India’s import and export container trade in Q3 2019 (July-September) remained flat compared to the global growth rate of 1.5 percent.
The slowdown coincides with weaker domestic demand, says Maersk in it’s India Trade Report. It is also a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies and the negative effects from escalating trade restrictions.
The trade war between the U.S. and China has led to shifts in trade structures, with global importers having shifted sourcing from China to other countries such as Vietnam, Taiwan, Bangladesh and South Korea. Thailand, Mexico and India are showing early signs of…
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