The word from the Panjiva research team: imports to the U.S. were up in July from June, and there was a measurable year over year increase. This July showed levels of imports +2% above imports in July 2013. The numbers of these shipments coming into the U.S. changed +5% from June 2014 to July 2014. Previous years’ June to July changes: +9% in 2013, +9% in 2012, +5% in 2011, +2% in 2010, and +12% in 2009.
Following the typical annual trend, we see that July has the highest level of imports of any month in 2014. This is likely the peak of the retail-holiday import cycle – stores stocking up for the 2014 holidays. We will watch and see if August reaches similar heights.
This month, Panjiva released the Q1 2014 Trade Trends report. We’re reporting on several interesting finds, including:
- Increase in imports of medications to treat diabetes.
- Increase in exports to Saudi Arabia – of food AND weapons.
- Stable imports from Bangladesh – very little fluctuation in the past year.
We hope you’ll check it out, and let us know what you think either by leaving a comment here or dropping me a line at emily+tradedata@panjiva.com.
Source: Panjiva Press Release
