The cost to from China to the United States has reached record highs. Moving a container across the pacific is costing shippers over $20,000, a number that is nearly double of what it was in July, which was already twice of what it cost back in January.
I have been pondering importing a motorcycle. Back in May, only to find out that some aren’t doing motorcycle imports right now because shipping containers are so expensive. Things have only gotten worse since then, as container shipping has nearly doubled in cost since July.
According to the , a platform that tracks global shipping prices, the global average cost to ship a container is $10,517. This echoes similar numbers by the Economist last month.
Shiping a container from China and East Asia can set a shipper back $20,825, or just short of the price .
We’ve previously covered how the supply chain is being pushed past its limits. Consumer demand outstrips the speed that carriers can get goods across seas . This has led to some ships to save time while others . Dozens of ships remain stuck outside of California and New York waiting for weeks to unload.
Some companies have found ways around the high prices. Peloton, makers of those expensive exercise bikes, are utilizing air freight. Big box stores are just chartering entire ships just for themselves. Others are simply raising prices to match. Amazingly, one of those stores is Dollar Tree, which .
It’s not known when things will go back to normal, but some experts suggest it could be as far out as 2023. Thankfully, the price has not skyrocketed. So if you want to import a vehicle, skip the container and have it driven onto a ship.