
The cost of export freight from Valencia to the Far East falls by 22.1% in October
The Valencia Containerised Freight Index (VCFI) in October stood at 4,424.11 points, which represents a drop of -7.1% compared to September The macroeconomic scenario shows a slowdown in economic activity worldwide Congestion levels are showing a downward trend, with a reduction of 10.3% in the last week of October This index is based on the export prices recorded by the Port of Valencia, a benchmark in the world of Mediterranean Sea containers due to its volume Source: Valenciaport The Valencia Containerised Freight Index (VCFI) for October fell by 7.1% to 4,424.11 points. This decline is shared by all the areas analysed by this index, among which the decrease of 22.1% in freight rates with the Far East stands out, accumulating with this area the sixth consecutive month of decline. The VCFI is calculated based on the export prices recorded by the Port of Valencia, a benchmark, due to its volume, in the Mediterranean Sea container world. Since the beginning of the historical series in January 2018, it accumulates a growth of 342%. Undoubtedly, the current macroeconomic scenario is playing a key role in the downward evolution of freight price levels. In this sense, global economic activity is experiencing a generalised






















