Container Transport Problems in China’s Foreign Trade

Authors

  • Ekaterina Dmitrievna Komarova Russian Foreign Trade Academy
  • Yuri Anatolievich Savinov Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2021-11-124-132

Keywords:

international trade, China, container transportation, delays in cargo delivery

Abstract

The current state of the container transport market is of concern to sellers and buyers. Due to the evolvement of the COVID pandemic, many countries experienced problems with the shipment of goods. Especially it aff ected China, a world exporter of many goods, in which the shipment of foreign trade goods is slowing down. The situation is complicated by the influence of a number of significant factors, in particular, higher freight rates, shortage of container equipment, delays at the ports of loading and unloading. As a result, the customs authorities conduct a random inspection of containers, which increases the time for processing documentation. To solve the problem, Chinese exporters are striving to develop a logistics network in foreign ports, create large warehouses for storing goods, establish joint ventures for processing foreign trade cargo at foreign ports.

Author Biographies

Ekaterina Dmitrievna Komarova, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy (119285, Moscow,Vorob’evskoe shosse, 6A), 4th year student of the Faculty of International Economics

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A), Department of international trade and foreign trade of RF - Professor

Published

2024-01-28

How to Cite

Komarova, E. D., & Savinov, Y. A. (2024). Container Transport Problems in China’s Foreign Trade. Russian Foreign Economic Journal, (11), 124–132. https://doi.org/10.24412.2072-8042-2021-11-124-132

Issue

Section

Foreign trade activity

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