American retailers’ August imports up 8% compared to August 2019

The United States’ National Retail Federation’s (NRF) announced that U.S. ports covered by the Global Port Tracker handled 2.1 million Twenty-Foot Equivalent Units in August, the latest month for which after-the-fact numbers are available. That was up 9.7 percent from July and up 8 percent year-over-year.

It was the highest number of containers imported in a single month since NRF began tracking imports in 2002, beating 2.04 million TEU seen in October 2018 ahead of a scheduled tariff increase. A TEU is one 20-foot-long cargo container or its equivalent.

September was estimated at 2.08 million TEU, a 10.9 percent year-over-year increase. September’s actual total won’t be known until next month but could become the second-highest month on record. October is forecast at 1.86 million TEU, down 1.1 percent year over year.

Those numbers would amount to a record 7.96 million TEU during the July-October “peak season” when retailers rush to bring in merchandise for the winter holidays, topping 7.7 million TEU in 2018. Three-quarters of peak season imports – an estimated 6.1 million TEU – have already arrived, preparing retailers for the early shopping NRF expects this year.

Source: NRF

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