Hong Kong International registers 6.7% drop in cargo volumes in H1
15 / 07 / 2019
The world’s largest cargo airport, Hong Kong International Airport (HKIA), saw freight volumes slide by 6.7% year on year over the first half of the year.
HKIA recorded total cargo volumes for the period of 2.3m tonnes.
In June, cargo performance lagged behind the rest of the year as it registered an 8.6% decline to 387,000 tonnes.
The performance is a reflection of a wider slowdown in the air cargo market, with the transpacific trade coming under particular pressure due to the US-China trade conflict.
“The decrease in throughput in June was attributed to weaker performance in transhipments and imports, which dropped by 13% and 11%, respectively,” HKIA said.
“Amongst the key trading regions, cargo throughput to Southeast Asia and Europe decreased most significantly.”