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2024

Port of Baltimore disruptions could especially affect trade with Europe and of vessels and heavy machinery

On March 26, 2024, the Francis Scott Key Bridge collapsed, and since then, efforts to clear the channel for shipping are ongoing. The Port of Baltimore handled trade valuing $6.96 billion in April 2023, representing 4.43 percent of all US imports and 3.25 percent of all US exports that month. Fifty-two percent of all trade by value through the Port of Baltimore either originated from or was destined for Europe, and 31 percent to or from Asia.
Despite its small size in terms of overall US trade, Baltimore is an important entry and exit point for selected commodities, such as bulldozers,…