West India drives container trade growth

According to a recently released report by global shipping giant Maersk, India’s containerised trade (including export and import) grew by 6% in the Q4 2018. Increasing demand for refrigerated cargo from India coupled with improved trade relations with China with introduction of favourable trade policies, has driven exports to grow a healthy 3% in Q4.

The demand for India-made goods such as vehicles, cereals and rice; supplemented by refrigerated cargo such as fish, seafood, vegetables and pharmaceuticals saw maximum growth in exports.

West region saw the highest growth of imports of dry commodities with strong growth in iron and steel scrap and electrical motors, while exports were largely driven by vehicle exports to Mediterranean countries like Egypt and Turkey. On the contrary, North region saw the highest growth of exports of dry commodities with plastic and rubber being the highest exported commodity.

Spread the love

Related posts

Leave a Comment