Japan, the third largest economic power in the world, is extremely dependent on its seaborne foreign trade. The development of cargo handling in its ports is therefore a particularly sensitive indicator of the development of the Japanese economy, which shows the effects of the weakening global economy and trade conflicts.
For example, cumulative container handling in the five largest Japanese ports (Tokyo, Yokohama, Kobe, Nagoya, Osaka) together has been in the range of only 1.1 to just under 1.4 million TEUs for ten years now. Accordingly, the average growth of all ports together over the last decade is only 0.4 %.
The ports of export-oriented South Korea show a similar trend. In the last twelve months, the three largest container ports in the country (Busan, Gwangyang and Incheon) always handled between 2.2 and 2.35 million TEUs.
This and other instructive information on various regions and individual ports can be found in our Monthly Container Port Monitor, which is available via our webshop.