China Tariff Rush Bypasses Hong Kong as Traffic Falls For a Sixth Month — Panjiva


China Tariff Rush Bypasses Hong Kong as Traffic Falls For a Sixth Month

China 1758 Corp - Ports 661 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container handling through the port of Hong Kong fell 8% on a year earlier in July, marking a sixth straight decline. The port has not benefited from the increase in flows from China to the U.S. as exporters seek to beat the imposition of new tariffs by the Trump administration. Indeed shipments from Hong Kong to the U.S. fell 5%, with China-originated products only accounting for 20% of shipments. The port is therefore likely suffering a broader secular decline in transloading and other business. Hong Kong was not alone in its decline though, COSCO Shipping’s broader Pearl River ports s...

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