According to a recently released report by Maersk India, India’s container exim trade grew by 3 per cent in the first quarter of 2019. The growth has mostly been pushed by the exports segment whereas there was definite contraction in import container trade growth.
The study earmarks growth in container exports at 6 percent driven by sectors like refrigerated cargo, engineering and pharma. Middle East and China were the two significant trade lanes where the outbound container trade growth was witnessed. The container imports growth, however, slipped in a negative territory at -2.2 percent.
Commenting on the key findings of the report, Steve Felder, Managing Director, Maersk (South Asia), said: “Indian exporters are expanding their geographical range and product diversification, with visible shift towards higher value-added manufacturing and technology-driven items. Exports have remained strong even as the rupee appreciated against the dollar, showing a strong demand for exports from India.” Plastic and rubber, tile, textiles, seeds, cereals and flour were some of the major commodities exported to the countries in the Middle-East and China resulting in modest outbound container trade growth.