Vietnam is seeing a sharp rise in air cargo exports to the US and Europe as manufacturers shift production from China amid tariff pressures, reports New York's Journal of Commerce.
Air cargo carriers have ramped up direct capacity from Vietnam, with Vietnam-US routes increasing 95 per cent year on year in August to 2,400 tonnes, according to analyst Rotate. The surge follows US tariffs imposed on Chinese goods in April, prompting electronics makers to relocate production.
Kathy Liu, vice president of global sales and marketing at Taiwan-based Dimerco Express Group, said manufacturers that moved operations to vietnam last year are now delivering finished goods. She expects peak season demand to begin in September.
US technology imports from Vietnam rose 91 per cent in the first half of the year, with laptop shipments up 113 per cent to 71,000 tonnes. Headphones and earphones saw a 318 per cent increase, said Rotate analyst Tim van Leeuwen.
Glyn Hughes, director general of The International Air Cargo Association, said laptop exports to the US have 'dramatically increased' and that European growth is a spillover from the China-to-Vietnam production shift.
Kuehne + Nagel said Vietnam has become a leading global air freight growth market. The forwarder and its Asian unit Apex now operate 14 self-managed flights weekly from Vietnam to the US to meet demand for electronics and semiconductors.
Although the US imposed 20 per cent tariffs on Vietnamese exports in July, it also threatened 40 per cent tariffs on goods transshipped via Vietnam. Mr Hughes said the threat appears to be deterring transshipment, with no evidence of such activity.
Ms Liu confirmed that Vietnamese exports are not subject to transshipment duties, as production is based locally. She said unless new regulations define transshipment cargo, current exports remain unaffected.
Meanwhile, China-US air cargo volumes continue to decline amid tariff uncertainty. IATA reported a 1 per cent year-on-year drop in July on the Asia-North America corridor, which accounts for 24.4 per cent of global volume.
IATA director general Willie Walsh attributed the fall to the expiry of US de minimis exemptions on small shipments and frontloading ahead of tariff hikes. He said August data will better reflect the impact of shifting US trade policies.
Mr Walsh added that Europe-Asia trade remains strong, with 13.5 per cent year-on-year growth in July marking 29 consecutive months of expansion. Rotate data shows China-Europe air cargo capacity rose by 20,000 tonnes in August to 129,800 tonnes.
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Air cargo carriers have ramped up direct capacity from Vietnam, with Vietnam-US routes increasing 95 per cent year on year in August to 2,400 tonnes, according to analyst Rotate. The surge follows US tariffs imposed on Chinese goods in April, prompting electronics makers to relocate production.
Kathy Liu, vice president of global sales and marketing at Taiwan-based Dimerco Express Group, said manufacturers that moved operations to vietnam last year are now delivering finished goods. She expects peak season demand to begin in September.
US technology imports from Vietnam rose 91 per cent in the first half of the year, with laptop shipments up 113 per cent to 71,000 tonnes. Headphones and earphones saw a 318 per cent increase, said Rotate analyst Tim van Leeuwen.
Glyn Hughes, director general of The International Air Cargo Association, said laptop exports to the US have 'dramatically increased' and that European growth is a spillover from the China-to-Vietnam production shift.
Kuehne + Nagel said Vietnam has become a leading global air freight growth market. The forwarder and its Asian unit Apex now operate 14 self-managed flights weekly from Vietnam to the US to meet demand for electronics and semiconductors.
Although the US imposed 20 per cent tariffs on Vietnamese exports in July, it also threatened 40 per cent tariffs on goods transshipped via Vietnam. Mr Hughes said the threat appears to be deterring transshipment, with no evidence of such activity.
Ms Liu confirmed that Vietnamese exports are not subject to transshipment duties, as production is based locally. She said unless new regulations define transshipment cargo, current exports remain unaffected.
Meanwhile, China-US air cargo volumes continue to decline amid tariff uncertainty. IATA reported a 1 per cent year-on-year drop in July on the Asia-North America corridor, which accounts for 24.4 per cent of global volume.
IATA director general Willie Walsh attributed the fall to the expiry of US de minimis exemptions on small shipments and frontloading ahead of tariff hikes. He said August data will better reflect the impact of shifting US trade policies.
Mr Walsh added that Europe-Asia trade remains strong, with 13.5 per cent year-on-year growth in July marking 29 consecutive months of expansion. Rotate data shows China-Europe air cargo capacity rose by 20,000 tonnes in August to 129,800 tonnes.
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