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Figure 8 Worldwide and U.S. Maritime Industry Ton-Miles: 1995-2007

Wednesday, December 21, 2011

Figure 8
Worldwide and U.S. Maritime Industry Ton-Miles: 1995-2007

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(Billions)

Year World United States Index 1995=100
World United States
1995 20,188 107 100 100
1996 20,678 106 102 99
1997 21,825 106 108 100
1998 21,588 108 107 101
1999 21,990 109 109 102
2000 23,693 118 117 110
2001 23,891 115 118 108
2002 24,172 109 120 103
2003 25,854 108 128 102
2004 27,574 122 137 115
2005 29,598 114 147 107
2006 31,447 120 156 113
2007 32,932 117 163 110

SOURCE: U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics, based on data from various sources. World-United Nations Conference on Trade and Development, Review of Maritime Transport, various issues, available at www.unctad.org/rmt as of Oct. 3, 2009. United States-U.S. Army Corps of Engineers, Waterborne Commerce of the United States 2007, Table 1-6, available at www.iwr.usace.army.mil as of Oct. 2, 2009.

  • During the past decade, the demand for maritime freight services, as measured by ton-miles, grew faster globally than for U.S. international freight. From 1995 to 2007, global maritime ton-miles grew at an average annual rate of 4 percent. Ton-miles grew less than 1 percent for the United States over the same period.

  • Global ton-miles grew faster as China and other countries increased oil imports from places other than the Middle East (e.g., Angola) and increased purchases of dry bulk cargo (e.g., iron ore) from South America (UNCTAD 2008).