Ports: A Year of Upward Transition

Growth in U.S.-international trade accelerated at an unprecedented pace in response to the spike in consumer demand during the COVID-19 pandemic. The United States is one of the world’s largest trading nations, with nearly $6 trillion in exports and imports of goods and services from the latest available 2021 data.

Of the total U.S. international trade of goods and services, the import and export of goods alone exceeded $4.6 trillion (77.4 percent) in 2021, up from $3.8 trillion in 2020. The Nation’s ports handled 41.1 percent (over $1.8 trillion) of the U.S. international trade by value in 2021. U.S. imports of goods grew by almost $506 billion or 21.5 percent while the export of goods grew by more than $329 billion or 23.0 percent between 2020 and 2021.1

Read the complete article from Expansion Solutions Magazine here.