In the first five months of this year, the total import and export value of the Yangtze River Delta region reached 7.82 trillion yuan, a year-on-year increase of 16.2%, and the scale reached a new historical high for the same period. The China US air routes have experienced a comprehensive "cabin explosion", with almost all cabin seats sold out in East and South China in June.
According to data from the customs department, the Yangtze River Delta exported 4.92 trillion yuan, accounting for 41.3% of the country's total exports. In US dollars, China's goods trade exports in May this year increased by 19.4% year-on-year, reaching the highest growth rate in nearly three months.
Since May, "competing for cabin space" and "competing for empty containers" have become the norm for freight forwarding companies in the Yangtze River Delta region. He Hongfen, Vice President of Operations of a freight forwarding company in Ningbo, said that since the end of last year, the US freight rates have gone through several rounds of increases, and the recent increase has been more significant.
Shipping prices continue to remain high, and there is a simultaneous shortage of containers, which has become a major concern for foreign trade traders.
The Ningbo Export Container Freight Index shows a significant increase in freight rates for the US West Coast route. Some freight forwarding companies have reported a significant increase in business volume on the US route compared to the same period last year, and the overall market has returned to peak season levels.
According to Shangguan News, Yiwu foreign trade operators are still seeking solutions to cope with the pressure of freight rates and cabin space.
The market is risky, and investment needs to be cautious. This article is generated by AI based on third-party data for reference only and does not constitute personal investment advice.