Cargo volume growth at Hong Kong's airport slowed sharply in June as exports from China eased and fuel costs of airlines rose, the Airport Authority of Hong Kong said.
The airport operator said cargo volume in June rose 2.4 percent to 312,000 metric tonnes, from 305,000 tonnes a year earlier, but that is down from May's 6.7 percent growth and is the lowest expansion in cargo volume in the past year.
"The slower growth in air cargo was largely in line with the reduction in foreign trade between China and its trading partners in the month," the statement said. "Higher cost of air freight will also drive less time-sensitive shipments to sea freight."
For the first six months of this year, the airport handled 1.8 million tonnes of cargo, or 6.8 percent more than it did in the same period last year.
CargonewsAsia
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