India’s air cargo exports to the United States have taken a sharp downturn following the steep tariff hike imposed by Washington at the end of August, according to the latest weekly figures from WorldACD Market Data.

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Worldwide air cargo tonnages rebounded in May with a four percent month-on-month (MoM) increase, according to the latest weekly figures and analysis from WorldACD Market Data.

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Worldwide chargeable weight declined one percent in week 19 (May 5-11) compared to the previous week, marking a string of contractions since the first week of April that was only interrupted by stable volumes in week 17.

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Preliminary air cargo figures for April indicate that worldwide tonnages for the month were up by six percent year on year (YoY), driven by a +10 percent YoY increase from Asia Pacific origins as U.S. importers adjust to big changes in China-US trade rules.

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Global air cargo rates and demand edged slightly upwards in the second full week of March, with Middle East & South Asia (MESA) the only major origin region registering a drop in tonnages, according to the latest weekly figures from WorldACD Market Data.

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