High market freight cost (26 percent) was the other major worry for local air traders.
Hong Kong Air Trade Index continues to be high, Covid big concern
After reaching a 3.5- year high in Q42021, the overall DHL Hong Kong Air Trade Leading Index (DTI), developed by Hong Kong Productivity Council (HKPC) and commissioned by DHL Express (Hong Kong), has come down slightly recently.
"Yet it is still the second highest reading since Q3 2018. A continuous improvement in local air traders' profitability status was seen this quarter. The latest survey marked for the very first time since the Covid-19 outbreak that an equal proportion of local air traders has reported gains and losses in their profitability status."
