The chart above shows how dramatically international shipping rates have fallen over the past 3 months.
The data is based on the Freightos Baltic Index (FBX) which has fallen a stunning 80%+ since its peak in late 2021.
The declines have been especially steep in the past 3 months. Here are just a few examples:
|Shipping Route||Peak Price (Last 90 days)||Recent Price||Change|
|East Asia -> North America West||$2,702||$1,323||-51%|
|North America West -> East Asia||$1,037||$805||-22%|
|East Asia -> North America East||$6,296||$2,812||-55%|
|East Asia -> North Europe||$4,853||$2,978||-39%|
|North America East -> North Europe||$850||$552||-35%|
|North Europe -> North America East||$7,102||$5,507||-22%|
You can learn more about international container shipping rates here.