Developing countries, especially in Africa and Oceania, pay 40% to 70% more on average for the international transport of their imports than developed countries.
This according to the United Nations Conference on Trade and Development’s (Unctad) Review of Maritime Transport 2015, released this month. The report highlights that the main reasons for this are to be found in these regions' trade imbalances, pending port and trade facilitation reforms, as well as lower trade volumes and shipping connectivity.
Meanwhile, developing economies' share of world container port throughput increased marginally to approximately 71.9%. According to Unctad, this continues the trend of a gradual rise in developing countries' share of world container throughput.
