Narita Airport Exports Hit Record High for First Time in 14 Years

According to Tokyo Customs, exports from Narita Airport in October totaled 1,148.8 billion yen (+22% y-o-y), the largest in 14 years. The rapid resumption of economic activity in the U.S. led to a 50.2 billion yen (+51%) increase in exports of electrical measuring instruments, a major customer in the U.S., and 71.5 billion yen (+27%) in exports of scientific and optical instruments, including cameras and lenses. Sales in each region increased.

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Ocean freight rates decreased via the West Coast of North America (-5.6% week-on-week), via the East Coast of North America (-3.5%), Europe (-7.0%), and Korea (-4.4%).

IATA said the air cargo market is stable despite demand falling for the sixth month in a row in August. The airline association’s latest data shows that demand in August fell by 8.3%, which was a slig