China's box trade gap narrows
Half of all US and German container imports in 2009 came from China
The imbalance in Chinese box trade narrowed last year as imports increased by 11.4% and exports fell by 16.7%.
Analysis by Seabury Cargo Advisory reveals that the import share of Chinese containerised ocean trade increased from 25% in 2008 to 33% in 2009.
However, overall, China’s ocean trade declined by 9% last year.
Seabury also revealed that for the first time, 50% of containerised imports into the US and Germany were from China.
Other developments that underlined an increased dependency on China were that 22% of German exports were destined for China, compared with 9% in 2000, and that Japan shipped 32% of its exports to China in 2009, compared to 28% in 2008.
The US showed a similar pattern to Germany, as its imports from China grew in 2009 to 52% of its total compared with 31% in 2000.
The combined import share of the US’s other large partners -- Japan, Germany, Italy, Brazil, Taiwan and South Korea -- decreased from 29% to 16%.
The research also revealed that approximately 8% of China’s exports, including sectors such as fashion goods, showed no decline in 2009.
However, 39% of export commodities, related to transport as well as consumer hi-tech items, toys and household goods, failed to show any increase during the year.
Analysis by Seabury Cargo Advisory reveals that the import share of Chinese containerised ocean trade increased from 25% in 2008 to 33% in 2009.
However, overall, China’s ocean trade declined by 9% last year.
Seabury also revealed that for the first time, 50% of containerised imports into the US and Germany were from China.
Other developments that underlined an increased dependency on China were that 22% of German exports were destined for China, compared with 9% in 2000, and that Japan shipped 32% of its exports to China in 2009, compared to 28% in 2008.
The US showed a similar pattern to Germany, as its imports from China grew in 2009 to 52% of its total compared with 31% in 2000.
The combined import share of the US’s other large partners -- Japan, Germany, Italy, Brazil, Taiwan and South Korea -- decreased from 29% to 16%.
The research also revealed that approximately 8% of China’s exports, including sectors such as fashion goods, showed no decline in 2009.
However, 39% of export commodities, related to transport as well as consumer hi-tech items, toys and household goods, failed to show any increase during the year.
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