Asia-pacific: largest market for cargo shipping trade
asia-pacific accounted for the largest share of the global cargo shipping trade in 2016.
Developing asian economies are driving growth in asia-pacific region. China is major
exporter in asia-pacific as it is developed as manufacturing hub. Market demand,
developments in port infrastructure and strong government support have enabled asia-
pacific to achieve largest market share.
The european region has been segmented into germany, france, the U.K., Spain and
russia. Europe is estimated to account for the second-largest share in the global cargo
shipping trade in 2016. The EU countries are expected to show steady growth in near
future due to various initiatives by european union and rising global demand.