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Worldwide air cargo up 11.8pc in July, offsetting weak China exports
CHINA's air freight exports grew in July by just eight per cent, down from a first half average of 19 per cent when the country registered double-digit growth every month over that period. On the other hand, import growth remained strong at 21 per cent year on year.
According to WorldACD, the slowdown in China has not impacted the overall air cargo market, which continues to be buoyant when compared to its performance in recent years. High growth from Hong Kong, India, the UK, Singapore and the Netherlands kept the industry healthy, reported London's Loadstar.
Worldwide overall volume grew 11.8 per cent in July year on year, led by Europe (up 14.2 per cent), Middle East and South Asia (MESA), which was up 13.5 per cent, Asia Pacific (up 13 per cent), and South America and Africa stood at 3.6 per and 2.6 per cent respectively. While pharmaceuticals were the fastest-growing sector, up 17.6 per cent, general cargo outpaced other product categories at 12.6 per cent.
In July, worldwide yields registered year-on-year growth of 7.8 per cent in US dollars, with Asia Pacific achieving the best growth at 13.2 per cent.
According to WorldACD, the slowdown in China has not impacted the overall air cargo market, which continues to be buoyant when compared to its performance in recent years. High growth from Hong Kong, India, the UK, Singapore and the Netherlands kept the industry healthy, reported London's Loadstar.
Worldwide overall volume grew 11.8 per cent in July year on year, led by Europe (up 14.2 per cent), Middle East and South Asia (MESA), which was up 13.5 per cent, Asia Pacific (up 13 per cent), and South America and Africa stood at 3.6 per and 2.6 per cent respectively. While pharmaceuticals were the fastest-growing sector, up 17.6 per cent, general cargo outpaced other product categories at 12.6 per cent.
In July, worldwide yields registered year-on-year growth of 7.8 per cent in US dollars, with Asia Pacific achieving the best growth at 13.2 per cent.
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