The volume of international air freight between Asia and the United States has increased by 5%
In recent weeks, there have been signs of recovery in trade volume between the Asia-Pacific region and the United States, while data from Europe has weakened. This could be a sign of rebalancing trade volume after the United States finalizes more tariff arrangements.
WorldACD's data shows that in the week ending August 10 (the 32nd week), the weight of charges between China and the United States increased by 1%, while in the 31st week, this figure remained unchanged, and in the 30th week, it rose by 5%.
In addition, in the 32nd week, China's demand for the United States increased by 5% year-on-year, marking the first year-on-year growth since mid-April.
In contrast, led by China, South Korea and Indonesia, the export tonnage of the Asia-Pacific region to Europe has declined for four consecutive weeks.
WorldACD stated: "The industry development contrary to that in Europe and North America indicates that as more tariffs are finalized, China's air cargo exports may rebalance and re-engage with the United States." "
Although the freight volume between the Asia-Pacific region and Europe has been on a downward trend in recent weeks, it has increased by 7% year-on-year. Among them, the freight volumes in Vietnam, Hong Kong and China have increased by 29%, 21% and 8% respectively.
In terms of spot exchange rates, prices from the Asia-Pacific region to the United States rose by 2% last week, but still dropped by 14% compared with a year ago.
WorldACD stated: "The price of air tickets from Taiwan, China to the United States has risen by 9% weekly, but that from South Korea to Taiwan, China has dropped by 5% weekly, and that from Japan, Vietnam and Singapore to Taiwan, China has decreased by 2% weekly."
The price of air tickets from China to the United States has dropped by 11% compared with last year, but has risen by 5% month-on-month.
The data provider added, "Prices in South Korea dropped by 5%, compared with a 10% decline in the previous week, which offset the previous year-on-year increase." Taiwan, China is the only market in the region that has a higher year-on-year growth rate (9%) compared to the United States. House prices in Thailand dropped by 8%, and those in Vietnam fell by 29%.
Meanwhile, the spot exchange rate from the Asia-Pacific region to Europe "fluctuated less", remaining stable compared with last week and dropping by 3% year-on-year.