Americas

United States: The Port of Los Angeles saw November imports fall 11.5% and exports drop 8.4% year-on-year as shippers front-loaded cargo to avoid expected U.S. tariffs and retaliatory measures on U.S. goods, though total 2025 volume is still expected to reach about 10 million TEUs, roughly in line with 2024. Port officials and economists warn that ongoing tariff uncertainty, broader geopolitical risks, and the potential for companies to pass more tariff costs on to consumers in 2026 could further pressure trade flows and demand.

Despite this uncertainty, the Port of Long Beach remains on track for its busiest year on record, having moved more than 9 million twenty-foot equivalent units through the first 11 months of 2025, with port officials citing steady operations and no congestion despite shifting trade policies.

Asia-Pacific

India: According to the latest data from container marketplace platform Container xChange, India’s sea export volumes continued to soften in November, with a 6.3% year-on-year decline and Nhava Sheva recording a 9.2% drop. Over the same period, air cargo exports rose 9.8% year on year, highlighting a shift from sea to air for higher-value and time-sensitive shipments such as pharmaceuticals, perishables, and electronics.

Europe, Middle East & Africa

Egypt: Two container ships transited the Suez Canal on December 23 marking another cautious signal that disruptions affecting Europe–Asia trade lanes may be easing following improved regional security conditions. The move comes after a Gaza ceasefire took effect on October 10 and aligns with limited test transits by other carriers, including Maersk, though shipping lines continue to stress that any broader return to the corridor will be gradual and risk-dependent.