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China's rail freight on the rise in early 2023

11 Jun '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • China's rail freight volume rose by 4.4 per cent in 2022, transporting 4.98 billion tonnes of cargo, an increase of 211 million tonnes from 2021.
  • Rail cargo transport turnover grew 8.1 per cent to 3.59 trillion tonne-kilometres.
  • The upward trend continues into 2023, with a 2.3 per cent year-on-year increase in Q1, underlining an ongoing economic upswing.
Positive growth trends continue into 2023 with China’s rail freight volume already up by 2.3 per cent year-on-year, having moved 970 million tonnes in the first quarter (Q1).

China’s rail freight volume saw a significant increase of 4.4 per cent in 2022 compared to the previous year, highlighting an upswing in economic activity, as per the data from the ministry of transport.

The transport system carried an impressive 4.98 billion tonnes of cargo, marking an increase of 211 million tonnes from 2021 figures. Additionally, the total turnover of China’s rail cargo transportation experienced an 8.1 per cent surge, reaching 3.59 trillion tonne-kilometres during the same period.

Fibre2Fashion News Desk (NB)

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