New York area airports poised for growth

Asia and the Middle East represent important business for Port Authority of New York & New Jersey (PANYNJ) area airports with Asia alone, representing 48 per cent of its airport’s traffic and the Middle East ringing in with around nine per cent.

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In terms of total traffic, both regions performed similarly during the economic downturn, both with overall negative growth (-28.8 per cent for Asia; -27.8 per cent for the Middle East.) The large-sized Asian market represented 321,000 tonnes for the January through August 2009 yearto- date period while the Middle East represented 62,000 tonnes. For the same YTD period, imports from Asia were down -29.2 per cent (185,000 tonnes) while imports from the Middle East weredown -39.1 per cent (23,000 tonnes).

“Things were somewhat brighter on the export side to the Middle East,” reports Michael. J. Bednarz, manager Air Cargo Business Development, PANYNJ Aviation Department. Although Asian exports were down -28.3 per cent (136,000 tonnes), Middle East exports were only down -18.8 per cent (39,000 tonnes).

Tonnage from India is faring well. Out of the New York Customs District’s top ten trade partners from Asia, India has performed the best in terms of total traffic growth for the January to August 2009 year-to-date period. “This especially holds true for imports where India has climbed to our number five top import trade partner,” says Bednarz.

Exports to Asia continue to be driven by the machinery, electrical machinery, medical and optical instruments, and pharmaceutical products. “We’ve also seen a lot of aircraft related commodities moving, especially helicopters,” comments Bednarz.