Liner Shipping Connectivity Index (2024) – Top Five Connected Countries In World & Continents
What is LSCI (Liner Shipping Connectivity Index)?
UNCTAD linear Shipping connectivity index (LSCI) is an index for assessing country’s integration with the global liner shipping networks. This index is calculated and tracked by the United Nations Trade and Development (UNCTAD). This is a pivotal parameter to assess the shipping connectivity for a country.
Global liner shipping is a complex network of ports and shipping routes. Shipping liner companies create this network to sustain the movement of containerized cargo shipments. These large shipments move from one port to another as part of regular scheduled services. A good LSCI score means the country has robust support to guarantee supply chains. It also indicates extensive port infrastructure to handle big shipments regularly.
Components For Calculating LSCI Index
The LSCI is calculated on the basis of below factors :
Liner Shipping Connectivity Index 2024: World and Continents
Liner Shipping Connectivity Index is a major benchmark to find the most connected countries in the world. Untied Nations Trade and Development (UNCTAD) publishes this on a quarterly basis.
The image at the top shows the global performance on the Liner Shipping Connectivity Index. This data is from Q4 – 2024. It also depicts how continents fare individually.
World: Four out of the top five spots are dominated by the East- Asian countries (especially east Asian countries).
- China tops the LSCI index by a big margin and by far the most connected country in the world.
- Singapore and South Korea occupies the second and third place in the world rankings.
- The only non-Asian countries in top 5 is world’s largest economy United States of America.
- Malaysia is a surprise entry at number 5 in this list.
Conclusion
World shipping connectivity is an important pillar for attaining growth for any country or continent. Around eighty to 90 percent of world trade is done through shipping. Countries with high shipping connectivity experience stronger trade flow. This leads to better trade exposure and early entry into developing international markets. They also benefits from lower logistics cost and growth of overall industry, including shipping, logistics, and warehousing industry.
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