Cargo Processing in South Korea

The total amount of cargo processed at South Korea’s seaports rose 8.1 percent on-year in August, fueled by a rebound in global trade, government data showed Tuesday.

According to the data by the Ministry of Land, Transport and Maritime Affairs, total volume handled reached a little more than 97.2 million tons last month. The volume covers both exports and imports and transshipment cargo that use South Korean ports on their way to another country.

The amount is a clear sign that local ports have fully recovered from last year’s worldwide slump that seriously affected trade.

The latest report said cargo volume of automobiles, chemical-based materials and steel products all posted solid gains vis-a-vis the year before. Handling of automobiles surged 43.2 percent in the cited month.

The ministry said volume at the port of Pyeongtaek, located about 70 kilometers south of Seoul, soared 69.6 percent on-year last month, while the amount for Busan, the country’s largest seaport, rose 21.1 percent.

The number of shipping containers handled at all seaports also increased 19.4 percent in August to more than 1.65 million TEUs, or 20-foot equivalent units, according to the ministry.

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