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Chinese were celebrating the 2023 spring festival on January, there is little production and of course less exports. Look at the periodic drop in previous years.

Please, look back after more data become available.

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It has tripped me up several times, something shipped from china and it ends up in limbo for a couple of weeks, every time it has ended up being lunar new year. My understanding is there are a lot of people traveling and the normal logistical channels suffer accordingly. So late February early March shipping gets very weird from china. Sort of like trying to do business in the US between Christmas and new year, but worse.

RTFA

>Compared with January 2022, the level of U.S. imports from China is down by 20.1%.

I should elaborate a bit more, spring festival is based on a lunar calendar, so it's date in Gregorian calendar will float. Last year it was February 1 and in 2021 it was February 12.

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