[OC] Trade between China and Russia hit a record 190B in 2022, up 30% from 2021. Cargo containers are essential for international trade & the transportation of products.boganvegan t1_jd5fnsh wrote
Reply to comment by RobinWheeliams in [OC] Trade between China and Russia hit a record 190B in 2022, up 30% from 2021. Cargo containers are essential for international trade & the transportation of products. by RobinWheeliams
Can you clarify exactly what is the commodity? The source link only goes to the OEC homepage.
If we total the $ per quarter in 2022 we get to approximately $600m. If we are talking about 1.2 million standard cargo ship containers then the price per container is only around $500 which would be cheap even for used containers.
Considering that there around 65 million shipping containers on the planet then a single country purchasing 1.2 million new is huge purchase for something which has a lifespan of around 20 years.
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