Air cargo worldwide showed a year-on-year (YoY) weight increase of 1.1% in February, accompanied by a yield/rate increase of 84%, said WorldACD in a new report. Except from the sub-region Australasia & the Pacific (-26% YoY), air cargo exports kept growing, particularly from the sub-regions China and North East Asia, showing YoY growth figures of 46% and 24% respectively. The entire region’s air cargo output grew by 19% YoY, by 14% vs 2019, and by 6% vs the bumper year 2018. In imports, Asia Pacific was 7% above 2020, 2% above 2019, but 4% below 2018. The highest rates in air cargo at the moment are paid for business originating in South Korea, both eastbound and westbound: demand for Covid-19 diagnostic kits and a sea/air transfer play an important role here.

Source: The North Africa Journal March 17, 2021 09:56 UTC