This post was originally published on The Economic Times
The volume of goods processed by Chinese ports slowed last week for the first time since the Lunar New Year holiday — a trend that will undercut the value of exports going forward if it continues.
China’s ports handled 244 million tons of cargo last week, 10% less than a week earlier and down 4% from the same week in 2024, according to Ministry of Transport data released Monday. The amount of cargo going through the nation’s ports peaked in the last week of March, which may represent a high point for Chinese trade if the dispute with the US escalates.
BloombergThe number of containers processed also fell from a week earlier, while air cargo flights grew by more than 30% for a ninth straight week. The data for the week ending Sunday is the first official look at how Chinese exporters reacted to the tariffs that were announced by President Donald Trump at his April 2 “Liberation Day” event. It contrasts with the picture over the first three months of the year, when the value of goods sent overseas grew almost 6%.
Hundreds of billions of dollars in Chinese
— Read the rest of this post, which was originally published on The Economic Times.
