21st Century Maritime Silk Road saw recovery in April in comparison to March on the Maritime Silk Road Trade index between China & Other Nations.
The Import & Export index climbed 1.36% month on month to 124.21 in April but declined 4.81% compared to same period last year, according to Ningbo Shipping Exchange.
The April Sub-index for Export rose 8.16% from March to 138.85, up 3.5% from a year earlier, while that for import reached 109.31, down 13.77% year on year. Containerised Cargoes & Bulk Cargoes both reported month-on-month growth in April.
According to Analysis, China’s trade with major Regions along the Belt & Road improved by varying degrees in April after a decline earlier this year.
The Monthly Index was officially launched in May 2017 to track the trade development between China and the Major Countries participating in the Maritime Silk Road Cooperation under the Belt & Road Initiative.