Connect with us

China

Visualizing Global Shipping Container Traffic

Published

on

Shipping container traffic

shipping containers china u.s.

Visualizing Global Shipping Container Traffic

Globalization owes a lot to the humble shipping container.

In the distant past, loading a ship was a complicated affair involving pallets, crates, and winches. This process was labor-intensive and expensive, meaning most goods were simply not worth shipping overseas.

In the 1970s, the standardized shipping container solved this problem on a wide scale and turned the world economy on its head. This standardization drove the cost of shipping down as the efficiency of ports skyrocketed. Modern ports can now move upwards of 70 containers per crane per hour.

It doesn’t matter anymore where you produce something now, because transport costs aren’t important.

– Rainer Horn, Hapag-Lloyd

Made in China

With the barrier of shipping costs effectively removed, production began to migrate to countries with cheaper production costs.

China is at the center of this new paradigm: nearly one-third of all global containers move through Chinese ports, and seven of the top 10 ports in the world are all located in China.

Countries Moving the Most Units

Here are the 50 countries with the most 20-foot containers passing through their ports:

RankCountry20-Foot Container Count (2017)
1China (inc. H.K.)234,489,920
2United States51,425,464
3Singapore33,600,000
4South Korea27,427,000
5Malaysia24,719,000
6Japan21,904,444
7U.A.E.21,280,900
8Germany19,447,600
9Spain17,065,000
10Netherlands13,951,000
11Indonesia13,859,500
12India13,259,000
13Vietnam12,284,395
14Belgium11,857,009
15Thailand10,732,000
16Italy10,698,030
17United Kingdom10,530,328
18Brazil10,049,282
19Turkey9,927,385
20Saudi Arabia8,404,000
21Philippines8,196,961
22Australia7,693,643
23Egypt7,430,000
24Panama6,900,000
25France6,714,551
26Mexico6,305,000
27Canada6,298,590
28Sri Lanka6,000,000
29Oman4,784,712
30South Africa4,634,900
31Morocco4,570,000
32Russia4,515,000
33Greece4,461,000
34Chile4,189,669
35Colombia3,444,503
36New Zealand3,227,100
37Portugal3,220,100
38Malta3,203,000
39Iran3,091,000
40Pakistan2,985,600
41Israel2,865,028
42Bangladesh2,587,000
43Poland2,459,900
44Peru2,368,989
45Ecuador1,944,135
46Finland1,920,800
47Argentina1,750,102
48Jamaica1,689,000
49Nigeria1,656,000
50Sweden1,593,450

Asian countries dominate shipping container traffic, taking up four of the top five spots. Singapore, with a population of just 5.4 million, moved nearly 34 million 20-foot containers in 2017. That’s more than Italy, France, Russia, Sweden, and the U.K. combined.

The United States is still the number two country in the world in terms of the number of containers handled. Two massive ports in Los Angeles control over a quarter of the North American market share, and the Port of New York & New Jersey is the largest on the Eastern Seaboard.

The Stack Keeps Growing

Except for a brief slip in 2009, the number of containers moving through ports has increased every year this millennium so far.

Global container shipping chart

In spite of the recent volley of tariff actions, there appears to be smooth sailing ahead for the growth of containerized shipping.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
Comments

Chart of the Week

The Best and Worst Performing Wealth Markets in the Last 10 Years

This telling chart shows how national wealth markets have changed over the past decade, highlighting the biggest winners and losers.

Published

on

The Best and Worst Performing Wealth Markets

A lot can change in a decade.

Ten years ago, the collapse of Lehman Brothers sent the world’s financial markets into a tailspin, a catalyst for years of economic uncertainty.

At the same time, China’s robust GDP growth was reaching a fever pitch. The country was turning into a wealth creation machine, creating millions of newly-minted millionaires who would end up having a huge impact on wealth markets around the world.

The Ups and Downs of Wealth Markets (2008-2018)

Today’s graphic, using data from the Global Wealth Migration Review, looks at national wealth markets, and how they’ve changed since 2008.

Each wealth market is calculated from the sum of individual assets within the jurisdiction, accounting for the value of cash, property, equity, and business interests owned by people in the country. Just like other kinds of markets, wealth can grow or shrink over time.

Here are a few countries and regions that stand out in the report:

Developing Asian Economies
In terms of sheer wealth growth, nothing comes close to countries like China and India. The size of these markets, combined with rapid economic growth, have resulted in triple-digit gains over the last 10 years.

For the world’s two most populous countries, it’s a trend that is expected to continue into the next decade, despite the fact that many millionaire residents are migrating to different jurisdictions.

Mediterranean Malaise
European nations saw very little growth over the past decade, but the Mediterranean region was particularly hard-hit. In fact, eight of the 20 worst performing wealth markets over the last decade are located along the Mediterranean coast:

Rank (Out of 90)Country% Growth (2008-2018)
89🇬🇷 Greece-37%
87🇨🇾 Cyprus-21%
86🇮🇹 Italy-14%
85🇪🇸 Spain-13%
84🇹🇷 Turkey-11%
82🇪🇬 Egypt-10%
80🇫🇷 France-7%
76🇭🇷 Croatia-6%

European Bright Spots
There were some bright spots in Europe during this same time period. Malta, Ireland, and Monaco all achieved positive wealth growth at rates higher than 30% over the last 10 years.

Australia
While it’s expected to see rapidly-growing economies as prolific producers of wealth, it is much more surprising when mature markets perform so strongly. Singapore and New Zealand fall under that category, as does Australia, which was already a large, mature wealth market.

Australia recently surpassed both Canada and France to become the seventh largest wealth market in the world, and last year alone, over 12,000 millionaires migrated there.

Venezuela
The long-term economic slide of Venezuela has been well documented, and it comes as no surprise that the country saw extreme contraction of wealth over the last decade. Since war-torn countries are not included in the report, Venezuela ranked 90th, which is dead-last on a global basis.

Short Term, Long Term

In 2018, global wealth actually slumped by 5%, dropping from $215 trillion to $204 trillion.

All 90 countries tracked by the report experienced negative growth in wealth, as global stock and property markets dipped. Here’s a look at the wealth markets that were the hardest hit over the past year:

Wealth MarketWealth growth (2017 -2018)
🇻🇪 Venezuela-25%
🇹🇷 Turkey-23%
🇦🇷 Argentina-20%
🇵🇰 Pakistan-15%
🇦🇴 Angola-15%
🇺🇦 Ukraine-13%
🇫🇷 France-12%
🇷🇺 Russia-12%
🇮🇷 Iran-12%
🇶🇦 Qatar-12%

The future outlook is rosier. Global wealth is expected to rise by 43% over the next decade, reaching $291 trillion by 2028. If current trends play out as expected, Vietnam could likely top this list a decade from now with a staggering 200% growth rate.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading

China

Animation: The Biggest Economies in 2030

By 2030, the complexion of the global economy could look very different. This animation shows how the world’s biggest economies will change over time.

Published

on

By 2030, the complexion of the global economy could look very different than it does today.

According to recent projections from Standard Chartered, a multinational bank headquartered in London, the next decade will see emerging markets like India and Turkey ascending the global economic ladder to become tomorrow’s powerhouses.

Visualizing the Boom in Emerging Markets

Today’s animation is based on a previous chart of the week we created that shows how economic growth is expected to unfold in the coming years.

View the projected change in rankings for the biggest economies from 2017 to 2030 below:

If the projections used in the above video prove to be accurate, the largest economy in 2030 will be China with $64.2 trillion in GDP after adjusting for purchasing power parity (PPP).

That’s nearly $20 trillion more than India, which will be the second largest by that time.

From Good to Great

While the sheer size of the Chinese economy is certainly an exclamation point, perhaps the more interesting story here is the ascent of developing markets in general.

By 2030, it’s projected that seven of the world’s 10 biggest economies will fall into that category:

RankCountryProj. GDP (2030, PPP)GDP (2017, PPP)% change
#1China$64.2 trillion$23.2 trillion+177%
#2India$46.3 trillion$9.5 trillion+387%
#3United States$31.0 trillion$19.4 trillion+60%
#4Indonesia$10.1 trillion$3.2 trillion+216%
#5Turkey$9.1 trillion$2.2 trillion+314%
#6Brazil$8.6 trillion$3.2 trillion+169%
#7Egypt$8.2 trillion$1.2 trillion+583%
#8Russia$7.9 trillion$4.0 trillion+98%
#9Japan$7.2 trillion$5.4 trillion+33%
#10Germany$6.9 trillion$4.2 trillion+64%

Over this timeframe, countries like Egypt, China, India, Indonesia, Turkey, and Brazil will all see their economies expand with triple-digit growth in PPP terms.

In particular, India’s economy will be buoyed by rapid population growth in its cities, which are some of the fastest-growing urban areas on the planet. At the same time, Egypt’s economy is expected to grow from $1.2 trillion to $8.2 trillion according to the bank – although we would add that this seems quite optimistic.

Finally, developed economies like the United States, Germany, and Japan will keep growing – but just not at the blistering pace of developing countries. If these projections turn out, the Japanese and German economies will round out the list with the #9 and #10 spots, respectively.

Subscribe to Visual Capitalist

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Continue Reading
HIVE Blockchain Technologies Company Spotlight

Subscribe

Join the 100,000+ subscribers who receive our daily email

Thank you!
Given email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.

Popular