Hong Kong Airport’s cargo traffic continued to slide in May

Hong Kong International Airport (HKG) reported that air cargo traffic continued its downward slide in May 2019, slipping 7.3% year-on-year to 405,000 tonnes.
Cargo imports plunged 9% compared to May 2018, as trade tensions ramp up between China and the United States. The International Air Transport Association (IATA) found that global cargo demand fell 4.7% year-over-year in April, reflecting the worst drop the industry has seen in three years. The biggest declines came from manufacturing hubs in Asia and Europe, according to Air Cargo World, and Chinese output and investment fell more in April than previously predicted.  Tensions continued to escalate in May when the U.S. raised tariffs on $200 billion worth of Chinese goods.
HKG saw an overall 6.3% drop to 1.9 million tonnes since January, compared to the same period last year and exports and transshipments both decreased by 7% at the Hong Kong airport in May. Southeast Asia, Japan and mainland China saw the most significant decline in cargo throughput.
Air Cargo World reported in March that though the demand for e-commerce is fueling some emerging markets, the world is anticipating deceleration in American, Chinese and European markets. Survey results from an Agility Logistics analysis showed that participants expect trade between the U.S. and China to fall about 10% in 2019. The study also noted statistics from the International Monetary Fund that project the global forecast in 2019 will fall from 3.9 to 3.5% and cut predictions for growth in emerging markets from 5.1 to 4.5%.

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AAC Cargo is an international Freight Forwarding company, based in Dubai, with a reputation for providing outstanding quality that continues to secure a loyal customer base. The Company has developed a strong, young management team, which together with the founding Directors are committed to working within established quality procedures to provide each customer with the most reliable personalized service and dedicated to the continuous development of both our people and our services.

We provide a broad range of Sea Freight, Air Freight, Cars Shipping, Boat Relocation, International Movers, ExpressCargo, with our broad range of logistics solutions & Products and consolidation services, we ensure your cargo reaches the right place, at the right time in a cost-efficient way. We work with a spread of ocean carriers covering major carrier alliances with planned space protection from every major container port in the world to deliver reliability. We also work with many Airlines specialized in Air Freight.
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Air Freight, Sea Freight, Express Cargo, International Movers, Boat Relocation, Car Shipping, Parcel, Project cargo and Fine Arts cargo.




Title:International Cargo & Shipping Services

Keyword:Air Freight, Sea Freight, Express Cargo, International Movers, Boat Relocation, Car Shipping, Parcel, Project cargo and Fine Arts cargo.


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