Chart created by Visual Capitalist 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.