News
Containerized shipments traded between Japan and China plunged 17.6% from a year earlier to 689,214 tons in February, according to figures that the Japan Maritime Center (JMC) compiled from trade statistics provided by the Ministry of Finance (MOF). Notable decreases in wastepaper, organic chemical, diapers and other commodities made the route incur a year-on-year decline for 12 months in a row. In terms of value, they shrank 7.9% to ¥607.6 billion, registering a year-on-year contraction for three months running.
Imports from China plummeted 47.4% to 761,655 tons, resulting from remarkable falls in most major items. Lowering year on year for the fifth consecutive month, they hit a record low for the month of February. On a value scale, they sank 55% to ¥403.6 billion, suffering a year-on-year shrinkage for eight straight months.
