China's port activity sees robust growth in Jan-May 2023

01 Jul '23

1 min read

Pic: Shutterstock

Insights

China's port activity grew significantly in the first five months of 2023.
Container throughput rose 4.8 per cent YoY, handling 122.07 million twenty-foot equivalent units, data from the ministry of transport showed.
Cargo throughput increased 7.9 per cent YoY to 6.75 billion tonnes, while foreign trade cargo throughput climbed 8.5 per cent YoY.

China has reported a significant surge in its port activity during the first five months of 2023. Container throughput at Chinese ports rose by 4.8 per cent year-on-year (YoY), with a total of 122.07 million twenty-foot equivalent units handled, according to data released by the country’s ministry of transport.

Furthermore, the ministry revealed that cargo throughput also witnessed an upward trajectory, registering a 7.9 per cent increase from the same period in the previous year. The total volume reached 6.75 billion tonnes.

Foreign trade cargo throughput at these ports showed an even greater increase, climbing 8.5 per cent year-on-year.

In the month of May alone, China’s ports saw a 9 per cent year-on-year rise in cargo throughput, while container throughput went up by 4.8 per cent. The strong data underscores the robust growth of China’s port activity and indicates a sustained recovery in its foreign trade amid a gradually stabilizing global economy.

Fibre2Fashion News Desk (RKS)

More Textiles News - China...