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Imports Will Decline

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The economic effects of the coronavirus pandemic continue will cause imports at major U.S. retail container ports to see double-digit year-over-year declines this spring and summer.

“Factories in China are largely back online and stores that closed here in the U.S. are starting to reopen, but volume is far lower than what we would see in a ‘normal’ year,” NRF vice president for Supply Chain and Customs Policy Jonathan Gold said. “Shoppers will come back and there is still a need for essential items, but the economic recovery will be gradual and retailers will adjust the amount of merchandise they import to meet demand.”