CHINA's seaborne container shipments to the US jumped 15 per cent year-on-year in June, showing resilient supply and demand between the world's two largest economies despite intensified decoupling by the US, reports Beijing's Global Times.
Multiple factors contributed to the growth, industry experts said, including the early preparation and delivery of products for Christmas as well as a seasonal shopping spree that falls in late November.
According to US-based research company Descartes Datamyne, the numbers of containers moved from Asia to the US in June increased by 16 per cent year-on-year, Nikkei reported. It was the 10th consecutive month of year-on-year growth.
The Chinese mainland, which accounted for nearly 60 percent of the total volume, rose 15 percent, the Nikkei reported.
All of the top 10 products exceeded the same period last year. The largest increase was in automotive-related products, which grew 25 per cent, followed by textile products, which rose 24 per cent, according to the report.
The figures are in line with data released by China's General Administration of Customs on July 12. In June, China-US trade amounted to CNY420.94 billion (US$57.8 billion), a year-on-year increase of 2.9 per cent. China's exports to the US rose 4.7 per cent, maintaining a positive trend.
Chinese experts said that the trend shows that China-US trade relations remain resilient and strong, despite the US government's attempts to decouple from China.
"The resilient state of supply and demand between the two major economies played an important factor in driving the growth," Gao Lingyun, an expert at the Chinese Academy of Social Sciences, told the Global Times.
Another reason for the rising cargo volume might be that businesses are speculating about possible heavier tariffs, depending on the US presidential election result, so they're ramping up goods production and delivery, Mr Gao said.