Singapore Changi Airport has reported that air freight throughput fell 8.3 per cent in February to 137,000 tonnes, compared to the same month last year.
The gateway is the latest Asian hub to report a decline in the month after Hong Kong International Airport this week reported a fall in tonnage of 14.4 per cent for last month.
Singapore Changi put the figures down to the slowdown in world trade saw all cargo flows – exports, imports and transhipments – weakening.
In 2018, the airport was ranked as the 12th busiest cargo hub handling 2.19 million tonnes, a 1.4 per cent rise on 2017, according to the Airports Council International (ACI). It is Asia’s sixth busiest for freight after Hong Kong, Shanghai, Incheon, Taipei, and Tokyo Narita.