News

News

Ramadan is coming, and it's time to liquidate again!
Publication time:2023-04-14     Reading times:     Typeface:【Big Medium Small

Ramadan in 2017 will be a few days earlier in the Gregorian calendar year, starting on May 27 and breaking the fast on June 26. All Muslims attach great importance to this Ramadan, and as a huge market where Ramadan is located, exporters are warmly reminded to arrange shipment plans in advance to avoid the cost of no one picking up the goods at the destination port.


Involved***

All Arab*** (22): Asia: Kuwait, Iraq, Syria, Lebanon, Palestine, Jordan, Saudi Arabia, Yemen, Oman, UAE, Qatar, Bahrain. Africa: Egypt, Sudan, Libya, Tunisia, Algeria, Morocco, Western Sahara, Mauritania, Somalia, Djibouti.

Non-Arab***: West Africa: Senegal, Gambia, Guinea, Sierra Leone, Mali, Niger and Nigeria. Central Africa: Chad. Southern African island nation: Comoros.

Europe: Bosnia and Herzegovina and Albania. West Asia: Türkiye, Azerbaijan, Iran and Afghanistan.

Five countries in Central Asia: Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan.

South Asia: Pakistan, Bangladesh and Maldives.

Southeast Asia: Indonesia, Malaysia and Brunei.

A total of 48 countries are concentrated in West Asia and North Africa (Arab countries, Central and West Africa, Central and West Asia and Pakistan are connected together). Only about half of the people in Lebanon, Chad, Nigeria, Bosnia and Malaysia believe in Islam.


Impact of Ramadan on foreign trade and shipping

During Ramadan, the governments and enterprises of the Muslim world will adjust their working hours, including customs, ports, freight forwarders, warehousing and other agencies and enterprises, and these import and export businesses may fall into a downturn or even stagnate.


1

shipping company

There will be a small peak season for goods exported to Muslims before Ramadan, and shipping companies can also increase sea freight appropriately to increase shipping capacity and increase revenue. During Ramadan, the volume will drop by 30% to 50%. A wise shipping company will deploy large ships to expand capacity before Ramadan to earn more freight.


2

exporter

For shippers, preparation in advance is always the key to good business. Calculate the voyage factor and try to make the goods arrive at the destination port before the start of Ramadan, which will be more convenient for the consignee to clear customs and pick up the goods in time. Otherwise, during Ramadan, the job cycle will be longer. If you arrive during Ramadan, you can request the shipping company to provide 14~21 days of FREE TIME.
Of course, cargo owners can also choose to arrive at the port of destination around the end of Ramadan, so that they can quickly catch up with the Eid al-Fitr consumption period. Eid al-Fitr begins on the day Ramadan ends. At this time, Muslims who have endured for a long time will go out for a lot of shopping. Imagine the "buy, buy, buy" scene of people driving sports cars.


 
Previous:The operation of the new shipping alliance is imminent, and foreign traders and freight forwarding companies are worried. What do you think?
Next:Within 5 days, CMA CGM added 4 new Asia-South America west routes (all outside the alliance)