The value of Chinese exports increased by 7% in 2022, while imports grew only 2.5%. This follows growth of 30% in 2021. These numbers hide some very uneven performance on a province and trading partner level, which reflect changing Chinese trading patterns with key partners such as the US, but also economic weakness in Europe.
Posts tagged as “Europe”
Transatlantic air cargo was a real bright spot in 2022, both in terms of volumes and market rates. Containerised shipping did not do as well in volume terms, but rates have remained strong even as they have tumbled back down to earth in other markets. This analysis discusses the interplay between demand, capacity, and the relative competitive position between air and sea freight and how this is likely to evolve over the next year.
China to Europe rail import and export volumes are down 10% and 56%, respectively, for the first 10 months of 2022. This follows several years of phenomenal growth, where both imports and exports into the 27 Members States of the European Union (EU) grew by 27% annually.