China Air Cargo Flights Soar as Trump Returns, Tariffs Approach
The surge in international cargo flights from China has become significant in recent weeks, coinciding with Donald Trump’s recent electoral victory in the United States. This rush comes as companies intensify efforts to acquire goods from China in anticipation of new tariffs.
Record-High Cargo Flights
According to data from China’s Ministry of Transport, there were 3,485 international cargo flights recorded last week, marking the highest level of activity since the reopening of China’s borders after extensive pandemic restrictions. This figure is notable as it represents the third consecutive week with over 3,400 flights.
Increasing Export Activities
China is currently experiencing an export boom, with expected shipment values set to reach record highs this year. In the lead-up to Trump's return to office in January, companies in the US are eager to finalize purchases before any new tariffs may be imposed on goods imported from China and potentially other nations.
Growth in Air Freight Volumes
From January to October this year, the number of air freight flights has increased by 73% compared to the same period in the previous year. Additionally, there has been an 8.3% increase in the number of cargo ships operating in and out of China, complemented by substantial growth in truck and train transport.
Air Cargo Pricing Trends
Despite the uptick in demand for air cargo, prices have not surged significantly. Experts, including Judah Levine from Freightos Group, note that while carriers are busy, they are not overwhelmed. The adjustments in planning and capacity for air freight lanes may help maintain steady shipping rates and avoid congestion towards the end of the year.
Future Outlook on Imports
As businesses continue to navigate these changes and uncertainties around tariffs, the focus remains on securing efficient pathways for imports. The upcoming months will be crucial as companies strategize around potential tariff impacts on cost and availability of goods.
China, Cargo, Tariffs