China’s share of US imports falls to lowest since 2006
by Bloomberg Sep 06, 2023
China’s share of US goods imports fell to the lowest level since 2006 in the 12 months through July, according to a new report by the US Census Bureau.
The share of imported merchandise coming from China was 14.6% on average over that period, the data published Wednesday showed. That’s down from a peak of 21.8% in the 12 months through March 2018, just before former US President Donald Trump ramped up a trade war with the Asian country.
American companies have been reorganizing supply chains in recent years amid the US government’s attempts to reduce the economy’s dependence on China, as well as fragilities exposed by the pandemic.
Countries like Mexico and Vietnam have benefited from the shift, with Chinese exports to and foreign direct investment in those places also on the rise. Mexico’s share of US goods imports rose to 15% on average in the 12 months through July, the highest on record in 30 years of data. Vietnam’s share was 3.7%, a bit below the high reached in 2022.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
Freight forwarders helped make Brexit-era UK–EU trade manageable
As the UK marks ten years since the Brexit referendum, the British International Freight Association (BIFA) is highlighting the vital role played by its members in helping businesses adapt to…
View Article
Thailand launches FastPass program
View Article
The tariff environment changed the FTZ math. Here’s why the numbers finally work
View ArticleCMA CGM PSS - From Northeast Asia to West Africa
In a continued effort to provide customers with reliable and efficient services, CMA CGM informs its customers of the following Peak Season Surcharge (PSS).
View ArticleCMA CGM PSS - From Far East to the Mediterranean & North Africa 2026
In a continued effort to provide customers with reliable and efficient services, CMA CGM informs its customers of the following Peak Season Surcharge (PSS).
View ArticleCMA CGM: PSS - From China & Southeast Asia to West Africa
In a continued effort to provide customers with reliable and efficient services, CMA CGM informs its customers of the following Peak Season Surcharge (PSS).
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
