Test
  • Home
  • CargoDigital
  • Videos
  • Archive
  • About us
  • Subscribe for FREE
25. October 2015

Japan’s Air Cargo Volumes Face Contraction

China’s continuing economic downturn will have a negative effect on Japan’s international air cargo volumes, which are expected to contract for the first time in two years, Nittsu Research Institute and Consulting Inc. (NRIC) said in a report.

Japan’s air cargo volumes are dropping  -  company courtesy
Japan’s air cargo volumes are dropping - company courtesy

´The Tokyo-based firm which is a subsidiary of Japan’s leading freight forwarder Nippon Express, revised its previous fiscal 2015 forecast of a 3.8% decline to 5.4% as Japan feels the effects of the economic slowdown in China, one of its largest trading partners.

Air cargo exports are projected to decline 6.4% from a year earlier to 1 million tonnes, while air cargo imports are projected to shrink 4.4% to 1.1 million tonnes.

Victim of Chinese economic weakness
NRIC had previously forecast a 4.6% decline in exports and a 3% drop in imports.
In fiscal 2014, Japan’s air cargo trade with foreign countries expanded 4.2% year over year, with exports up a massive 15.4%, which offset an import drop of 4.7%.

China’s economic decline has caused Asia-Pacific air carriers’ traffic year over year to drop 2% in July and 1% in August, the most recent months for which data is available.

Nol van Fenema

tagPlaceholderTags:

Write a comment

Comments: 0
Superbanner bearbeiten »

Advertisement
Advertisement

Advertisement
Advertisement


Newsletter

Stay up to date with the latest News of CargoForwarder Global!


About | Privacy Policy | Cookie Policy
Log out | Edit
  • Home
  • CargoDigital
  • Videos
  • Archive
  • About us
  • Subscribe for FREE
  • Scroll to top