ACC Statement on Impact of US Port Strike on Chemical Manufacturing

WASHINGTON (October 1, 2024) – The following statement regarding the impact of the strike at U.S. Eastern and Gulf Coast ports can be attributed to Chris Jahn, President and CEO of American Chemistry Council:

“The chemical industry is one of the nation's largest shippers of all modes of transportation, including ocean shipments through our nation's ports. The port strike is particularly concerning for our industry because approximately 90% of waterborne chemical shipments entering and leaving the United States pass through ports on the East Coast and Gulf Coast.

Chris Jahn, President and CEO | American Chemistry CouncilNearly all manufactured goods are affected by the chemistry sector, meaning that the transportation of chemicals is essential to the functioning of the economy. Chemicals shipped through these ports are used by all segments of the economy, including chemicals needed in health care, energy production, agriculture, automobile manufacturing, construction and construction, household products, aerospace and defense, semiconductor chips and electronics, and much more.

“Closing ports along the Eastern and Gulf Coasts will cause major disruption to chemical imports and exports, which, in turn, will harm the economy as a whole, both here and abroad . We urge the White House to do everything possible to prevent this major shockwave from rippling through the U.S. supply chain and harming U.S. trade by working with both sides to resume contract negotiations.

Chemical Industry Statistics The American economy is based on chemistry. More than 25% of American GDP comes from the chemical sector. 639 billion dollars generated each year by the chemical sector. 10% of US exports of goods come from the chemical sector, which is one of the largest exporters in the United States. Accounting for $164 billion in exports in 2023. 12% of the global chemical supply is produced in the United States, which is the world's second largest chemical producer. chemicals. U.S. chemical exports have increased 29% over the past decade. 28% of chemical shipments are exported globally. Chemical Transportation Statistics One billion tons of chemicals were transported in 2023, making the chemical sector one of the largest shippers in the country. With new capital investments, by 2032, U.S. production of chemicals and polymers is expected to increase by more than 25 million tons. ACC estimates that this new production will result in more than 337 additional shipping container shipments. East Coast and Gulf Statistics Ports closed by the strike account for about 90 percent of navigable chemical shipments entering and leaving the United States. About 138 million tons of chemicals were transported through Gulf Coast ports and about 31 million tons of chemicals. were transported through East Coast ports in 2022. These chemical shipments were worth more than $100 billion. Chemicals shipped to and from these ports are used by all segments of the global economy, including chemicals needed for healthcare, advanced energy, agriculture, automobile manufacturing, construction and construction, household products, aerospace and defense, semiconductor chips and electronics. , and more. Top Ports – Total Chemical Traffic Houston Port of South Louisiana New Orleans Port of Greater Baton Rouge New York/New Jersey Top Ports for Chemical Imports Houston New York Port of South Louisiana New Orleans Savannah Top ports for chemical exports Houston Port of Greater Baton Rouge New Freeport of Orleans Corpus Christi

Sources 1/ https://Google.com/ 2/ https://www.americanchemistry.com/chemistry-in-america/news-trends/press-release/2024/acc-statement-regarding-impact-of-us-port-strike-on-chemical-manufacturing The mention sources can contact us to remove/changing this article

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