North Europe’s import volume in 2013 is projected to decrease by 8.9 percent to 12.2 million 20-foot-equivalent units, according to the North Europe Global Port Tracker, released by Hackett Associates and the Institute of Shipping Economics and Logistics.
On the other hand, the report predicts that North European exports, which declined in 2012, will inch up by 0.7 percent this year.
Overall, international trade to Northern Europe is as weak as it was during the Great Recession, the report said.
European imports as a whole are projected to rise 4.1 percent, however, buoyed by 27.5 percent growth in imports in the Mediterranean-Black Sea region, to 9.4 million TEUs. It is anticipated that exports will grow as well, rising 6.4 percent, again thanks to strong (16.5 percent) growth in the Mediterranean-Black Sea region, where volume is expected to hit 7.1 million TEUs.