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The World’s Largest Shipping Hubs

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World's Largest Shipping Hubs infographic

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The Briefing

  • The world’s 10 largest shipping hubs shipped 250 million TEUs (twenty foot equivalent units) in 2019
  • The Asia-Pacific dominates the landscape with 9 out of 10 shipping hubs located in that region

The World’s Largest Shipping Hubs (2005-2019)

As consumers, we often overlook the complexity and sheer size of global trade that is behind the goods and services we consume everyday.

Trade accounts for roughly 60% of global GDP—and emerging markets, particularly in the Asia Pacific region, have trade to thank in part for their economic growth in recent times.

When it comes to the movement of all these goods, shipping hubs are a crucial component of the trade ecosystem. The following data looks at the 10 largest global shipping hubs and their changes in throughput over time.

The 10 Largest Shipping Hubs (2005-2019, Thousands of TEUs)

Rank2005201020152019
1Singapore:
23,192
Shanghai:
29,069
Shanghai:
36,537
Shanghai:
43,303
2Hong Kong:
22,602
Singapore:
28,431
Singapore:
30,922
Singapore:
37,196
3Shanghai:
18,084
Hong Kong:
23,699
Shenzhen:
24,205
Ningbo-Zhoushan:
27,535
4Shenzhen:
16,197
Shenzhen:
22,510
Ningbo-Zhoushan:
20,627
Shenzhen:
25,769
5Busan:
11,843
Busan:
14,194
Hong Kong:
20,073
Guangzhou:
23,223
6Kaohsiung:
9,471
Ningbo-Zhoushan:
13,147
Busan:
19,469
Busan:
21,992
7Rotterdam:
9,288
Guangzhou:
12,546
Guangzhou:
17,625
Qingdao:
21,012
8Hamburg:
8,088
Qingdao:
12,012
Qingdao:
17,436
Hong Kong:
18,303
9Dubai:
7,619
Dubai:
11,600
Dubai:
15,592
Tianjin:
17,301
10Los Angeles:
7,485
Rotterdam:
11,148
Tianjin:
14,111
Rotterdam:
14,811

One of the biggest changes in recent years is the addition of the Yangshan Port in Shanghai. This massive port has already undergone four expansion phases since it opened in 2005.

Also noteworthy is Hong Kong’s falling position in this ranking. Only a decade ago, Hong Kong was the third-busiest port in the world. Today, facing fierce competition from nearby port facilities, Hong Kong sits in eighth place.

The Global Trade Machine

Trade and the transportation of goods and services are a fundamental component of the $88 trillion global economy. The value of all exports in 2019 was $24.9 trillion.

The Chinese economy continues to show immense strength, and the country is now the top trading partner of 128 countries around the world. China exported $2.6 trillion worth of goods last year, representing 18% of GDP and making them the largest exporter in the world. This economic prowess is also expressed through their enormous shipping hubs – 70% of the TEUs from the top 10 flow through China.

The aggregate volume of goods and services that move between the worlds largest shipping hubs has risen in relation to global trade figures over time, from 212 million TEUs in 2014 to 250 million in 2019.

Where does this data come from?

Source: Marine Department of Hong Kong
Notes: Latest data is as of 2019

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Bitcoin is the Fastest Asset to Reach a $1 Trillion Market Cap

Bitcoin is now part of a select very few assets that hold a market cap greater than $1 trillion. How long did it take to get there?

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Bitcoin fastest asset to $1 trillion

The Briefing

  • Bitcoin (BTC) hit a $1 trillion market cap in just 12 years, making it the fastest asset to do so
  • Investor sentiment towards BTC appears to be at extreme bullishness, with the asset adding roughly $500 billion in market cap just in 2021

Bitcoin is the Fastest Asset to Reach $1 Trillion

The world is moving forward at an accelerated pace. Historically, it’s taken multiple decades for companies to be worth $1 trillion. For bitcoin, it took just 12 short years to reach such a milestone.

To help put things into perspective, here’s a look at how long it took America’s biggest tech companies to reach the $1 trillion market cap.

AssetTime To Reach $1 TrillionCurrent Market Cap
Microsoft44 years$1.9 trillion
Apple42 years$2.2 trillion
Amazon24 years$1.7 trillion
Google21 years$1.5 trillion
Bitcoin12 years$1.1 trillion

Market caps as of April 12, 2021

Extreme Bullish Sentiment

Bitcoin has been subject to widespread commotion in markets.

At the start of 2021, the cryptocurrency had a more modest market cap of $500 billion, but has gained more than another $500 billion since. An onslaught of headlines has contributed to extremely bullish investor sentiment, including:

1. CEOs begin to show interest
Elon Musk and Jack Dorsey have made sizable investments in bitcoin through Tesla and Square, respectively. It’s estimated the gain from Tesla’s $1.5 billion bitcoin investment was greater than the profits from the entirety of their business in 2020.

2. New ETFs on the block
Multiple Bitcoin ETFs focused were recently approved by Canadian regulators and some have already launched on the Toronto Stock Exchange (TSX). For many years, the Grayscale Bitcoin Trust (GBTC) was the only readily accessible investment vehicle trading on equity markets that had exposure to BTC.

3. Financial institutions finally joining in?
Mastercard, Visa, and Bank of New York Mellon have made announcements to make it easier for customers to use cryptocurrencies.

On to the Next Trillion?

Future projections for the price of bitcoin are garnering more extreme and widening price targets.

The accelerated rate of change today has many of the Big Tech companies already inching closer to the next trillion in value. Will bitcoin follow suit?

Where does this data come from?

Source: coinmarketcap.com
Notes: Financial data is as of April 12, 2021

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What The Data Says About Wealth Inequality

Over the past decade, the top 1% of U.S. households’ portion of wealth has gone from 28.6% to 31.2%.

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The Briefing

  • Today, the top 1% of U.S. households own 31.2% of total wealth
  • Data going back over 200 years suggests that wealth inequality in both the U.S. and Europe reached its peak in the early 1900s

What The Data Says About Wealth Inequality

Wealth inequality has gone through peaks and troughs throughout history.

Most recently, in the decade between 2010 and 2020, the top 1% of U.S. households’ portion of wealth has gone from 28.6% to 31.2%.

However, when expressed in raw dollars, things begin to look different. Wealth during the same period for the 1% went from approximately $17.5 trillion to $35 trillion. Meanwhile, the total wealth pool rose from $60 trillion to $112 trillion.

In other words, all households by category have amassed wealth during the same period, albeit at different rates.

Household Wealth PercentileAnnual Growth in Wealth (CAGR)
Top 1%6.54%
90-99%5.75%
50-90%4.97%
Bottom 50%3.30%

Source: The Federal Reserve

Drivers Of Wealth Inequality

The longest bull market in history, which went from March 2009 to February 2020, has been a big driver for the recent divergence. The U.S. composition of wealth for the top 1% of households skews towards corporate equities and mutual funds, of which they collectively own $14 trillion. By contrast, the bottom 50% of households own $0.16 trillion.

It’s often said a stock market correction is long overdue. Since the top 1% of households clearly have the most skin in the game, if one were to transpire, wealth inequality would likely retract.

A Longer Term Look

Although the inequality of wealth is heavily discussed in today’s climate, the numbers have been higher before.

Wealth inequality, measured by the top 1% of U.S. households’ portion of wealth, was at its peak at the start of the 20th century. Back then, a harsh and more concrete class divide with lower rates of upward mobility were common themes.

2 centuries of wealth inequality

At its peak in 1910, the top 1% of U.S. households owned well over 40% of all wealth. Major world wars and the Great Depression seemed to be catalysts against this, and the years after WWII brought about some of the lowest levels of inequality seen in the modern era.

Wealth inequality has ebbed and flowed throughout history, but it has steadily crept back up in the last few decades. Today, its adverse effects continue to garner the attention of more people—including policy makers who are facing immense pressure to find a solution.

Where does this data come from?

Source: The Fed
Notes: This data covers Q2’2010-Q2’2020

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