Port of Yokohama’s cargo traffic slipped 4.5% year on year to 9.293 million tonnes in May due to a plunge in domestic trade.
While the Japanese port’s foreign trade crept up 1.3% year on year to 6.185 million tonnes in May, its domestic trade slumped 14.3% to 3.108 million tonnes, according to preliminary figures released by the Yokohama municipal government on 5 August.
In its foreign trade, the port exported 2.428 million tonnes of cargo (up 3.1% year on year) and imported 3.756 million tonnes of cargo (up 0.1%).
Located in Kanagawa Prefecture adjacent to Tokyo, the Port of Yokohama is Japan’s second-largest container port after the Port of Tokyo.
In May, the Port of Yokohama handled 214,632 teu in foreign trade (down 4%) and 21,914 teu in domestic trade (down 4%).
Foreign trade in containers consisted of 111,792 teu in exports (down 4%) and 102,840 teu in imports (down 3.9%).
This post was sourced from IHS Maritime 360: View the original article here.