Japan’s containerized cargo trade will remain almost unchanged in fiscal 2014, which started on April 1, from the previous fiscal year, a Tokyo-based research firm predicted in a new report.
Japan’s containerized cargo trade is estimated to have risen 1.6 percent in fiscal 2013 from a year earlier to 12.512 million 20-foot-equivalent units (TEUs), Nittsu Research Institute and Consulting Inc. (NRIC) said.
The nation’s containerized cargo trade will rise for the second year in a row in fiscal 2014, inching up 0.1 percent to 12.525 million TEUs, NRIC predicted.
After two years of decline, loaded container cargo exports from nine major Japanese ports will grow 2.8 percent in fiscal 2014 to 5.167 million TEUs amid a steady recovery in the global economy, NRIC predicted.
The anticipated growth in exports will be led by general machinery, electric machinery and auto parts, NRIC said.
Loaded container cargo imports at the nine major Japanese ports will fall for the first time in two years in fiscal 2014, dropping 1.7 percent to 7.358 million TEUs, as consumer spending will be hit hard by the consumption tax hike on April 1, NRIC predicted.
The nine major Japanese ports, which include the ports of Tokyo, Yokohama, Nagoya, Osaka and Kobe, account for about 90 percent of the nation’s overall containerized cargo trade — both exports and imports.
NRIC is a subsidiary of Nippon Express Co., Japan’s largest international freight forwarder commonly known as Nittsu in the country.
According to NRIC’s latest report, Japanese air cargo trade is estimated to have declined 1.1 percent to 2.025 million tonnes in fiscal 2013 and will edge down 0.5 percent to 2.015 million tonnes in fiscal 2014. Japanese air cargo trade tumbled 9.6 percent in fiscal 2012.
In fiscal 2014, air cargo exports are projected to increase 3.5 percent to 926,000 tonnes, but air cargo imports are projected to decline 3.7 percent to 1.089 million tonnes.
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