Freight Costs From China to Turkey Decreased Rapidly and Expected to Fall Further

Freight costs from China to Turkey have halved and are expected to decrease further. Three months ago, the cost of a 40-foot container for Shanghai-Istanbul was around USD 12 thousand. As of W37, it has reduced to half that, at USD 6 thousand. Container costs are expected to decrease to USD 4 thousand in the next 5 to 6 months. This will decrease the costs of imported goods from China and make Turkish agricultural products, especially fruit, more competitive in the Chinese market.