China’s exports rise unexpectedly, but economists warn of weakness ahead

RIYADH: Saudi Arabia’s ports witnessed a 21.14 % improve in container volumes to 693,523 twenty-foot equal models in March 2023 from 572,475 TEUs in March 2022, in response to Saudi Ports Authority, additionally known as Mawani.

The rise was fueled by a 17.74 % acquire in exports in March 2023 to 195,495 TEUs final month from 166,045 TEUs within the year-ago interval.

Imported containers rose 37.5 % to 224,221 TEUs in March 2023 from 162,876 models. 

Transshipments registered a 12.83 progress to 274,807 TEUs in opposition to the earlier 12 months’s 243,554 models.

The month-to-month cargo tonnage in March equaled 26,102,998 tons, indicating a 5.81 % uptick from 24,670,510 tons within the earlier 12 months.

The cargo tonnage included 523,513 tons of basic cargo, 4,588,115 tons of liquid bulk cargo and 13,594,542 tons of dry bulk cargo. 

Meals volumes additionally jumped 37.52 % final month to succeed in 1,487,327 tons, up from 2,045,428 tons within the corresponding interval a 12 months in the past. 

The info revealed that livestock imports noticed a 496.26 % yearly spike, hitting 623,644 cattle heads from 104,592.

Furthermore, whereas car volumes climbed 11.42 % in March in comparison with the identical interval in 2022, the variety of vessels that dropped anchor at Saudi ports elevated by 12.52 %.

As for passenger visitors, it noticed a 21.16 % yearly rise, amounting to 104,575 passengers from 86,308 passengers, confirmed the information.

Nevertheless, the expansion charge of the general container visitors of Saudi ports paled forward of the February 2023 figures. It clocked a 7.76 % improve in container visitors in February 2023, dealing with 622,837 models in comparison with the identical month a 12 months earlier.

There have been a number of initiatives by Mawani to additional develop the nationwide maritime sector, optimize its operational effectivity, and create an efficient regulatory and legislative atmosphere that facilitates streamlined processes.

These actions align with the Nationwide Transport and Logistics Technique’s goal of remodeling Saudi Arabia into a world logistics hub linking three main continents.