News
Global containerized exports in November fell 4.72% from last month to 10,384,800 TEUs, according to U.K.'s Container Trades Statistics (CTS). Despite the relative weakness however, ocean carriers will be pleased to note that, year-on-year, November was up by 5.47%, and this has also been the best November performance for over two years, indicating that the prospects for a sustainable container volume recovery remain quite encouraging, said the CTS report.
Total exports from Asia (including Intra-Asia) to all overseas markets monitored by CTS went up by 6.23% to 5,795,200 TEUs from November last year, maintaining their growth for the seventh consecutive month. Exports to Australasia and Oceania showed the largest increase followed by exports to the Europe. Exports to North America remained relatively flat, while exports to the India Subcontinent and Middle East, South and Central America, and Sub Saharan Africa went on the decline.
Total exports from North America (including intra-North America) maintained their positive momentum for a fifth month in a row. These went up by 7.10% to 1,233,300 TEU from a year ago. Containerized exports to Asia displayed the largest increase followed by exports to Europe, although exports to all other markets showed negative growth.
In the opposite direction, containerized imports into North America (including intra-regional cargo) remained relatively flat mainly due to inflationary pressures which have hit a new high since September. Total volumes grew by a marginal 2.03% to 1,736,200 TEU from a year earlier, as consumers continue to keep a tight hold on their money with reports that US retail sales continue to slip.
