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Demand for Chinese Goods Is So Strong There’s a Container Shortage

Views of the Yangshan Container Port Ahead of China Trade Figures
Photographer: Qilai Shen/Bloomberg
Updated on

Global demand for Chinese goods has been so strong recently it’s creating a shortage of containers and driving up shipping costs, potentially impeding the nation’s exports in coming months.

Exports have been on a tear since July last year, fueled by pandemic-related purchases like medical masks and work-at-home equipment, including computers. Imports haven’t been growing at nearly the same pace, resulting in a lack of shipping containers returning to China to be refilled and sent out again.