Hong Kong’s container terminal throughput falls out of list of world’s top ten ports

Alphaliner, an international shipping industry research organization, released the latest statistics on global port throughput in 2023 on Wednesday (17th). Hong Kong recorded port throughput of approximately 14.34 million last year, a year-on-year decrease of 14.1%, the seventh consecutive year of decline, reflecting Hong Kong’s container terminals. The business faces serious challenges.

Hong Kong container terminal throughput falls

According to Alphaliner data, Hong Kong's container throughput fell by 14.1% last year, marking the seventh consecutive year of decline since 2016. This data shows that Hong Kong's container terminal business is facing severe challenges and effective measures need to be taken to restore the situation.

Among the top ten ports in the world

A drop in Hong Kong's container terminal throughput has caused it to fall out of the top 10 ports in the world for the first time. This change has drawn attention to Hong Kong's status and competitiveness in international trade, and also highlighted Hong Kong's vulnerability in the face of global economic changes.

Challenges and opportunities coexist

Although Hong Kong's container terminal business faces challenges, there are also opportunities. Hong Kong can achieve sustained business growth by strengthening cooperation with the mainland and other countries, expanding new trade channels, and improving the efficiency and competitiveness of container terminals.

Strengthen cooperation and promote development

The Hong Kong government and relevant departments should actively cooperate with domestic and foreign enterprises to jointly promote the development of the container terminal business. By strengthening cooperation, Hong Kong can better respond to changes in the international trade environment and achieve steady growth in container terminal business.