Imports Rose Again at U.S. Ports Last Month
By Erica E. Phillips | Updated Feb. 16, 2018 2:46 p.m. ET
Imports rose steadily at the nation’s seaports in January, as U.S. retailers and manufacturers restocked after the holidays and Chinese suppliers stepped up shipments ahead of an annual two-week factory shutdown during the Lunar New Year.
U.S.-bound ocean shipments increased nearly 7.7% across all of the nation’s seaports in January, according to research firm Panjiva Inc., which tracks trade data. That followed a record-setting year for import shipments to the U.S., which rose 4.1% in 2017 from the year before as the nation’s trade deficit expanded to $566 billion, its widest in nine years…
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