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.
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