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Airfreight Export Consolidation from Japan (July 2022)

The Japan Air Freight Forwarders Association (JAFA) reported July air export consolidated shipments from Japan totaled 83,465 tons (-15.4% y/y) and 822,151 shipments (-8.3% y/y). The weight of cargo declined year-on-year for the seventh consecutive month. By region, shipments to North, Central, and South America were down 15.1%, those to Europe, the Middle East, and Africa were down 12.4%, and those to Asia and Oceania excluding the Middle East were down 16.2%. Sales to China continued to be weak.

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CCFI Summary week 19

Ocean freight rates increased via the West Coast of North America (+1.5% week-on-week), Europe (+4.0%), and Korea (+3.3%). Freight rates via the East Coast of North America (-0.9%) decreased.

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