Lackluster U.S. Import Growth Balances Robust Consumer, Weaker Industrial Demand — Panjiva
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Lackluster U.S. Import Growth Balances Robust Consumer, Weaker Industrial Demand

China 1971 Cons. Discr. - Apparel 246 Cons. Discr. - Durables 148 Industrials - Capital Goods 309 Materials - Chemicals 116 Trade Balance 722 U.S. 3637 Vietnam 189

U.S. seaborne import growth continued to decelerate in August with imports of both containerized and non-containerized freight having increased by just 0.1% year over year. A tariff-related 1.8% drop in imports from China was offset by a 9.1% rise in imports from Asia excluding China. The latter was led by a 27.3% jump in imports from Vietnam. Supplies of many consumer products remained strong ahead of the implementation of new tariffs on Chinese exports on Sept. 1 and Dec. 15, with imports of apparel and toys rising by 6.6% and 14.8% respectively in August. A fourth straight year over y...

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