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Container cargo processed at the seaports of South Korea reached 2.63 million TEUs in May compared with 2.37 million TEUs handled year-over-year
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Processed export-import container cargo jumped 14.1% year-on-year to reach 1.51 million TEUs last month
Container volumes handled at South Korea’s seaports rose 11.2% in May compared to the same period a year earlier, reflecting the continued recovery of trade from the impact of the COVID-19 pandemic, according to government data.
Container cargo processed at the seaports reached 2.63 million twenty-foot-equivalent units (TEUs) in May compared with 2.37 million TEUs in the same month the previous year, according to the Ministry of Oceans and Fisheries.
The ministry attributed the growth to the COVID-19 vaccine rollout around the globe and the economic stimulus measures from major countries.
Processed export-import container cargo jumped 14.1% year-on-year to reach 1.51 million TEUs last month. Export cargo increased 13.2% to 750,000 TEUs, and imports also advanced 15% to 760,000 TEUs.
South Korea’s exports have been gathering ground for seven consecutive months on the back of the global economic recovery.
Outbound shipments also rose 29.5% year-on-year in the first 20 days of June on the back of robust demand for chips.
Photo by Busan Metropolitan city
