The amount of cargo processed at South Korea’s seaports gained 3.8 percent last month from a year earlier fueled by more cargo passing through the country, the government said on Monday.
The volume of cargo handled at the country’s seaports reached 111.82 million tons in January, according to the Ministry of Land, Transport and Maritime Affairs. The figure marks the largest cargo volume handled by the country’s ports in January.
“The increase was helped by more transshipment cargo handled at local ports and a rise in trade for such goods as petroleum products and textiles,” the ministry said.
Transshipment cargo, which refers to products that go through local ports while en route to a final destination, soared 21.3 percent on-year to 691,000 20-foot-equivalent units (TEUs).
The volume of textile and petroleum products handled at the ports gained 9.6 percent and 8.7 percent, respectively, although the volume for coal, steel products and autos declined last month compared to the year before.