Container Transport Problems in China’s Foreign Trade

Ekaterina Dmitrievna Komarova and Yuri Anatolievich Savinov
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Ekaterina Dmitrievna Komarova: Russian Foreign Trade Academy, Moscow, Russia
Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2021, issue 11, 124-132

Abstract: The current state of the container transport market is of concern to sellers and buyers. Due to the evolvement of the COVID pandemic, many countries experienced problems with the shipment of goods. Especially it affected China, a world exporter of many goods, in which the shipment of foreign trade goods is slowing down. The situation is complicated by the influence of a number of significant factors, in particular, higher freight rates, shortage of container equipment, delays at the ports of loading and unloading. As a result, the customs authorities conduct a random inspection of containers, which increases the time for processing documentation. To solve the problem, Chinese exporters are striving to develop a logistics network in foreign ports, create large warehouses for storing goods, establish joint ventures for processing foreign trade cargo at foreign ports.

Keywords: International trade; China; container transportation; delays in cargo delivery. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_11_124-132

DOI: 10.24412/2072-8042-2021-11-124-132

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