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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Ocean freight rates decreased via North America West Coast (-8.3% week-on-week), North America East Coast (-0.5%), Europe (-2.7%), and Korea (-3.4%). 海上運賃の推移は、北米西岸経由(前週比 -8.3%)、北米東岸経由(-0.5%)、欧州(-2.7%)

Ocean freight rates increased via the West Coast of North America (+0.5% week-on-week) and South Korea (+1.9%). Freight rates via the East Coast of North America (-0.8%) and Europe (-3.3%) decreased.