Panjiva data shows global trade growth from May to June at a reduced rate

As was the case from April to May, global trade activity showed growth, albeit at a slower rate than earlier in the year, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

By ·

As was the case from April to May, global trade activity showed growth, albeit at a slower rate than earlier in the year, according to data from Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

U.S.-bound waterborne shipments, which fell 2 percent from April to May, posted a 2 percent gain from May to June at 1,083,511. This is an improvement over a 1 percent decline from May to June a year ago, and total shipments for June were up 5 percent annually. Panjiva officials said that shipments for the first six months of the year are up 5 percent.

Panjva reported a 0.4 percent increase in the number of global manufacturers shipping to the U.S., with June reaching 149,487, which represented a 2 percent annual gain. This number matches up with recent months, which saw May reach 148,861 and April at 148,246.

“Relatively speaking, the numbers are holding up reasonably well,” said Panjiva CEO Josh Green in an interview. “If you look at shipments being up 5 percent [through the first six months of the year] with the economic headwinds we are facing, it we will take it.”

With the economic outlook still challenging, Green said the two top concerns—as they pertain to global trade—are consumer sentiment and the difficult situation in Europe.

While Europe’s various economic challenges are not having a direct impact on the U.S. yet, Green said should they continue it is likely they will start impacting trade flows across multiple geographies.

“If the situation in Europe deteriorates…I think you will start to see businesses phasing off on their purchasing and that will show up in the numbers later in the year,” said Green. “I think we are seeing an overall weakness with everybody looking ahead and wondering if we are heading into a recession or whether a modest recovery is coming.”

Despite these headwinds, Green said there is a decent possibility the economy could show signs of growth in the next two months as shipments begin to arrive at U.S. ports with merchandise for the holiday season. This will provide a glimpse into how optimistic businesses are feeling about the holiday season.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
The E-commerce Logistics Revolution
The technology and processes that are revolutionizing logistics and supply chain operations are helping today’s organizations keep pace with digital commerce.
Download Today!
From the January 2018 Logistics Management Magazine Issue
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and the most successful shippers will be those that are able to mitigate their impact on profitability. And, the right technology will play an increasingly vital role in driving efficiencies across the global logistics network.
The Future of Retail Distribution
Navigating the Reverse Supply Chain for Connected Devices
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
IAM, IoT and the Connected Supply Chain
There are three primary models of Identity and Access Management (IAM) technology that CTOs, CSOs, and Supply Chain executives are using to enhance their trading partner communities. While each leverages IAM and the IoT as core components only an “Outside-in” approach truly connects people, systems and things reliably and securely across the supply chain.
Register Today!
EDITORS' PICKS
State of Global Logistics: Delivering above and beyond
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and...
2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...

Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...