China's trade corridor container traffic grows 19% YoY in Q1-Q3 2023

16 Oct '23

1 min read

Pic: Adobe Stock/Sergio

Insights

China's New International Land-Sea Trade Corridor has seen robust growth during Q1-Q3 2023.
This was a 19 per cent YoY increase in container transport, totalling over 126,000 TEUs.
Since its 2017 launch, the corridor has transported 546,000 TEUs worth around 90.65 billion yuan using a mix of railways, highways, and rail-sea intermodal trains.

The New International Land-Sea Trade Corridor in southwest China has witnessed a surge in activity for the first three quarters of 2023. The corridor transported over 126,000 twenty-foot equivalent unit (TEU) containers, marking a 19 per cent increase year-on-year (YoY).

Since its launch in 2017, the corridor, managed by Chongqing, has moved 546,000 TEUs worth 90.65 billion yuan (around $12.63 billion) through its primary transportation systems comprising railways, highways, and rail-sea intermodal trains, according to local media reports.

Constructed by western Chinese provinces and Association of Southeast Asian Nations (ASEAN) member states, this trade and logistics corridor is a linchpin for facilitating commerce. Its network has grown to include 18 provinces and 69 cities within China, extending its reach to 473 ports across 120 countries and regions globally. Chongqing serves as the operational hub, consolidating its role in international trade logistics.

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