India registers double-digit trade growth in Q3 2018: Maersk

India’s containerised trade with the world has grown 10 per cent year-on-year according to the Q3 trade report released by Maersk. Increasing competitiveness of Indian exports, coupled with improved demand in various destination countries, has propelled exports to grow at 10 per cent year-on-year. The demand for India-made goods such as vehicles and mechanical appliances, as well as refrigerated cargo such as onions, meat, seafood, and pharmaceuticals have driven exports. Simultaneously, imports have risen nine per cent year-on-year, largely dominated by a heavy inflow of paper, metal, and white goods. Overall, the containerised market has displayed strength, with far less fluctuation compared to the previous year. Steve Felder, Managing Director for Maersk Line – South Asia, said, “The upward movement in global commodity prices, depreciation of the Indian rupee, and recent shipping-logistics reforms such as liberalised cabotage policy and Direct Port Delivery are instrumental in supporting the export-import trade between India and global markets.”