China's commercial cargo transport volume rises 7.1% YoY in Jan-Sept

31 Oct '23

1 min read

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Insights

China's commercial cargo transport volume rose by 7.1 per cent year on year (YoY) to 40.31 billion tonnes in the first three quarters this year, official data show.
Fixed-asset investment in transport hit 2.88 trillion yuan in the period—a 5.6 per cent YoY growth.
Cargo throughput at ports rose by 8.5 per cent to 12.54 billion tonnes during the period.

In the first three quarters this year, commercial cargo transport volume in China rose by 7.1 per cent year on year (YoY) to 40.31 billion tonnes, according to transport ministry data, which showed robust performances in the transportation and logistics sectors.

Fixed-asset investment in transport reached 2.88 trillion yuan during the period—a 5.6 per cent YoY growth.

Cargo throughput at China's ports rose by 8.5 per cent to 12.54 billion tonnes during the same period, with container throughput growing by 5.2 per cent to reach 230 million twenty-foot equivalent units (TEUs), a state-controlled media outlet reported.

The country’s courier sector saw its delivery volume exceed the benchmark of 100 billion parcels, 39 days earlier than in 2022, according to the State Post Bureau.

Since March 2023, single-month parcel volume has exceeded 10 billion, and the monthly business income of the sector has topped 90 billion yuan ($12.54 billion).

The demand for manufacturing and export amid the upcoming Christmas season is expected to further drive the rapid growth of cargo throughput at ports.

Fibre2Fashion News Desk (DS)

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