Import/export

Six of the world’s largest ports, with a combined US$1.14 trillion of import/export trade for the H2 period, are said to be exposed to increasing geopolitical and windstorm risk in 2020. The trade volumes of each port easily exceed $100 billion, according to analysis by the Russell Group. Hong Kong, currently in the eye of a geopolitical storm cloud, heads the list of ports with $288 billion of trade passing through, with Singapore coming in not far behind with $255 billion. Houston, meanwhile, which lies at the heart of US global shipping, is potentially exposed to nearly $188 billion of Gulf of Mexico windstorm risk at the midpoint of the hurricane season.