Japanese Overall Containerized Cargo Trade Expected to Rise

According to market analysts, Japanese containerized cargo exports is anticipated to rise 3.0 percent in fiscal 2013 (begun April 1st), to 5.176 million TEUs. The anticipated growth in loaded container cargo exports from the nine major Japanese ports follows a decline of 1.7 percent in fiscal 2012. They state that the bounce can be attributed to the moderate recovery of Japan in the global economy.

They also reported that loaded container cargo imports, which edged down 0.4 percent in fiscal 2012, are also anticipated to grow 2.8 percent to 7.493 million TEUs in fiscal 2013. This growth is due to strong data on consumer spending and a recovery in corporate capital spending in Japan.

As a result, Japan’s overall containerized cargo trade in fiscal 2013 will total 12.669 million TEUs, up 2.9 percent from the previous fiscal year.