Japan's Container Trade Expected to Rise 2.6 Percent in FY2013

Japan's Container Trade Expected to Rise 2.6 Percent in FY2013

Japanese containerized cargo trade will rise 2.6 percent in fiscal 2013, which started on April 1, from a year earlier to 12.760 million 20-foot equivalent units, a Tokyo-based research firm predicted in a new report.

The pace of growth in Japanese containerized cargo trade will quicken from an estimated zero growth in fiscal 2012, Nittsu Research Institute and Consulting, Inc. (NRIC) said.

In fiscal 2012, containerized cargo exports from nine major Japanese ports are estimated to have edged down 0.7 percent, while containerized cargo imports there are estimated to have inched up 0.5 percent on a year-on-year basis, NRIC said.

NRIC predicted that containerized cargo exports will rise for the first time in three years in fiscal 2013 amid a mild recovery in the global economy, while containerized cargo imports will grow at a faster pace in fiscal 2013 than in fiscal 2012.

According to NRIC’s report, loaded container cargo exports from the nine major Japanese ports are projected to rise 2.8 percent in fiscal 2013 to 5.219 million TEUs, while loaded container cargo imports there are projected to rise 2.5 percent in fiscal 2013 to 7.541 million TEUs.

“Exports to the United States are expected to remain firm,” NRIC said. NRIC is a subsidiary of Nippon Express Co., Japan’s largest international freight forwarder, commonly known as Nittsu in the country.

The nine ports, which include the Port of Tokyo, the Port of Yokohama, the Port of Nagoya, the Port of Osaka and the Port of Kobe, account for about 90 percent of Japan’s total containerized cargo trade — both exports and imports.

According to NRIC’s report, Japanese air cargo trade is projected to eke out a 0.7 percent gain in fiscal 2013 to 2.061 million tons after tumbling an estimated 9.6 percent in fiscal 2012.

In fiscal 2013, air cargo exports are projected to drop 1.3 percent to 889,800 tons, while air cargo imports are projected to increase 2.2 percent to 1.172 million tons.

Contact Hisane Masaki at yiu45535@nifty.com.