Overall Exports April-October rise by 39.83%, Imports leap by 63.64 %
NEW DELHI: India’s overall exports (Merchandise and
Services combined) in October 2021 are estimated to be USD
56.51Billion, exhibiting a positive growth of 35.16 per cent
over the same period last year and a positive growth of
29.13per cent over October 2019. Overall imports in October
2021 are estimated to be USD 68.09Billion, exhibiting a
positive growth of 57.32per cent over the same period
last year and a positive growth of 40.82per cent over
October 2019.
India’s overall exports (Merchandise and Services
combined) in April-October 2021 are estimated to be USD
369.39Billion, exhibiting a positive growth of 39.83per cent
over the same period last year and a positive growth of
19.97per cent over April-October 2019. Overall imports in
April-October 2021 are estimated to be USD 409.30Billion,
exhibiting a positive growth of 63.64per cent over the same
period last year and a positive growth of 13.57per cent over
April-October 2019.
Freight Rate reduction could take
18-30 months : Sea-Intelligence
COPENHAGEN: The Danish provider of research &
analysis, data and advisory services within the global supply
chain industry, Sea-Intelligence has analysed the composite
China Containerized Freight Index (CCFI) to see how quickly
freight rates could normalise, if using history as a guide.
In the following figure, Sea-Intelligence narrowed down
the CCFI to the pre-pandemic data, and identified five periods
of sustained rate decreases (marked in red), as well as five
periods of sustained rate increases (Fig. 1 – marked in green
(See Pg. 17)).
Based on this, Sea-Intelligence analysts defined the time
periods of increases and decreases and analysed
each separately
Congestion is not just for Christmas :
Global Shippers Forum
LONDON: The wave of congestion that is sweeping
through global supply chains delaying deliveries of seasonal
goods and essential commodities, stranding many shippers
between meeting impossible delivery deadlines while paying
record shipping rates is not set to subside anytime soon,
according to Global Shippers Forum (GSF).
“This is proving to be the ‘Peak Season like no other’, just
as we predicted,” said GSF, the voice of cargo owners in
international trade.
Speaking at a High-Level Maritime Dialogue, hosted by
FIATA last week, James Hookham, GSF ’s Director,
highlighted the challenges that importers
