The Container Throughput Index of the RWI – Leibniz Institute for Economic Research and the ISL – Institute of Shipping Economics and Logistics sank lightly from 133.6 points (revised) in May to 132.7 points in June.
As of now, it cannot be ruled out that the implementation of US tariffs on July 1st, convinced some actors to move cargoes ahead of schedule. This would be suitable to explain the noticeable increase during May and probably would be suitable to explain why the June figure did not turn out to be even lower. The figures for July and August are expected to paint a clearer picture in this regard.
The index is based on data continuously collected from world container ports by ISL as part of its market monitoring. Because large parts of international merchandise trade are transported by ship, the development of port handling is a good indicator for world trade. As many ports release information about their activities only two weeks after the end of the respective month, the RWI/ISL Container Throughput Index is a reliable early indicator for the development of international merchandise trade and hence for the activity of the global economy. As of 2018, the index is compiled based on data of 88 ports. Together these ports account for ~60% of worldwide container handling. The flash-estimate for June is based on data reported by 54 ports, accounting for 80% of the total index volume. The flash-estimate for May was revised up by 0.5 points.
The RWI/ISL-Container Throughput Index for June 2018 will be released on 23 August 2018.
Regional trends and data of individual ports can be found in our "Monthly Container Port Monitor"