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China reports 6.8% rise in freight volume for H1 2023

02 Aug '23
1 min read
Pic: Shutterstock/crystal51
Pic: Shutterstock/crystal51

Insights

  • China's freight industry witnessed a significant growth in H1 2023, with freight volume increasing 6.8 per cent YoY to 25.93 billion tons.
  • Road cargo transportation grew by 7.5 per cent, amounting to 19.01 billion tons, and air cargo transport rose by 6.4 per cent to 3.28 million tons.
  • Port throughput increased by 8 per cent to 8.19 billion tons.
China’s freight industry has seen a significant surge in the first half (H1) of 2023, as per data by the ministry of transport. The country’s freight volume increased by 6.8 per cent year-on-year (YoY) to 25.93 billion tons from January to June.

The road cargo transportation sector particularly flourished, marking a 7.5 per cent YoY increase, amounting to 19.01 billion tons. Air cargo transport also saw a rise, with 3.28 million tons transported, reflecting a 6.4 per cent increase from the same period in the previous year, according to local media reports.

Additionally, port throughput rose by 8 per cent to 8.19 billion tons, and container throughput reached 150 million twenty-foot equivalent units (TEUs), up by 4.8 per cent YoY.

Fibre2Fashion News Desk (NB)

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