said that based on data for the last six years, 57.2 percent of imports for the year have been completed by the end of July. And using year-to-date figures, Panjiva said this translates into 2016 U.S.-bound waterborne shipments being up 1.6 percent annually in 2016, which is off from last month’s estimate of 2 percent annual growth, and would equate to 11.04 million shipments for the year.

Rogers said that annual increase is due largely to a very strong January and February to kick off 2016, which were up 11 and 13 percent, respectively, annually, followed by down months in March and April and modest increases in June and July.


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

Global Trade · Panjiva · · All Topics
Latest Whitepaper
2018 Top 20 supply chain software suppliers
While the top of the list remains stable, up-and-comers are mixing up the software landscape with Cloud capabilities that traditional vendors are working to replicate.
Download Today!
From the December 2018 Modern Materials Handling Issue
EDC brought in a WMS, lights, powered conveyor and sortation to write a new chapter in the book distributor’s distribution story.
Educational Development Corp. writes a new chapter in distribution
2018 Top 20 warehouses
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Your 2019 Mobility Strategy: Creating a Plan for Device Security, Automation, OS Migration, and More
If you haven’t already started creating a mobile strategy for 2019, join us to get started. If you have a mobile strategy in place, we’ll be sharing our recommendations to make sure you’ve covered every aspect of devices, deployment, security, OS migration and more.
Register Today!
EDITORS' PICKS
Resilience and innovation at Gap Inc.
Just months before the start of the 2016 holiday season, one of Gap Inc.’s distribution centers...
System Report: Luxottica keeps it simple
Simplification and consolidation drove the design of a new 1.1-million-square-foot logistics campus...

Goya Foods’ secret ingredient: Lift trucks
The leader in Hispanic food and beverage products puts a variety of lift trucks and racks to work in...
Arvato SCM Solutions: Fashion Logistics
At its Hannover, Germany, facility, e-commerce logistics provider Arvato SCM Solutions is using...