Huge growth in exports at Manchester Airport has delivered a huge trade boost for the region as half year cargo figures show export values up £56m.
The year on year increase of 10.5% saw Dubai, Abu Dhabi and Doha the top three performing cargo routes in H1 2016.
Exports at Manchester Airport saw huge growth in exports from businesses across the North of England over the last six months, as its half year cargo figures are released (1st April – 30th September 2016).
Due to capacity constraints in the South East, the amount of cargo Manchester has handled has increased to 58,372 tonnes. In the last six months the trade value of cargo passing through the airport topped £2.86bn. The annual rolling total of tonnage now stands at 109,057 tonnes, an 8.7% increase year on year.
The UK’s third largest airport has seen the value of exports increase by £56m to £1.6bn vs the same period last year. The airport has also seen the number of non EU-countries it has facilitated trade with increase to 172.
Manchester Airport has seen growth to markets like China (+15%), UAE (+19%), Brazil (+76%) and Vietnam (+73%) when compared to 2015.
Ken O’Toole, CEO of Manchester Airport, said: “It has been a very promising half year for cargo exports at Manchester Airport, with double digit growth. With capacity constraints in London we have the opportunity to help drive the UK’s economic and international trade growth here in Manchester as the region cements its position as the Northern Powerhouse.
“Aside from pure cargo carriers, as we continue to grow our leisure destination base, we look to secure and increase freight opportunities through belly-hold cargo in these aircraft.”
Growth to China can be attributed mainly to Hainan Airlines direct service to Beijing, which launched in June this year and flies four times a week to the Chinese capital. Brazil, although served indirectly, can be attributed to the amount of athletes from the North that flew out to Rio for the Olympic and Paralympic games with their equipment.
Top commodities passing through the airport during the last six months include:
- · Pharmaceuticals +24%
- · Chemicals +67%
- · Fashion +22%
- · Edible fruit & nuts +76%
- · Flowers +240%
The top five performing direct routes over the last six months are:
- · Dubai (11,423 tonnes)
- · Abu Dhabi (8,787 tonnes)
- · Doha (7,429 tonnes)
- · Singapore (3,622 tonnes)
- · Hong Kong (3,060 tonnes)
The top five furthest direct cargo destinations over the last six months are:
- · Hong Kong
- · Singapore
- · Cancun
- · Los Angeles
- · Las Vegas
David Brown, Chief Executive of Transport for the North, said: “This is good news. It is clear there is potential for the North to grow its trade with the rest of the world. Central to that, will be improved international connectivity. We are working closely with Manchester Airport, and others, to introduce short and long term transport investment measures to do just that. Our Commission on International Connectivity is due to report its initial findings early in the New Year. A key focus will be how our airports and ports can increase their global reach and benefit from better local connectivity.”
Manchester Airport’s World Freight terminal celebrated 30 years of operation this September. It opened in 1986 and operates a 24/7 service, with more than 60,000 square metres of warehouse and office space.