Hong Kong Air Freight Falls 7.6 Percent

Hong Kong Air Freight Falls 7.6 Percent

Freight moving through Hong Kong International Airport tumbled 7.6 percent in June as the world’s largest air cargo gateway saw its weakest export volume in five months.

The decline was the fourth straight year-over-year drop at Hong Kong, and overall volume also slipped 2.7 percent from May to June.

Although the pace of the year-over-year decline improved from the 9.9 percent drop Hong Kong reported in May, the 8.4 percent decline in export volume compared to the same month a year ago gave the airport its lightest outbound volume since February, when the Lunar New Year slows manufacturing exports out of China.

Hong Kong, the world’s busiest air cargo airport, saw freighter movements slip 1.2 percent in June compared to June 2010. But capacity expanded from May, with movements of all-cargo aircraft up slightly from month to month.