For Hong Kong March flatline brings April decline

HKIA

March’s flatline growth in cargo throughput at Hong Kong International Airport (HKIA) has swung to an 8.1 per cent year-on-year decline in April, dropping to 394,000 tonnes.

Cargo traffic remained weak due to uncertain global economic conditions, including uncertainty in Europe over Brexit, as well as the escalating trade war between China and the US.

The decrease in cargo throughput this April was mainly due to 11 and 10 per cent declines in imports and transshipments, respectively. Among key trading regions, Southeast Asia and Europe saw the most significant decreases.

In the first four months of the year cargo throughput recorded 1.5 million tonnes, a decline of 6.1 per cent compared to the same period last year.

On a 12-month rolling basis, cargo throughput recorded 5.0 million tonnes, a decrease of 1.7 per cent compared to the same period last year.

Commenting on HKIA’s competitive advantage, Cissy Chan, executive director, Commercial of the Airport Authority Hong Kong says: “HKIA has been recognised as the world’s busiest cargo airport since 2010. We will develop our cargo strategy in three key areas – e-commerce, transshipments and high-value logistics – while continuing to work closely with our business partners to maintain HKIA’s position as the world’s leading air cargo hub.”

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For Hong Kong March flatline brings April decline
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For Hong Kong March flatline brings April decline
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March's flatline growth in cargo throughput at Hong Kong International Airport (HKIA) has swung to an 8.1 per cent year-on-year decline in April, dropping to 394,000 tonnes.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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