ANA Holdings says the amount of air cargo shipped from Japan to China from January to March was down 24 percent from the same period last year.
ANA Holdings President and CEO Shinya Katanozaka made the announcement at a news conference on Wednesday.
He said semiconductor products accounted for most of the decline.
Katanozaka said the US-China trade dispute is starting to affect air cargo. He stressed the need to keep a close eye on how the dispute turns out, UK’s departure from the European Union and crude oil prices.