January Import Growth Slowing Down, Not Yet Going Down in the U.S. — Panjiva
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January Import Growth Slowing Down, Not Yet Going Down in the U.S.

China 3063 Cons. Discr. - Autos 1255 Cons. Discr. - Durables 585 Energy - Conventional 478 European Union 890 Industrials - Capital Goods 625 Info Tech - Tech Hardware 877 Materials - Chemicals 280 Materials - Metals/Mining 803 Tariffs 1878 Trade Balance 935 U.S. 5418 United Kingdom 393 Vietnam 418

The U.S. seaborne import boom continued in January with total inbound shipments up 5.1% year over year while containerized freight rose 5.8%. There was a slowdown in shipment growth from China to just 0.7% from 12.0% in the fourth quarter. That was largely down to the tariff ceasefire reached between President Donald Trump and President Xi Jinping in early December reducing the need to build inventories. Shipments from other regions provided an offset. A 6.8% increase in imports from the EU didn’t include a Brexit-related burst in U.K. exports, which only rose 1.1%. Unsurprisingly Chi...

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