Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.

China’s seaborne container shipments to US surge 15% YoY in June

China’s seaborne container shipments to US surge 15% YoY in June

Posted on July 29, 2024 |

China’s seaborne container shipments to the US rose 15% year-on-year in June, showing strong supply and demand despite US decoupling efforts.

Growth was driven by early Christmas preparations and a seasonal shopping boom in late November.

The number of 20-foot containers from Asia to the US increased by 16% year-on-year, marking 10 straight months of growth.

Containers from mainland China, accounting for nearly 60% of the total, grew by 15%.

All top 10 product categories saw year-on-year increases, with automotive products up 25% and textiles up 24%.

Trade between China and the US reached 420.94 billion yuan ($57.8 billion) in June, up 2.9% from last year.

China’s exports to the US increased by 4.7%, maintaining a positive trend.

The rise in container shipments underscores resilient trade relations despite ongoing geopolitical tensions.