The Container Throughput Index of the Rheinisch-Westfälische Institut für Wirtschaftsforschung (RWI) and the Institute of Shipping Economics and Logistics (ISL) climbed significantly to 120.0 points in June 2016. After having been revised upwards, the May figure now stands at 118.9. All in all the health of world trade – derived from container handling statistics – now looks better than it did just a month ago. It needs to be kept in mind though that the 120 points seen in June are only equivalent to levels seen at the turn of the year (2014/2015). The flash-estimate for June is based on data reported by 33 ports, accounting for two thirds of the total index volume.
The index is based on data of 81 world container ports covering approximately 60% of worldwide container handling. The ports are continuously monitored by the ISL as part of their market analysis. 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.
The RWI/ISL Container Throughput Index for July 2016 will be published on August 23rd.
More detail on regional trends and data for single ports can be found in our "Monthly Container Port Monitor"