Pacific shipping aground. US orders in China fell by 40%. Increases in ports and in exports and imports in Poland
By Marek Grzybowski:
Cancellations of ocean services in the Pacific, changes in schedules in ocean services, consolidation of cargo by ocean operators are visible in December. And stormy times await US importers in January 2023. It is already known that US orders in China fell by 40%. Chinese factories are closing two weeks earlier than usual for the Chinese New Year. An increase in the supply of bulk goods, LNG, general cargo and in containers is recorded in Polish ports.
Collapse of demand for sea transport between the USA and China as a result of the economic slowdown in the United States and the policy of deglobalization and relocation of production to North America. It’s a “very bad time for the shipping industry,” said one manager at an Asian logistics company.
U.S. logistics managers are bracing for delays in shipments from China in early January due to canceled container ship sailings and export rollovers by ocean carriers, CNBC has warned, citing information from U.S. logistics operators.
Polish exports grew dynamically in the 8 months of this year. In the period from January to August this year, In 2018, Polish exports amounted to EUR 221.2 billion, the Central Statistical Office (GUS) reported. This is an increase of 19.9% respectively. in export.
The turnover with countries outside the EU is decisive for the maritime turnover of our ports. Poland’s export value was EUR 25.7 billion, which was 22.8% higher than in the previous year.
During the first 8 months of this year, we exported to Great Britain for EUR 11.0 billion (increase by 20.5%), and to the USA for EUR 6.6 billion (increase by 36.3%). The activity of our terminals in large ports is also influenced by imports from highly developed countries outside the EU. It reached EUR 23.2 billion, an increase of 49.7%.
Imports from the USA (EUR 9.5 billion, increase by 79.2%) and South Korea (EUR 5.2 billion, increase by 23.2%) were decisive here.
Imports from China were significant (EUR 34.2 billion, an increase of 33.6%).
Therefore, the Polish economy reacts to global market changes less dramatically than the US, which has a positive impact on the turnover in Polish ports of fundamental importance for the economy. This means that the ports will have good results not only in terms of transshipments, but also in revenues from the sale of services. Already in January we will find out how much better these results will be than last year.
More: US orders in China fell by 40%