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Cargo handled at HKIA declined in August

The air cargo traffic at Hong Kong International Airport in August continued its decline rate compared to last year. Total handled was 319,000 tonnes, which was 7.8% lower than August 2010. Weakening economic conditions in Hong Kong’s main markets of the US and Europe which are in the midst of financial crises, was mainly the reason for the decline in imports.

Meanwhile, traditional summer peak season travel saw new monthly records in August at HKIA for passenger traffic and flight movements. Fuelled by the burgeoning demand during the traditional summer peak season, passenger traffic continued its upswing, registering a year-on-year growth of 6.5% to a new record high of 5 million.

During the month, flight movements also reached a new high of 28,940, up 6.7% year on year, breaking the previous record made in March 2011.

While the cargo decline in August was mainly attributed to the 11% year-on-year drop in export volume, imports and transshipments reduced by 5% and 1% respectively compared to the same month last year. Europe, North America, Taiwan and Japan experienced double-digit year-on-year decrease in overall cargo traffic.

For the first eight months of this year, total cargo tonnage dropped 3.6% to 2.6 million.