U.S. Container Imports Up 4 Percent

U.S container imports grew just 4 percent in the second quarter of 2011, after a 9 percent rise in the first quarter of 2011. Overall, the first half of the year saw imports rise 6.3 percent to 8.36 million 20-foot equivalent units (TEUs).  Analysts blame the stuttering housing market and slow job growth for the slowed growth going into the second half of this year.

China accounted for nearly 47 percent of containerized imports arriving in the U.S. for the first half of this year, or 3.9 million TEUs. They are distantly followed by South Korea at 4 percent. They are joined by Japan, Taiwan, and Germany as the top 5 U.S. exporters in the first half of 2011.