ACI lists HKIA as world busiest cargo airport

STATISTICS recently released by Airports Council International (ACI) show that the cumulative air cargo volume across 20 busiest airports grew by 6.8 per cent in 2017, handling about 51 million metric tonnes of cargo, which represents 43 per cent of global air cargo volumes. Hong Kong tops the list handling over five million metric tonnes of cargo in 2017. Volumes at Hong Kong International Airport (HKIA) grew by 9.4 per cent year on year. Shanghai, Chicago and Doha witnessed a double-digit growth of 11.2 per cent, 12.6 percent, and 15.0 per cent, respectively. According to ACI, the air cargo industry experienced a revival across several world's airports in 2017, and the upward trend continues in 2018. Even with the uncertainty regarding the threat of trade wars, and the growth of protectionist sentiments across the world, business confidence remains strong across inventory build-ups, and increased export orders in 2017, reports The STAT Trade Times, Navi Mumbai. The robust economic growth in the United States, along with an increase in global industrial production, followed by strong US dollar has boosted the inbound air cargo markets in the recent years. "The surge in cargo volumes and passenger numbers across several world's airports will help in increasing the business and consumer confidence, at least in the short term," said Angela Gittens, director general, ACI World. "The world's airports continue to be a vital link for growth of the economy, which the aviation sector provides," said Ms Gittens. "The universal access to online retail and e-commerce platforms represents a competitive pressure to the traditional brick-and-mortar retail shops in certain markets, but the huge growth in e-commerce has further fuelled the air cargo side of the airport business. It has resulted in increased global activity, especially in major markets, such as China and the US," she said. "The spectre of uncertainty in trade policy among major economies comes at a time when global commerce and our industry has recently thrived. The trans-pacific link, for instance, is an important ingredient in boosting international passenger traffic and international freight volumes," said Ms Gittens.
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