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United States-bound shipments post strong September numbers, reports Panjiva

October 14, 2020

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United States-bound September imports saw significant gains, according to data issued this week by global trade intelligence firm Panjiva.

Coming in at 2,711,435 TEU (Twenty-Foot Equivalent Units), September was up 11.1% annually. But on a year-to-date basis, through September 30, shipments are down 3.9% annually, to 20,874,996 TEU. This marked the second time ever a monthly tally topped 2.70 million TEU.

September imports were largely paced by gains related to shipments of consumer discretionary products, including electronics, furnishings, appliances, leisure products and apparel/textiles, and excluding autos, with a 23.2% annual gain. Panjiva said this marks an uptick from September’s 18.5% annual gain for these products, and far outpacing July’s 1.5% annual gain, while setting two consecutive monthly records, at more than 1 million TEU, as well.

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