Brazil, Colombia, and Mexico lead air cargo growth in Latin America; 346,930 tons transported in March

Air cargo traffic across Latin America and the Caribbean experienced a robust 4.2% year-on-year growth in March, transporting a total of 346,930 tons. This positive trend surpasses the growth rates observed in January and February, indicating a strengthening of the region's air freight sector, according to data from the Latin American and Caribbean Air Transport Association (ALTA).

Brazil, Colombia, and Mexico emerged as the leading markets driving this expansion. Brazil handled the largest volume with 79,274 tons, albeit with a modest 0.9% growth. Colombia followed closely with 69,782 tons and a more significant 6.2% increase, while Mexico transported 57,418 tons with a 0.4% growth. Notably, the corridor between Colombia and the Netherlands saw an impressive 59% increase, and Colombia's trade with Peru also grew by 31%, showcasing diversified trade routes beyond the dominant US market.

The United States continues to be the linchpin of air cargo for the region, serving as both the main origin and destination. The market connecting the US with Latin America and the Caribbean saw a 2.2% increase in March, largely propelled by the Argentina-US trade lane. From our perspective at El Universal, while the overall growth is encouraging, the reliance on the US market remains a key characteristic. The performance of Mexico's air cargo, particularly the 4.7% growth in the Mexico-US corridor after a February dip, highlights the dynamic nature of trade relations. The data suggests a resilient sector, adapting to global economic shifts and strengthening regional connectivity, though diversification remains an area for continued focus.