SOUTH Korea's incheon Port Authority (IPA) announced that container throughput at the first half of this year reached 1,789,864 TEU, marking an 8.5 per cent increase from last year and the highest first-half performance on record.
This significant milestone underscores the port's growing role in international trade, particularly with key partners in the Asia-Pacific region, according to BusinessKorea.
Incheon Port's export container throughput for the six-month period was 871,592 TEU, while import container throughput reached 918,272 TEU.
These figures represent increases of 9.2 per cent and 5.4 per cent, respectively, compared to the same period last year. Additionally, transshipment container throughput was recorded at 28,363 TEU.
The robust performance is attributed to several factors, including a surge in used car exports, which amounted to 223,570 units in the first half of the year.
Of these, 78.3 per cent, or 175,158 units, were exported via container transport. New car exports from Incheon Port during the same period totalled 140,341 units, with 19.8 per cent, or 27,720 units, transported via containers.
By country, exports were recorded at 559,826 TEU to China, 34,294 TEU to Taiwan, 19,529 TEU to Malaysia, and 73,601 TEU to Vietnam.
The export share by country was 64.2 per cent to China, 8.4 per cent to Vietnam, 3.9 per cent to Taiwan, 2.2 per cent to Malaysia, and 1.9 per cent to Hong Kong. These five countries accounted for 80.6 per cent of the total export container throughput.
Imports were recorded at 489,611 TEU from China, 114,331 TEU from Vietnam, and 29,753 TEU from Malaysia.
Kim Sang-gi, vice president of IPA's operations division, commented on the challenges faced by the port: 'Since April this year, the surge in container freight rates has increased logistical challenges for exports and imports, but Incheon Port's container throughput has shown a significant upward trend.'
SeaNews Turkey
This significant milestone underscores the port's growing role in international trade, particularly with key partners in the Asia-Pacific region, according to BusinessKorea.
Incheon Port's export container throughput for the six-month period was 871,592 TEU, while import container throughput reached 918,272 TEU.
These figures represent increases of 9.2 per cent and 5.4 per cent, respectively, compared to the same period last year. Additionally, transshipment container throughput was recorded at 28,363 TEU.
The robust performance is attributed to several factors, including a surge in used car exports, which amounted to 223,570 units in the first half of the year.
Of these, 78.3 per cent, or 175,158 units, were exported via container transport. New car exports from Incheon Port during the same period totalled 140,341 units, with 19.8 per cent, or 27,720 units, transported via containers.
By country, exports were recorded at 559,826 TEU to China, 34,294 TEU to Taiwan, 19,529 TEU to Malaysia, and 73,601 TEU to Vietnam.
The export share by country was 64.2 per cent to China, 8.4 per cent to Vietnam, 3.9 per cent to Taiwan, 2.2 per cent to Malaysia, and 1.9 per cent to Hong Kong. These five countries accounted for 80.6 per cent of the total export container throughput.
Imports were recorded at 489,611 TEU from China, 114,331 TEU from Vietnam, and 29,753 TEU from Malaysia.
Kim Sang-gi, vice president of IPA's operations division, commented on the challenges faced by the port: 'Since April this year, the surge in container freight rates has increased logistical challenges for exports and imports, but Incheon Port's container throughput has shown a significant upward trend.'
SeaNews Turkey
