World Trade Facts

World Trade Month 2023 Fact #23


Container Rates Not Seen Since 2020 

Benchmark container rates from Hong Kong to Los Angeles were down 84% at the beginning of 2023 compared to a year earlier, hitting $1,375 per 40-foot container, a level not seen since March 2020, when supply chains came to a halt due to the global pandemic.

Source: Bloomberg 


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