Containerized exports from Far East Asia to all reported regions increased in May 2013 year-over-year, according to data from Container Trades Statistics Ltd. Exports to Australasia/Oceania, the Indian subcontinent and the Middle East, and Sub-Saharan Africa all experienced double-digit growth. “Global trades have continued to grow in May, raising hopes that a sustainable containerized volume recovery could finally drag the industry out of the current downturn,” CTS said in a recent release.
Far East Asia to Australia/Oceania
Far East Asia exported 183,100 20-foot-equivalent unit containers to Australasia and Oceania in May, an increase of 12 percent year-over-year and the eighth month of double-digit growth in the past year. May TEU volume in the trade was up 7.8 percent month-to-month. Far East Asia exported 807,400 TEUs to the region in the January-May 2013 period, an increase of 12 percent year-over-year. The Far East Asia-Australasia/Oceania price index slipped 1 point to 91 in May.
Far East Asia to Europe
May's exports from Far East Asia to Europe inched up 0.2 percent year-over-year to 1,198,600 TEUs, the lane's highest export volume since January. Containerized exports in May were up 3.4 percent from April. In the first five months of 2013, exports from Far East Asia to Europe edged down 0.7 percent year-over-year, totaling 5,652,800 TEUs. The CTS index of rates in this trade fell 8 points to 67 in May.
Far East Asia to India Subcontinent/Middle East
Containerized trade from Far East Asia to the Indian subcontinent and the Middle East jumped 14.4 percent year-over-year in May 2013 and was up 16.6 percent from April. The volume reached 754,700 TEUs, the first time volume surpassed 700,000 in this lane since the JOC began collecting this data in January 2011. This followed year-over-year declines in February and March and a minimal increase of 0.2 percent in April. Exports from Far East Asia to the region in the first five months of 2013 totaled 3,159,200 TEUs, up 3.7 percent over the same period in 2012. The CTS price index stayed flat at 82 in May.
Far East Asia to North America
The containerized export trade from Far East Asia to North America rose 6.2 percent year-over-year to 1,426,300 TEUs in May 2013. Volume has increased year-over-year for the past three months. May's export volume was also 2.4 percent higher than the volume in April. Exports from Far East Asia in this lane through May 2013 grew 6.7 percent year-over-year to 6,528,700 TEUs. The CTS index declined from 98 in April to 97 in May.
Far East Asia to South/Central America
Far East Asia exported 339,100 TEUs to South and Central America in May 2013, and increase of 3.6 percent year-over-year and a jump of 13.3 percent from April. In the first five months of 2013, exports from Far East Asia in this lane slipped 2.3 percent year-over-year to 1,487,400 TEUs. Rates in this market as indexed by CTS dropped another 3 points to 73 in May.
Far East Asia to Sub-Saharan Africa
Containerized exports soared 16 percent year-over-year in May 2013, totaling 309,800 TEUs, compared with May 2012’s export volume of 267,100 TEUs. This lane has seen year-over-year growth for the past seven months. May volume was up 12.5 percent from April. Exports through May totaled 1,341,600 TEUs, up 12 percent from the same period in 2012. Rates in this market as indexed by CTS fell 1 point to 75.