The August CTS aggregated volume data survey provided further evidence that the global containerised trade recovery gathered pace, showing signs that the industry may be finally pulling out of one of its longest recessions in history.
Overall, global containerised exports in August grew by 6.25% to 10,949,700 TEU compared to August of last year. Underpinning the latest expansion was a sixth straight month of year-on-year growth, the strongest since April.
The latest CTS survey shows that total exports from Asia (including Intra-Asia) to all overseas markets monitored by CTS showed robust growth across the board and edged up by a much higher 7.29% to 6,240,000 TEU compared to August last year. Exports to all overseas markets monitored by CTS gained further momentum with the markets to Europe, the Indian Subcontinent and Middle East, and Sub Saharan Africa leading the on-going recovery for the second consecutive month.
In the opposite direction, containerised liftings into Asia showed positive growth for the first time since January. Imports from all overseas markets went up by 5.12% to 3,899,100 TEU compared to August last year, with data from the markets of India Subcontinent and Middle East, South and Central America pointing to a welcome upswing.
Total containerised exports from the Indian Subcontinent and Middle East trade continued to expand in August, despite growth easing from the previous month. CTS data shows that exports from ISCME (including intra-ISCME) edged up by 3.18% to 609,900 extending the current sequence of growth to two months. Exports from ISME to Europe - its strongest trading partner - went up 8.86% year-on-year.