![]() April brings the lowest volume for imports for over two years. US total imports are down 12.6% year-to-date with imports from China, Mexico and India being the hardest hit with decreases of over 20% (Figure 2). For the US, imports of all commodities are down in volume compared to the same period in 2019. As port callings data is a daily dataset it can provide insight into how trade may develop before official trade statistics are released. Using IHS Markit's Global Trade Atlas, US trade can be broken down to the port level which can be combined with our port callings data to see impacts of COVID-19 on trade and the shipping industry. Lockdown) and COVID-19 reported cases effects upon both trade and shipping activity within each individual state. The situation in the United States makes for an interesting Case Study should one want to see the causality and influence that government measures (i.e. Source: Centre for Disease Control and Prevention There is a lot of variation in the number of cases and subsequent responses between different states and the densely populated states such as New York have been highly impacted (Figure 1).įigure 1: Coronavirus cases in the US by state. Congress are currently seeking to extend financial aid and the number of new unemployment claims in the US has topped one million for the last 17 weeks. However, in the US this coincides with a confirmation that the number of cases in the US had risen above four million and deaths above 145,000. ![]() The US is no exception, with many states opening since early May and Trump actively pressing for schools to re-open and business to return to normal. Using vessel port callings data combined with trade data to analyse the US response to COVID on a state level.īy the beginning of July much of the world was slowly returning to a new sense of normality following the COVID-19 pandemic as government guidance continues to evolve surrounding COVID-19, we're now starting to see small business such as shops, restaurants and bars open again, as well as beginning to feel a growing encouragement from many governments to slowly start considering moving individuals back into their offices. Consultant, Chemical Consulting, S&P Global Commodity Insights
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