Posted on September 20, 2023
The largest ports on the East and West coasts recorded 20%-plus year-over-year declines in US imports from Asia in the first eight months of 2023, while Gulf Coast imports dropped only 3.7% during that period. As a result, the combined market share of the four busiest US ports for trans-Pacific imports shrank 2.7 percentage points.
Total containerized US imports from Asia tumbled 21% year over year through August, according to PIERS, a sister product of the Journal of Commerce within S&P Global.
