S&P Global Market Intelligence data points to strong U.S.-bound July imports

The ongoing run of strong United States-bound import volumes remained firmly intact in July, according to data recently issued by S&P Global Market Intelligence.

July imports, at 2.89 million TEU (Twenty-Foot Equivalent Units), increased 14.0% annually, growing for the 11th consecutive month, following a 14-month stretch of annual declines.  The 14.0% annual gain represents the largest growth rate going back to March, when imports rose 16% annually.

On a year-to-date basis through July, total U.S.-bound imports, at 18.33 million TEU, posted a 12% annual increase. What’s more, for the same period in 2021 and 2022, imports each came in at 13.6 million TEU, respectively.

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