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Indiaexportnews.com

Incheon's air cargo volumes up 7.7pc in May

  12.07.2017    

Korea's Incheon airport has posted 7.7 per cent increase in cargo to 238,000 tonnes in May on the back of the "gradual recovery" in the country's core exports, such as semiconductors.
Cargo bound for the Americas in May was up 12.7 per cent, to Europe up 5,4 per cent and to south east Asia up 13.7 per cent year on year.
"As for the volume of cargo bound for Japan, which had recorded a poor performance last year, a robust growth of 9.6 per cent was reported, contributing to overall growth." said the airport authority.
Looking at the volume of cargo bound for China, Incheon recorded a 3.8 per cent drop compared to the same month last year. The airport said this was mainly due to "the stricter attitude adopted by Chinese customs authorities, supposedly in retaliation of the deployment of THAAD in South Korea".
THAAD is a US Army anti-ballistic missile defence system which may be installed in South Korea in response to continued ballistic missile tests by North Korea, reports London's Air Cargo News.



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