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Trade

ASEAN share of US-bound container shipping reaches 20%

Growth, driven by furniture and electric equipment, reflect shift from China

Shipping containers, like these shown at a port in Ho Chi Minh City, are in short supply in Vietnam.   © Reuters

TOKYO -- The Association of Southeast Asian Nations is making its presence felt in the U.S.-bound marine transportation market.

Total shipping volume originating in the ASEAN region increased in 2020, pushing its global share above the 20% mark for the first time. In contrast, the share of shipping originating in China, which is the highest globally, has decreased for two straight years.

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