DHL GF: Ocean freight market update

DHL Global Forwarding’s topic of the month: “The Sino–US trade dispute has hit container volumes from China to the United States and, compared to the same period last year, numbers for the first five months of 2019 show a 6.5% reduction in Chinese exports to US ports. Although China remained by far the largest origin of US containerised imports, its share has reduced from 46% in 2018 to 42% this year. Overall US container imports during the period still grew by 2.8%, as most other cargo origin countries recorded volume increases. Vietnam recorded the largest increase at 30.7%. Its total exports to the US increased from 431,890 TEU to 564,420 TEU and the country emerges as the main beneficiary of the Sino – US trade dispute.”

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