Japanese containerized cargo exports will slow to 0.2 percent in fiscal 2011, which started on April 1, after growing 9.2 percent the fiscal year previous, said a Japanese research firm.
The country will export 5.321 million 20-foot equivalent container units by the end of March, said. Nittsu Research Institute and Consulting. Exports in the first half of fiscal 2011 sank an estimated 3.5 percent year-over-year to 2.60 million TEUs.
Total exports in August rose the first time on year-over-year since the earthquake and tsunama hit northeastern Japan in March.
Exports are projected to recover in the second half of fiscal 2011 due to the restoration of supply chains disrupted by disasters, said NRIC, a subsidiary of Nippon Express, Japan’s largest international freight forwarder.
NRIC said containerized cargo exports in the second half of fiscal 2011 will grow at a mild pace of 3.8 percent from a year earlier to 2.741 million TEUs, as the global economy slows and the value of the yen rises.
Contact Hisane Masaki at firstname.lastname@example.org.