News
Container exports from Asia to Europe amounted to 1.27 million TEUs in October, according to Container Trades Statistics (CTS) data compiled by the Japan Maritime Center (JMC). They increased 14.7% from a year earlier, accomplishing a year-on-year improvement for eight straight months.
Exports from China and Hong Kong accounted for 945,641 TEUs, up 18.8%; from other parts of Northeast Asia, 140,799 TEUs, up 7.4%; and from Southeast Asia, 184,439 TEUs, up 2%.
By destination, exports increased to all regions, growing 5.9% to 784,728 TEUs to North Europe, 27.6% to 226,550 TEUs to the western Mediterranean and 37.1% to 259,608 TEUs to the eastern Mediterranean.
In January-October, Asia exported 13.8 million TEUs to Europe, up 6.5% year on year. In 2023, exports from Asia to Europe are expected to stand on par with their pre-pandemic volume in 2019.
Meanwhile, imports from Europe to Asia totaled 581,004 TEUs in October, up 1.5% from the corresponding month of 2022, which was their first year-on-year expansion in three months.
From North Europe, 399,740 TEUs were imported, down 3.4%, and from the western Mediterranean, 90,796 TEUs, down 2.5%. In contrast, those from the eastern Mediterranean jumped 38% to 90,468 TEUs.
To China, imports from Europe fell 1.6% to 289,954 TEUs, and to other parts of Northeast Asia, 5.7% to 117,655 TEUs. On the other hand, those to Southeast Asia ballooned 13.3% to 173,383 TEUs.
In the first 10 months, Asia imported 5.33 million TEUs from Europe, down 5.1%.
