Hamburg News: Hafen und Logistik - Shipping-Container-Schiff - © HMG Christian Spahrbier
Freihandelsabkommen der EU-Staaten mit Japan seit 1. Februar in Kraft © ONE / Dietmar Hasenpusch

Port expects rising trade with Japan

EU-Japan free trade agreement in force - significant rise in bilateral foreign trade expected

Significant growth in trade volumes between Hamburg and Japan are expected this year since the EU-Japan Free Trade Agreement took effect on Friday (February 1, 2019). A total of 1.3 million tonnes of maritime goods were imported and exported in 2017 between Japan and the Port of Hamburg. Almost all goods (99 per cent) are shipped in containers.

Japan – Hamburg’s top trading partner

Container handling between Hamburg and Japan reached 131,000 TEU in 2017. Japan is the 18th most important partner for sea container handling in the Hanseatic city. Wood products, paper and cardboard, as well as metals and chemical products, are among the most important goods shipped by sea from Hamburg to Japan. Vehicles, machinery and household appliances, metals and metal products, as well as chemical products, are imported from Japan via the Port of Hamburg.

Container traffic in the Port of Hamburg with Japan increased by 9 per cent in the first half of 2018. The elimination of existing customs duties and the opening of markets should also lead to further growth in foreign trade with Japan in the Port of Hamburg.

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