Total shipping volume from members of the Association of Southeast Asian Nations (ASEAN) increased in 2020, pushing its global share above the 20 percent mark for the first time and making its presence felt in the US-bound marine transportation market, reported Nikkei Asia Review.
In contrast, the share of shipping originating in China, which is the highest globally, has decreased for two straight years.
ASEAN's US-bound shipping volume of furniture increased 13.1 percent and 29.4 percent for home electronics from a year earlier. This helped boost the volume departing from Vietnam, which has many furniture and smartphone plants./.
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