Europe Sees First Growth in Asia Box Imports

Europe Sees First Growth in Asia Box Imports

Asia’s containerized exports to Europe grew 2.4 percent in November, the first year-over-year growth in the key world trade lane during 2009, according to the European Liner Affairs Association.

Along with a 30 percent expansion in Europe-to-Asia trade, the third straight double-digit gain on those lighter trade lanes, the expansion signaled improving stability in business that was off more than 20 percent during the first half of the year.

The ELAA figures showed overall containerized Europe-Asia trade in both directions grew 10 percent in November over the same month a year ago, the first time this year the liner association has seen the business there expand.

The ELAA figures showed eastbound container volume from Asia to Europe also grew 1.7 percent in November from October. Reports in Asia have said China’s factories scaled up production sharply late in 2009, fueling export growth out of the region.