New York and New Jersey harbour volumes rose four per cent in 2011 ending November with 5.06 million TEU while its west coast rivals Los Angeles increased slightly by 0.99 per cent to 7.29 million TEU while its neighbour, Long Beach, dropped 3.3 per cent to 5.55 million TEU.

    West and east coast harbour interests have been rivals in securing funding for dredging and infrastructure. New Jersey's Port Newark-Elizabeth Marine HONG KONG's total export value increases 10.1 per cent in 2011 compared to a year earlier, comprising a 10.5 per cent rise of re-exports and 5.5 per cent decline of domestic exports, while the value of imports rose 11.9 per cent, said a government statement.

    The Census & Statistics Department said a visible trade deficit of HK$427.3 billion (US$55 billion), equivalent to 11.4 per cent of the value of imports, was recorded last year.

    In December, the value of total exports, comprising re-exports and domestic exports, was up 7.4 per cent compared to the same period of 2010 to HK$271.8 billion, after a year-on-year increase of two per cent in November.

    Within this total, the value of re-exports increased 8.3 per cent to HK$267.1 billion, while the value of domestic exports shrank 26.5 per cent to HK$4.7 billion.

    Also, the value of imported goods in December increased 8.1 year on year to HK$320.7 billion, after a year-on-year increase of 8.8 per cent in November.

    A visible trade deficit of HK$48.9 billion, equivalent to 15.3 per cent of the value of imports, was recorded in December.

    On a seasonally adjusted basis, the value of total exports rose 0.1 per cent in the fourth quarter of 2011 compared with the preceding quarter, consisting of 0.1 per cent increase of re-exports and 2.5 per cent decrease of domestic exports. The value of goods imports fell 0.7 per cent in the last quarter of 2011.

(Source:shippingazette)