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US imports will decline to their lowest level in almost two years.

According to the monthly Global Port Tracker study published today by the National Retail Federation and Hackett Associates, imports at the country's major container ports are predicted to decline to their lowest level in nearly two years by the end of 2022 despite continued growth in retail sales.<br><br>

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US imports will decline to their lowest level in almost two years.

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  1. ACCORDING TO THE MONTHLY GLOBAL PORT TRACKER STUDY PUBLISHED TODAY BY THE NATIONAL RETAIL FEDERATION AND HACKETT ASSOCIATES, IMPORTS AT THE COUNTRY'S MAJOR CONTAINER PORTS ARE PREDICTED TO DECLINE TO THEIR LOWEST LEVEL IN NEARLY TWO YEARS BY THE END OF 2022 DESPITE CONTINUED GROWTH IN RETAIL SALES. WWW.SEAIR.CO.IN

  2. US IMPORTS WILL DECLINE AFTER TWO YEARS In August, the most recent month for which full data is available, US ports tracked by Global Port Tracker handled 2.26 million Twenty-Foot Equivalent Units (TEU), or one 20-foot container or its equivalent. Although it was down 0.4% from August 2021, it was up 3.5% from July. Ports have not yet released their September statistics, but Global Port Tracker predicted 2.07 million TEU, a 3% decrease from the same month last year. Forecasts for the next months: November: 2.01m TEU, down 4.9%; December: 1.96m TEU, down 6.1%; October: 2m TEU, down 9.4% from last year. The previous time the monthly total went below 2 million TEU was in February 2021, when there were 1.87 million TEU shipped. WWW.SEAIR.CO.IN

  3. Almost 13.5m TEU were shipped in the first half of the year, up 5.5% over the same period last year. According to the prediction, the second half of the year would end with 12.5 million TEU, which is a 4% decrease from last year. It is anticipated that 2022 would end with a total of 26 million TEU, up 0.7% from the previous annual record of 25.8 million TEU. IMPORT DATA US The cargo data comes at a time when NRF predicts that retail sales will increase by 6% to 8% over 2021 in 2022. During the first eight months of the year, sales increased by 7.5%. Credits WWW.SEAIR.CO.IN

  4. “The holiday season has already started for some shoppers and, thanks to pre- planning, retailers have plenty of merchandise on hand to meet demand,” NRF vice president for supply chain and customs policy Jonathan Gold stated. “Many retailers brought in merchandise early this year to beat rising inflation and ongoing supply chain disruption issues. Despite the lower volumes, retailers are still experiencing challenges along the supply chain, including US ports and intermodal rail yards.” USA Importers Database

  5. Especially for cargo from Asia, the expansion in the number of US imports has slowed down, according to Ben Hackett, founder of Hackett Associates. "Recent reductions in carriers' shipping capacity reflect declining demand for goods from retailers with ample inventory, notwithstanding customers' continued spending. In the meantime, production has been hampered by the closure of factories throughout China's October Golden Week holiday and the government's ongoing "Zero Covid" policy, which has decreased demand for shipping capacity from that side of the Pacific as well. Seair Exim Solutions provides accurate Import Data US, USA Importers Database, and much more. If you have any query regarding the US Importer Data, we are here to assist you and expand your business. WWW.SEAIR.CO.IN

  6. CONTACT US Delhi Office Plot C2, Office No 2, First Floor, Mahindra park, Opp. GRID Office C1 Janakpuri, West Delhi 110059, India Business Hours Monday-Friday : 10:00 am to 6:30 pm Saturday & Sunday : Closed Support Enquiry Telephone +91-9999439844 E-mail info@seair.co.in

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