AAPA Seaports
Trade Currents has released the first edition of The Navigator, a groundbreaking newsletter meticulously crafted to dissect economic indicators steering trade demand. Leveraging the wealth of information from AAPA port members and the U.S. Census Bureau data reported through November 2023 (most recent release), The Navigator aims to be an invaluable resource for professionals in the trade and logistics industry, research community, policymakers, and private institutions.
Through insightful analyses and expert commentary, this newsletter aims to decode economic indicators that play a pivotal role in shaping trade demand. As the trade landscape continues to evolve, The Navigator promises to be a compass for industry stakeholders seeking a deeper understanding of prevailing trends. Trade Currents is proud to be a strategic partner with AAPA in support of its Port Statistics Program. This collaboration is designed to benefit not only individual ports but also the broader trade and logistics industry. By leveraging our expertise and resources, we strive to provide valuable insights that contribute to the success and efficiency of port operations.
A distinguishing feature of The Navigator is its focused exploration of the top commodities influencing containerized imports and exports. By analyzing AAPA’s port statistics and U.S. Census Bureau data, the newsletter sheds light on the commodities that have significantly contributed to both surges and declines in trade activity. This spotlight aims to empower readers with actionable insights for strategic decision-making.
Key highlights of the inaugural edition:
- Trade Demand Insights – A comprehensive analysis of current trade demand trends, offering a holistic view of the factors influencing global trade dynamics.
- Commodity Chronicles – An in-depth exploration of the top commodities, revealing the forces behind their impact on containerized imports and exports.
Containerized imports are expected to increase in 2024 due to strong consumer spending, retailers needing to restock, and likely Federal Reserve support by lowering interest rates. Top import commodities include furniture and wood, as well as solar panels in the first half of the year.
Containerized exports are also expected to increase, for the first time since 2018, albeit slower than imports. However, if the Fed were to substantially lower interest rates, the U.S. dollar could also decline in value. This would help increase U.S. exports above the current projection. Plastics in primary forms is expected to be the main commodity contributing to containerized export growth.
To embark on this journey into the intricate world of trade dynamics, access the inaugural edition of The Navigator. We invite industry professionals, researchers, policymakers, and institutions to join us in exploring the currents that shape the global trade landscape.
The Navigator is not just a newsletter, it’s a commitment to providing actionable insights and fostering progress within the trade and logistics community. We look forward to having you on board for future editions as we continue to chart the course of global trade.
