Kiel Institute of World Economy (IfW), one of Germany's leading economic institutes, stated that global goods trade is still under the container bottleneck crisis.
IfW has announced its analysis of global merchandise trade.
In the analysis, it was stated that global goods trade is still under the threat of serious container bottleneck, and it was stated that there were no signs of relaxation in this regard.
About 9 percent of global container capacity is currently expected to be unloaded at 4 ports, with more than half of it stuck in US ports, the analysis said.
In the global trade indicator, China's October exports will decrease by 4.9 percent compared to the previous month (nominal, seasonally adjusted) and its imports will increase by 2.7 percent, while for the USA, there will be a 1.8 percent decline in exports and a 0.4 percent increase in imports. In the statement, it was stated that exports are expected to decrease by 1.2 percent in Germany and 1.3 percent in the EU in October.
Vincent Stamer, a researcher at lfW, said: "Global trade lacks a positive impetus to move forward. It is currently stuck at the level before the start of the Covid-19 crisis and has been in recession for an unusually long time." used the phrases.
"For the first time, ships carrying goods have been alarmingly congested at the main ports of China and the US at the same time," Stamer said, noting that the congestion of container ships dampened hopes for an increase in global trade. made its assessment.
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