India’s containerised trade grows double-digit in Q3 2018: Maersk

According to the Q3 trade report released by Maersk, India’s containerised trade with the world has grown 10 per cent year-on-year. 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.