News
China port cargo throughput growth decelerated further to 3% year on year in the first quarter (January-March) of 2025 from 4% in the fourth quarter (October-December) of 2024, according to Fitch Ratings.
The slowdown was due mainly to reduced throughput from bulk commodities but offset partially by front-loading exports via container shipments.
Container growth rose to 8% from 5% due partially to businesses expediting shipments in anticipation of U.S. tariff hikes in April 2025.
China's export value rose further by 5.7% versus 10%, given the ongoing front-loading effect.
