Global port activity was strong in March, Panjiva analysis of seven countries shows. Total container handling across China (mainland and Hong Kong), South Korea, Singapore, the U.S., Mexico and Brazil increased 9.9% on a year earlier, bringing the first quarter to a 6.6% increase. When combined with a 14% rise in air cargo handling, as outlined in Panjiva research of May 3, that supports the idea of continued global trade growth after a 2.5% rise in February.
A 26.5% increase in Mexican imports and exports led the way, Panjiva data shows. Meanwhile Brazil was the only country to shrink, by just 0.7% as a rise in imports offset lower exports. In Asia Hong Kong grew the quickest, outpacing mainland China, Singapore and South Korea. The U.S. meanwhile expanded 11.8%, led by a jump in handling in California.
Source: Panjiva