January HKIA cargo throughput down 26.4% YoY

Global economic uncertainties and factories’ holiday closures weighed it down.

Cargo throughput at the Hong Kong International Airport declined by 26.4% year-on-year (YoY) to 288,000 tonnes in January as it remains affected by global economic uncertainties.

In a statement,  the Airport Authority of Hong Kong the closures of Mainland factories during the Chinese New Year holiday resulted in a drop in import and export cargo of 36% and 33%, respectively.

READ MORE: Hong Kong, Dongguan ink pact to develop air cargo shipment

Cargo volume significantly declined in Southeast Asia, Taiwan, North America, and Europe.

In the past 12 months, cargo throughput was down 18.2% YoY to 4.1 million tonnes.