India’s containerised trade is recovering sequentially although it continues to contract compared to last year, said a note from AP Moller-Maersk. “During Q3 of 2020 (July to September), the Indian containerised trade contracted by about 8% as compared to the same period last year. However, compared to Q2 of 2020, there has been a 31% increase in volumes, indicating that trade is on a path of recovery. Exports out of India are up by 14% over Q3 of last year while they are 47% higher than Q2 of 2020. Imports are however 28% lower than Q3 of 2019, but have recovered by more than 30% from Q2 2020,” said Maersk in the note.
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