Containerized Export Surge May Bring First U.S. Deficit Drop Since September 2016 — Panjiva
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Containerized Export Surge May Bring First U.S. Deficit Drop Since September 2016

Corp - Ports 894 Mode - Seaborne 1823 Trade Balance 933 U.S. 5354

Container handling at eight of America’s largest ports climbed 5% on a year earlier in April, up from the 2% seen in the first quarter. The main driver was an 11% surge in exports, which outpaced a 1% rise in imports for a second month. Imports have been held back by a drop in shipments from Asia and was seen in particular at Seattle/Tacoma (down 9%) and Los Angeles (3% lower). Among the top nine ports (excluding New York which hasn’t reported yet) only Oakland saw imports outpace exports. When combined with price inflation the export “signal” for the trade deficit movement was 14.5% vs....

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