Asian container shipments to Europe in November fell 5.8 percent from October and were down 5.3 percent year-over-year, as the European debit crisis stifled import demand, according to Container Trade Statistics.
Imports to Europe from India and the Middle East also collapsed, down 14.7 percent month-over-month. European imports from Asia, India and the Middle East were the weakest since February 2010, according to CTS statistics.
“European imports from North America declined by 2 percent in November, another trade recording the lowest monthly volume of the year,” said CTS.
European exports to Asia grew 5.8 percent in November from October and were up 7.4 percent year-over-year. Exports to India and the Middle East increased 2.5 percent year-over-year, but were 9.6 percent lower than in the previous month.
Although European exports to North America fell 8.6 percent in November from October, European container shipments to Canada and the United States were up 7 percent year-over-year in the same period.
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