China's 10 biggest container ports handled 1.2% fewer boxes in October than in same period last year as the global appetite for goods from the world’s second-biggest economy has weakened.
The ports, which included Shanghai, Shenzhen, Ningbo-Zhoushan, Qingdao, Guangzhou and Tianjin moved a combined 13.2m teu in October from 13.3m teu in the same month the previous year, data from the China Ports and Harbours Association showed. The ports of Dalian, Xiamen, Yinkou and Lianyungang were among the top 10 ports, according to the data from the Shanghai-based group.
Shenzhen, the second-busiest port, as well as the ports of Guangzhou and Dalian posted year-on-year falls in container throughput, with Dalian leading the decline as its container volumes slumped 35.6% on year in October. Shanghai, the world’s busiest container port, moved 3m teu in October, flat from the same month in 2014.
Container volumes at the ports of Xiamen, Qingdao, Yinkou, Ningbo and Lianyungang rose in October from the same period a year before.
In the first 10 months of 2015, China’s 10 largest ports recorded a 3.2% increase in throughput to 132.9m teu from 128.8m teu in January to October last year.
China’s exports fell in October for the fourth consecutive month, down 6.9% year on year in dollar terms, following a 3.7% drop in September, China’s General Administration of Customs said early in November. Imports slid 18.8% on year after a 20.4% fall in September, reflecting in part weak domestic demand.
China’s growth in gross domestic product fell to 6.9% in the third quarter, dropping below 7% for the first time since 2009.
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