20.03.2024, 10:06
Cargo turnover in Russia's northwestern ports has increased
Source: OREANDA-NEWS
OREANDA-NEWS According to the results of the first two months of 2024, the container turnover of the northwestern ports of Russia increased by 121 percent compared to the same period in 2023. This was stated by Denis Ilatovsky, Vice President of Delo Group, as quoted by Kommersant.
At the same time, as Ilatovsky clarified, despite the sharp increase in early 2024, container turnover has not yet returned to pre-crisis indicators. The gradual recovery of cargo flows was influenced by a number of factors, including the arrival of new logistics operators, a reduction in the cost of transportation, as well as the appearance of imports of Chinese passenger cars in containers, he explained.
Before the introduction of large-scale sanctions by Western countries, the north-western terminals of the Russian Federation were mainly focused on the European Union (EU) market. Against the background of restrictions, they were most affected by the withdrawal of world lines and the closure of the largest container hubs for Russian cargo, Ilatovsky summarized.
After the introduction of anti-Russian sanctions, China became the main trade and economic partner of the Russian Federation. By the end of 2023, the trade turnover between the two countries reached a record level of $240.11 billion in monetary terms. In 12 months, imports of Chinese goods to Russia soared by 46.9 percent, to 110.97 billion.
At the same time, as Ilatovsky clarified, despite the sharp increase in early 2024, container turnover has not yet returned to pre-crisis indicators. The gradual recovery of cargo flows was influenced by a number of factors, including the arrival of new logistics operators, a reduction in the cost of transportation, as well as the appearance of imports of Chinese passenger cars in containers, he explained.
Before the introduction of large-scale sanctions by Western countries, the north-western terminals of the Russian Federation were mainly focused on the European Union (EU) market. Against the background of restrictions, they were most affected by the withdrawal of world lines and the closure of the largest container hubs for Russian cargo, Ilatovsky summarized.
After the introduction of anti-Russian sanctions, China became the main trade and economic partner of the Russian Federation. By the end of 2023, the trade turnover between the two countries reached a record level of $240.11 billion in monetary terms. In 12 months, imports of Chinese goods to Russia soared by 46.9 percent, to 110.97 billion.
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