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China ports’ container throughput up 4.8% y-o-y to 95.4 million TEUs the first four months of 2023
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Total cargo throughput at the ports stood at 5.28 billion tons in the period, up 7.6% from January-April 2022 with foreign trade rising 8.1% y-o-y
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The top Chinese port that registered the largest throughput among the country’s top 10 ports in January-April 2023 was North China’s Tianjin Port
Robust trade at China’s ports drove container throughput up 4.8% year on year in the first four months of 2023, Xinhua reported on June 4, citing official data.
In this period, some 95.43 million TEUs (twenty-foot equivalent units) of containers were handled at the country’s ports, Xinhua said, citing the Ministry of Transport.
Total cargo throughput at China’s ports stood at 5.28 billion tons in the same period, up 7.6% from the same period of 2022. Cargo throughput for foreign trade rose 8.1% y-o-y, Xinhua said.
In April alone, cargo throughput at China’s ports jumped 11.8% year on year, while container throughput went up 8.6%, the data revealed.
Imports and exports between China and the 14 other Regional Comprehensive Economic Partnership (RCEP) members alone grew 7.3% y-o-y to 4.1 trillion yuan (US$580.16 billion) in the first four months of 2023, according to data from the China’s General Administration of Customs.
One particular Chinese port that reported robust growth in the first four months of 2023 was North China’s Tianjin Port, Xinhua reported.
In a May 1 dispatch, Xinhua cited data from the Tianjin Customs that said the port’s foreign trade increased 16.9% y-o-y to 660.87 billion yuan (about US$93.1 billion) from January 1 to April 30 this year.
The growth rate ranked first among China’s top 10 ports, Xinhua quoted customs authorities as saying.
Trade with members of the Association of Southeast Asian Nations (ASEAN) passing through Tianjin Port from January to April totaled 110.28 billion yuan, up 50.3% y-o-y.
The port’s trade with countries along the Belt and Road and members of the RCEP rose 36.7% and 21.3%, respectively, Xinhua reported.
The port saw robust exports of electric passenger vehicles and lithium batteries, up by 126.7% and 142.3%, respectively. It also saw increased imports of airplanes, soybeans and frozen goods over the period.
For full-year 2022, China’s import and export trade with the other RCEP members expanded 7.5% y-o-y to 12.95 trillion yuan, GAC said.
With the Philippines starting to implement its RCEP commitments on June 2, China’s external trade is expected to grow further, especially as the economies of China and its trade partners gradually recover from the impact of the pandemic.
