In 2022, the cargo volume of Chinese ports was 15684.5 million tons, a year-on-year increase of 0.9%; the container throughput of Chinese ports was 295.9 million TEU, a year-on-year increase of 4.7%. The chart below shows the cargo throughput and container throughput data of the twelve major ports in China.

Source: Ministry of Transport of the People’s Republic of China

In terms of container freight rates, the average value of the Ningbo Container Freight index (NCFI) in January of 2023 was quotes 721.1 points, have a decrease of 11.6% compare to last month. From Ningbo to North America route, transport demand was stable and space was sufficient, freight rate of did not fluctuate significantly.. The average freight rate of 40GP from Ningbo Port to Los Angeles port and New York& New Jersey port in January was $1131 and $2681, have a decrease of 4.3% and 8.9% month-on-month respectively.

Source: Ningbo Shipping Exchange