News
Global economic prospects fell below expectations in March, signaling that the economic recovery, particularly in the Eurozone, remains bumpy and continues to be afflicted by complicated policymaking targeting national deficit reduction, the U.K.'s Container Trades Statistics (CTS) said.
The latest CTS aggregated volume data survey shows that global containerized exports in March fell on a year-to-year comparison by 1.67%, down to 10,945,700 TEUs, representing a contraction that was not completely in line with the ocean carriers' seasonal expectations.
According to the CTS data, total exports from Asia (including Intra-Asia) to all overseas markets monitored by CTS fell again this time by 2.71%, down to 5,989,900 TEUs, compared to March 2012.
Equally, the pace of growth momentum in Asian (including Intra-Asia) containerized imports was undermined again in March, with purchasing activity tailing off compared to the previous year. Total imports to Asia (including Intra-Asia) from all overseas markets fell by 7.21%, down to 4,102,700 TEUs.
Total exports from North America (including Intra-America), dropped by 1.85% to 1,326,800 TEU, compared to March last year, although, they were up by 7.89% since last month.
Conversely, total imports into North America (including Intra-America), rose by 8.58%, up to 1,907,800 TEU compared to March last year, and were also up 25.68% from a month ago.
