Germany still best performing country in trade logistics
The World Bank has released its aggregated Logistics Performance Index (LPI), an interactive benchmarking tool evaluating the logistics performance of 167 countries. Germany ranked the best performing country in the field of trade logistics.
The aggrevated LPI combines the four most recent LPI editions. Scores of the 2012, 2014, 2016 and 2018 LPI surveys were used to generate a “big picture” to better indicate countries’ logistics performance, the World Bank explained. The countries are evaluated based on six factors, being customs, infrastructure, international shipments, logistics competence, tracking and tracing and timeliness.
Germany remains on top
Germany is considered to be the best performing country in the field of trade logistics. Only in 2012 its top position was taken over by Singapore, but it has remained the leading country since 2014. “Germany remains Logistics World Champion! Proud to be part of it!” commented DB Cargo on Twitter.
The aggrevated LPI showed a shared second place for the Netherlands and Sweden, followed by Singapore and Belgium, also equal in ranking. Singapore is the only non-European country in the top five. Also the top 20 is dominated by European countries, accounting for 14 ranks. Other countries in the top 20 are Japan, Hong Kong, UAE, Canada and Australia.
The worst performing countries in the field of trade logistics are Somalia, Haiti, Afghanistan, Sierra Leone and Syria. Noteworthy is a 27th place for China and a 31st for Poland, both important countries on the New Silk Road. Similarly, Kazakhstan ranks 77 and the Russian federation 85, while Turkey and Iran rank 37 and 81 respectively.
Although holding a shared third place, Belgium scores highest in terms of international shipments and equally high as Germany in timeliness. Also Sweden and Hong Kong score better than Germany in terms of international shipments. The World Bank comments: “Each year’s scores in each component were given weights: 6.7 per cent for 2012, 13.3 per cent for 2014, 26.7 per cent for 2016, and 53.3 per cent for 2017. In this way, the most recent data carry the highest weight.”