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US building materials sector braces for fallout from Baltimore Bridge tragedy

US building materials sector braces for fallout from Baltimore Bridge tragedy

Posted on April 5, 2024   |  

The collapse of Baltimore's Francis Scott Key Bridge on March 26, following a collision with a container ship, is expected to disrupt supply chains.

Import and export operations at the port are halted due to the bridge collapse, blocking the main route into Baltimore port, and forcing imported goods to be redirected to other ports.

In 2023, Baltimore imported $58.8 billion worth of goods, ranking as the 5th largest port of entry on the eastern seaboard and 15th largest overall in the U.S.

Leading imports for Baltimore in 2023 included personal motor vehicles, heavy-duty machinery, and unwrought aluminum.

Significant imports related to the home building industry in 2023 comprised plywood, gypsum, sawn lumber, and electrical transformers, with Baltimore serving as a key hub for these materials.

Plywood imports valued at $425.07 million accounted for 16% of the U.S. total import value in 2023, making Baltimore the primary port for plywood imports.

Gypsum imports, totaling $23.99 million, represented 14% of the U.S. total import value in 2023, marking the highest level of gypsum imports for any U.S. port.



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