XSI® Far East
Falling by more than any other major import or export sub-index over the last year – collapsing by close to 75%. August saw another 14.2% drop, to 161.8 points. All but two sub-indexes declined for the month, with the greatest increase being just 2.2%.
The XSI® for Far East exports takes ‘the title nobody wants’, falling by more than any other major import or export sub-index over the last year – collapsing by close to 75%. August saw another 14.2% drop, to 161.8 points. All but two sub-indexes declined for the month, with the greatest increase being just 2.2%.
As this is the main exporting region for containerized goods, the fall is particularly noteworthy. However, despite its eye-catching scale, year-on-year volumes are ‘only’ down 3.5% for the first half of 2023.
The Far East imports XSI® fell by another 2.0% in August, to 120.2 points. This sub-index has now dropped by 51.1% since rates peaked exactly one year ago.
