Imports Heading for Record Levels

The National Retail Federal said this week that it expects 2021 imports to set records for largest volume and fastest growth on record.

The trade group said retail imports for 2021 are expected to total 26 million 20-foot equivalent units (TEUs), up 18.3 percent over last year and the highest number since NRF began tracking imports in 2002.

If those projections hold up, they would surpass last year’s record of 22 million, a 1.9 percent increase.

In a news release, NRF said the highest growth was 16.7 percent in 2010, when the economy was recovering from the Great Recession of 2008.

NRF officials said that despite double-digit growth of imports, single-month year-over-year growth has remained in the single digits and is expected to stay that way through the first quarter of 2022.

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: