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Over 9,000 trips forecast in 2023 for China’s rail-sea intermodal trains along the New International Land-Sea Trade Corridor
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The rail-sea project is potentially boosting China’s trade with ASEAN countries
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Beibu Bay port’s comprehensive cargo throughput jumped from 260 million tons in 2019 to 315 million tons in 2022
This year, China’s rail-sea train trips along the New International Land-Sea Trade Corridor are expected to exceed 9,000, boosting the country’s trade with members of the Association of Southeast Asian Nations (ASEAN), Xinhua news agency reported.
The projected number of the intermodal trips was disclosed in a press conference held on August 3 by Guangxi Zhuang autonomous region on Thursday, said Xinhua, which added that China’s rail-sea train trips numbered more than 8,820 trips in 2022.
The news agency said Guangxi Zhuang plans to further boost the efficiency and connectivity of the corridor by building new infrastructure, noting the rapid growth in cargo throughput along the corridor.
Citing data from the press conference, Xinhua said the comprehensive cargo throughput capacity of the Beibu Bay port in Guangxi jumped from 260 million tons to 315 million tons from 2019 to 2022.
There are 75 container routes linking over 200 ports in more than 100 countries and regions, it said.
In H1 2023, Beibu Bay port’s cargo throughput gained 14% year on year. During the period, trips made by the rail-sea intermodal trains rose 9% y-o-y, according to press conference figures cited by Xinhua.
In 2022, trade volumes generated imports and exports by provincial-level regions along the corridor from through Guangxi ports exceeded a record-high 500 billion yuan (U$69.93 billion) in value, the news agency reported. In the first half of this year, it had already surpassed 290 billion yuan, a surge of almost 50% year on year.
The New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by provincial-level regions in western China and ASEAN members. It is also one of the key projects under China’s Belt and Road Initiative (BRI).
As of 2022, the company has exported vehicles and auto components worth around 2 billion yuan, or about $284.39 million, through the trade corridor to many countries including Indonesia, Peru and Ecuador.
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