Global shipper Maersk sees trade growth among BRICS nations

Containerised trade among BRICS nations saw  robust growth in the first half of this year, according to the world’s  largest container shipping company Maersk Line, reports Xinhua.

Demand has improved as most of the world’s major economies started to recover this year, and the growth among BRICS countries continued to outpace the global average, said Mike Fang, managing director for Maersk Line’s Greater China Cluster.

”There is much potential to enable trade among BRICS nations and we will definitely look into it,” he said in a statement.

Maersk’s exports from China to India increased 26.2 per cent year on year in the first half, those to Brazil and South Africa both rose 8.7 per cent, while Maersk’s imports from South Africa to China surged 43.9 per cent, according to Fang.

The company’s statistics showed customers in other BRICS countries were most attracted to Chinese textiles and clothing, consumer electronics and furniture.

Global shipper Maersk sees trade growth among BRICS nations

Containerised trade among BRICS nations saw robust growth in the first half of this year, according to the worlds largest container shipping company Maersk Line, reports Xinhua. Demand has improved as most of the worlds major economies started to recover this year, and the growth among BRICS countries continued to outpace the global average, said Mike Fang, managing director for Maersk Lines Greater China Cluster. There is much potential to enable trade among BRICS nations and we will definitely look into it, he said in a statement. Maersks exports from China to India increased 26.2 per cent year on year in the first half, those to Brazil and South Africa both rose 8.7 per cent, while Maersks imports from South Africa to China surged 43.9 per cent, according to Fang. The companys statistics showed customers in other BRICS countries were most attracted to Chinese textiles and clothing, consumer electronics and furniture.