Container throughput of major Chinese ports up 27% in strong recovery

The world’s first fully automated river-sea-rail multimodal port comes into operation in Guangzhou, south China’s Guangdong province, on July 28, 2022. It has a planned annual throughput of 4.9 million standard containers and uses BeiDou satellite navigation system, 5G, artificial intelligence, autonomous driving and other technologies. Photo: IC

Container throughput at China’s eight coastal hub ports rose 26.8% year-on-year in the last 10 days of July, with foreign trade showing strong growth of 29.3%, while domestic trade increased by 19.3%, according to industry data. Thursday.

Improving port activity, along with some other indicators, suggests that China’s foreign trade continues on a solid recovery trend, although challenges persist, including expectations of weaker external demand, noted trade experts.

In terms of individual ports, container throughput jumped 69% at Dalian Port, 54% at Shanghai Port and 68% at Ningbo-Zhoushan Port, according to data from the website of the China Ports and Ports Association.

Ningbo-Zhoushan Port said on Wednesday its container throughput stood at about 3.87 million standard containers, up 23.6 percent year-on-year, with bulk cargo throughput of about 86. .88 million tons, up 16.3%.

Based on preliminary statistics, the Port of Shanghai handled about 4.3 million standard containers in July, a new record for the month from previous years, the port said Monday via its WeChat account.

Among China’s top 10 ports, eight saw cargo throughput growth in the first half of the year, with Ningbo-Zhoushan ranked first, according to media reports.

Airports have also seen a rapid recovery in cargo handling. For example, Guangzhou Baiyun International Airport handled 720,000 tons of imported and exported cargo in the first half, with foreign trade value exceeding 190 billion yuan ($28 billion), up 19 percent year on year, media reported, citing local reports. customs.

After a 9.4 percent year-on-year gain in the first six months, China’s foreign trade in the second half maintains its growth momentum, said Bai Ming, deputy director of the international market research institute. from the Chinese Academy of International Trade. and economic cooperation, the Global Times told Thursday.

Behind the growth momentum lie several positive factors, including government policies that ease pressure from businesses, lower international shipping rates and an exchange rate that reversed the appreciation trend seen at the start of the year, Mr. Bai said.

With the entry into force of the Regional Comprehensive Economic Partnership, China and ASEAN, which are each other’s biggest trading partners, expect trade to grow, Bai said.

In the first half of the year, trade between China and ASEAN totaled $458.55 billion, up 11 percent year on year. The new China-Laos railway has delivered more than 6 million tonnes of freight since its commissioning last December, with 1 million cross-border shipments.

Yet challenges remain for the rest of the year, such as possible weaker external demand as the United States faces recession risks, and the United States and Europe have entered a cycle of rising interest rates, Bai said.

world times

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