According to data from China’s customs administration, exports to the US by sea started growing in June from a year earlier. In July, exports to the US rose by 7.8 per cent from a year earlier, while imports increased by 16 per cent. Photo: Reuters
According to data from China’s customs administration, exports to the US by sea started growing in June from a year earlier. In July, exports to the US rose by 7.8 per cent from a year earlier, while imports increased by 16 per cent. Photo: Reuters

China exporters under pressure from soaring US shipping costs ahead of Christmas as demand outweighs supply

  • The cost of shipping by sea from Shanghai to the west coast of the US more than doubled between May to August, to the highest rate since 2009
  • Many shipping firms cut back their operations earlier this year due to the coronavirus, but are now struggling to meet demand as exporters worry about the escalating trade conflict

According to data from China’s customs administration, exports to the US by sea started growing in June from a year earlier. In July, exports to the US rose by 7.8 per cent from a year earlier, while imports increased by 16 per cent. Photo: Reuters
According to data from China’s customs administration, exports to the US by sea started growing in June from a year earlier. In July, exports to the US rose by 7.8 per cent from a year earlier, while imports increased by 16 per cent. Photo: Reuters
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