On July 6th, we completed the data for June in our U.S. Customs trade data tool, TradeIQ
. June marks the fifth month in a row in which import shipments increased, rising 10.41% over May. June 2010 shipments also rose significantly over the previous year, up 23.21% over June 2009.
Below is a table showing port regions of the world where shipments originated:
over May 2010
over June 2009
|Central America (includes Mexico)
In our U.S. Customs Update for May
, we discussed how though Asian trade is growing relative to recent months, the region's shipments have yet to return to pre-recession levels. Now that we have the June data needed to complete Quarter 2, we can see that with 1,698,411 shipments, Quarter 2 of 2010 is up 3.33% over the same quarter in 2008, suggesting that Asian trade is closer to pre-recession levels. Quarter 3 data will be even more telling, as this quarter is historically the biggest in terms of shipments to the United States from Asia.
Below is a chart of Asia's quarterly shipments, starting with Quarter 3 of 2007:
The collection methods used by U.S. Customs for AMS data can lead to an overstatement of shipments for some ports, as imports and exports from Prince Rupert and Vancouver are often recorded as imports for the U.S. Moreover, the data includes shipments from empty containers, may overstate totals from transshipments, and may contain other data anomalies as well.
Zepol's U.S. Customs trade 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 indicator is the earliest data available for the previous month’s trade activity.