"Year-on-year growth of 7.9! Domestic trade downturn, foreign trade demand recovery did not meet expectations, where is the growth point?"
Jul 03,2023

On May 30, the Ministry of Transport released the national port cargo and container throughput data from January to May 2023.From January to May, the country's ports completed a total of 6.746 billion tons of cargo throughput, an increase of 7.9 percent over the same period last year, of which domestic and foreign trade throughput increased by 7.6 percent and 8.5 percent respectively, and completed container throughput of 0.122 billion TEUs, an increase of 4.8 percent over the same period last year.

The port once again handed over a good-looking throughput data, but in the January-April throughput ranking released by the port circle, the data was equally good, and readers in the message generally reflected that there was a deviation from the actual feeling. The port throughput data is indeed inconsistent with other economic data. In the operation of China's Purchasing Managers Index released by the National Bureau of Statistics in May, the Manufacturing Purchasing Managers Index (PMI) was 48.8, a decrease of 0.4 from the previous month. Percentage points, below the critical point, the manufacturing boom level dropped slightly, of which new export orders were 47.2; the monthly import and export data released by the General Administration of Customs showed that in US dollars, in the first five months, my country's imports and exports fell by 2.8, and in May, imports and exports fell by 6.2; in May, the Xinhua Pan-Asian Domestic Trade Container Freight Index also fell below 1200 points. Overall,Domestic trade is not in the doldrums, and the recovery of foreign trade demand has not met expectations. Where is the growth point of the port?

From January to May, the top 10 national port container throughput are: Shanghai Port (1st), Ningbo Zhoushan Port (2nd), Qingdao Port (3rd), Shenzhen Port (4th), Guangzhou Port (5th), Tianjin Port (6th), Xiamen Port (7th), Suzhou Port (8th), Beibu Gulf Port (9th), Rizhao Port (10th).
Compared with last month, the ranking in the ranking list has remained basically unchanged. Dalian Port and Yantai Port continue to share 13 places again. Shenzhen port and Dongguan port, which are located in the Pearl River Delta, are the only two ports with negative growth rate in the list. In contrast, the port of Yangtze River Delta, another economic center of China, continues to grow, which is largely due to the difference in export structure between the two places.
In the first five months, China's exports to the United States were 1.38 trillion yuan, down 8.5 percent, and exports to the European Union were 1.48 trillion yuan, up 2.4 percent.Shenzhen PortIt has always been a major city on the U.S. line, and this yearThe tragic situation on the U.S. line is obvious to all, with almost all of the new players pouring in between the epidemic withdrawing, and the three major shipping alliances withdrawing nearly 1/4 of their capacity.Take the route from Asia to the United States as an example, which has been reduced from 52 routes in 2022 to 40 today. Specifically, the number of US lines departing from Shanghai Port and Shenzhen Port has dropped from 30 to 23. Therefore, Shenzhen Port has not been able to stop the decline and is fed to ports such as Shenzhen Port and Hong Kong Port.Dongguan PortThe decline further widened.
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