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US-Asia imports declined amid global container recovery in March
Posted on May 29, 2023 |
In March, global container demand recovered across the majority of trade routes, besides US imports from Asia.
US imports from Asia are consistently declining at an unsteady rate of 20% year-on-year.
Retailers and wholesalers are seeing an increasing trend while manufacturers' inventory has stagnated, indicating inventories are growing compared to sales, and any continuous inventory correction is insufficient.