Trade Volume from China Port Reaches $2.65 Billion in 2017

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Enterprise Television – Trade Volume from China Port Reaches $2.65 Billion in 2017

The Deputy Director, Guangzhou Port Authority in China, Yuan Yue Tuesday said that trade volume between the port and Nigeria stands are $2.6 billion in 2017.

Yuan Yue made this disclosure at the ongoing International Association of Port and Harbour (IAPH) organized by NPA in Abuja.

He said that the volume of export and import between Africa and Guangzhou in 2017 was $12.86 billion up by 11 per cent year.

Yue giving during a presentation, said the volume of trade between port of Guangzhou and Nigeria was $2.65 billion which was an increase of 91 per cent year on year.

She stated further that the total container throughput between Guangzhou port and Africa in the same period was 443,700 TEUs of which the throughput between Guangzhou port and Nigeria exceeded 100,000 TEUs.

β€œAt present, there are 22 liner routes from Guangzhou to Africa which is one of the ports with intensive routes between China and Africa,” he said.

The cargo from Guangzhou port can reach more than 40 ports of African coastal countries.

Guangzhou, the oldest port in China handles 580 million tonnes of cargo annually.