June’s containerized exports from Europe to the Indian subcontinent and the Middle East has decreased year-over-year for the fifth straight month, according to data from Container Trades Statistics. Volumes had fallen more than 2 percent. However, a big increase was seen in shipments from Europe to the Far East.
Europe to the Indian Subcontinent and the Middle East
The containerized export trade from Europe to the Indian subcontinent and the Middle East totaled 274,000 TEUs, falling 2.2 percent from June 2012 but inching up 0.7 percent from May of this year. This was the first year-over-year decline since a six-month slump that lasted from October 2012 through March 2013. Exports from Europe in the January-June 2013 period slipped 1.0 percent year-over-year to 1,533,600 TEUs. The CTS index for the lane fell 1 point in June to 93.
To Far East Asia
Europe exported 578,300 20-foot-equivalent-unit containers to Far East Asia in June 2013, up 9.4 percent from June 2012 and up 2 percent from May. In the first half of 2013, European exports to Far East Asia grew 4.7 percent over the prior year to 3,360,200 TEUs. The index rate in this market in June as tracked by CTS slipped a point to 94.
To Australasia/Oceania
Exports from Europe to Australasia/Oceania in June jumped 9.0 percent year-over-year and 7.4 percent month-to-month to 44,900 TEUs. This was the largest increase over the year before in this lane in nine months. In the first six months of 2013, exports from Europe to Australasia/Oceania increased 5.5 percent year-over-year, to 249,100 TEUs. The CTS index of rates in this trade lane in June slipped 2 points to 86.
To North America
Containerized export volume from Europe to North America reached 312,600 TEUs in June, climbing 4.3 percent from June 2012, when the volume was 299,600 TEUs. Volume was also up 3.1 percent compared to May’s level. Exports from Europe during the first six months of 2013 totaled 1,789,500 TEUs, 1.7 percent above the level seen in the same period in 2012. The CTS price index increased 1 point in June to 90.
To South/Central America
Europe exported 137,600 TEUs to South and Central America in June 2013, an 8.2 percent increase year-over-year but a 0.3 percent decline month-to-month. In the first six months of 2013, exports from Europe to South and Central America grew 4.6 percent year-over-year to 787,000 TEUs. The index rate in this market as tracked by CTS inched up from 106 to 107 in June.
To Sub-Saharan Africa
Containerized exports in June rose 3.1 percent year-over-year to 159,800 TEUs. However, export volume in the lane slipped 2.3 percent from May. In the first half of 2013, exports from Europe to sub-Saharan Africa grew roughly 8.6 percent year-over-year, to 909,800 TEUs. The index rate in this market edged up 1 point in June to 73.