Gain for New York air cargo

Gain for New York air cargo

Air-cargo imports and exports in the New York area grew by 3.7 percent in January and February against the same period last year.

The area is the busiest air-cargo region in the United States, with John F. Kennedy International Airport in New York and Newark Liberty the two busiest airports.

The Port Authority of New York and New Jersey said exports grew by 14.6 percent, led by Japan shipments, up nearly 19 percent. China continued to move up, from five to four, in the export rankings.

Imports rose by 2 percent in the period. New York led the nation, handling over 22 percent of all U.S. imports for the January-February period.

The district typically handles nearly a quarter of all U.S. imports, and over 45 percent of all U.S. apparel imports.

Despite the weak U.S. dollar, major commodity segments experienced respectable growth. Apparel, though, which predominantly originates from the Asian region, was affected by overall weaker market demand, freighter flight cancellations because of Chinese New Year, and the weaker U.S. dollar.