This picture reveals containers at a port in South Korea’s southeastern metropolis of Busan on Monday. (Yonhap)
Container transport prices from South Korea to China rose for the eighth consecutive month in September, the customs company mentioned Tuesday.
The typical transport price for a 40-foot container from South Korea to China climbed 17.6 % on-month to 862,000 received ($634.48) final month, based on the information from the Korea Customs Service.
The determine has been on a continuing improve since February.
However the common transport prices from South Korea to the European Union shed 14.7 %, the primary fall in 5 months. Prices for the South Korea-Vietnam route additionally fell 11.1 %, the primary decline in eight months.
Prices for transport from South Korea to the US east coast dropped 5.7 %.
In contrast with a yr earlier, nonetheless, the transport prices for these routes greater than doubled due primarily to tensions surrounding the Purple Sea and the expansion in international cargo quantity, officers mentioned.
Prices for transport from abroad typically went down in September.
These from the US west coast to South Korea declined 16.5 % and people from Europe skidded 15 %. Transport prices from the US east coast to South Korea misplaced 7.6 % on-month in September, the information confirmed.
The figures embody freight charges, commissions and different prices reported by native exporters, based on the company. (Yonhap)
