Wednesday, June 29, 2011

Imports Rise 5.9% In May

According to the Journal of Commerce, US containerized imports rose 5.9% in May from a year earlier to 1.5 million 20-foot-equivalent units (TEU). The five-month 2011 average was 7.2% and the Journal forecasts 4.7% growth for the rest of the year.

Furniture (down 2%), toys (down 9%), and sheets, towels, and blankets (down 17%) suffered the most declines in May. Auto parts shipments rose 29% over last year as Japanese automobile factories caught up after being disrupted by the earthquake and tsunami. China remained the top source of US containerized imports, with a 47.6% share in May.

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