Air cargo tonnages from southeast Asia to the US have rebounded, but this is reportedly due to a previous drop in volumes rather than a surge ahead of the 1 August US tariffs deadline.
This is the verdict of the latest WorldACD Market Data report, which found that following big drops in the previous week (week 28), tonnages from various Southeast Asia origin markets to the US rebounded strongly in week 29 (14–20 July), regaining most or all of the volumes lost the previous week.
Vietnam was up 10% week on week (WoW), Malaysia was up 13% WoW, Thailand was up 18% WoW, while Indonesia was up a massive 52% WoW.
The report found that along with a 9% WoW rebound from Japan origins to the US, the increases more than compensated for a 1% WoW decline in tonnages from China and Hong Kong combined, lifting tonnages from Asia Pacific to the US back into positive territory, up 3% WoW, following a 5% WoW decline in week 28.
But the increase in chargeable weight from Southeast Asia origin to the US in week 29 seems more reflective of a rebound in tonnages from the fall experienced the previous week, rather than a last-minute surge ahead of the 1 August US tariff deadline, noted WorldACD.
Overall, air cargo tonnages softened in the third week of July from most of the world’s main regions, with few signs of any last-minute surge in tonnages ahead of the latest US tariffs deadline.
Worldwide tonnages dipped by 2% WoW in week 29, following three weeks of relatively stable volumes in late June and early July.
Source: https://www.aircargonews.net/data-news/no-tariff-effect-on-rebound-in-southeast-asia-us-volumes/1080444.article
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