IATA：Chinese air freight market is eye-catching

According to the latest data from IATA (International Air Transport Association), global air freight demand increased by 9.0% in 2017, which is twice the growth rate of global goods trade (global trade growth rate reached 4.3% in 2017). Among them, Chinese air freight market has performed well under the influence of trade growth. According to the statistics of Cargo Account Settlement System (CASS) of IATA, Chinese import and export orders in 2017 increased by 20% year-on-year.

The IATA pointed out that the increase in air freight demand is due to the improvement of the global economic situation. Specific to the performance of Chinese air freight market, in addition to the international freight demand, the role of Chinese good economic environment cannot be ignored. The report quoted the “Statistical Bulletin of National Economic and Social Development 2017” issued by the National Bureau of Statistics of China, saying that the total import and export of Chinese goods in 2017 was 277.923 billion yuan, a year-on-year increase of 14.2%. Among them, the export volume increased by 10.8%, and the import value increased by 18.7%.

The improvement of Chinese foreign trade situation has also brought benefits to the international air freight market. In 2017, cargo demand in the Asia-Pacific region increased by 7.8% year-on-year. Brian Pearce, chief economist of IATA, believes that Chinese impact on global air freight development is mainly reflected in three aspects: First, the continued growth of the Chinese economy will drive domestic household income and consumer spending growth, and this will It promotes the import of raw materials and products from other countries. Second, as a major manufacturer of goods in the world, the products produced in China will also be sent to the world through air freight. Third, the construction of Chinese domestic air freight network is increasingly perfect, which means Chinese domestic freight market will continue to maintain rapid growth in the coming period.

In addition, the IATA report points out that the role of e-commerce in promoting Chinese domestic and global air freight cannot be underestimated. The IATA report said that cross-border e-commerce as a new format is booming in China. According to data from the General Administration of Customs of China, in 2017, the total value of retail imports and exports through the customs cross-border e-commerce management platform reached 90.24 billion yuan, a year-on-year increase of 80.6%. A number of network festivals will continue to drive freight into the seasonal peak season, which is a good opportunity for global air freight and China Air freight.

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