U.S. Ports and Economic Indicators: Cargo Volume Analysis
U.S. Ports and Economic Indicators: Cargo Volume Analysis
U.S. port cargo volumes serve as an important indicator for understanding the state of the economy. In 2022, marine gateways accounted for 40% of international cargo value, experiencing significant cargo growth particularly during the pandemic. Between 2018 and 2020, the 12 largest U.S. ports processed approximately 46 million TEU (twenty-foot equivalent units), but this figure rose above 53 million in 2021 and 2022, leading to severe congestion and logistics delays. By 2023, volumes normalized to pre-pandemic levels. Monitoring port-specific monthly data helps understand the level of cargo trade. Users can filter this information to examine it by port, coast, or month.
Key Notes:
Marine gateways handled 40% of international cargo value in 2022.
Between 2018 and 2020, the 12 largest ports processed 46 million TEU in cargo; this figure rose to 53 million TEU in 2021 and 2022.
In 2023, volumes returned to pre-pandemic levels.
Monthly data is important for understanding the current state of cargo trade.
News Link: https://www.supplychaindive.com/news/largest-us-ports-by-volume-month-coast-cargo-trends/693493/