SIMIC

According to the latest data from FourKites, the country's ports have seen overall dips in import and export ocean shipment.

Volume at the Port of Shanghai has started to decrease since the peak earlier this year, now down 15 per cent from the mid-July figures.

The 14-day average ocean shipment volume at Shanghai is now down five per cent compared to 12 March (the day before lockdowns went into effect), but is up three per cent week-to-week for shipments tracked by FourKites.

Other Chinese ports have also been trending down. Latest data to September 2 suggests that "all other Chinese ports" are trending downwards, witnessing a fall of 30 per cent in change of average shipment volume compared to March 13 figures.

Import and export ocean shipment volumes were bouncing back last month as Covid lockdowns started to ease.

FourKites has seen steady recovery in volume travelling from China to the US, with the 14-day average shipment volume for loads now down only nine per cent compared to levels seen on March 12 and down one per cent week-to-week.

Delays linger on with the 14-day average percentage of shipments delayed along this lane now at 38 per cent compared to 31 per cent seen before the lockdowns began.