Hong Kong December aircargo dives 29%

1/15/2009 9:31:14 AM

Hong Kong's aircargo throughput in December plunged more than 29 percent from a year earlier with volumes hammered by weak global demand for Asian goods amid deteriorating economic conditions in Western markets.   Reuters reported that the decline in trade accelerated from a 19 percent year-on-year drop in November to 29.7 percent.   Data released by Hong Kong Air Cargo Terminals Ltd (Hactl) showed that air cargo volumes through Hong Kong for 2008 as a whole fell 3.8 percent from 2007 to total 2.53 million tonnes. Hong Kong is a re-export centre for trade between Asia and the rest of the world.   CargoNewsAsia

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