- DHL
Global Trade Barometer forecasts accelerating trade growth for Asia’s four largest
economies - India’s
trade growth remains the highest for the second quarter in a row - Air
and ocean freight volumes expected to rise, supporting the economic development
of South Korea, Japan, China and India
TOKYO, JAPAN – Media OutReach – 13 April 2018 – cific region’s booming economy looks set to power global trade growth in the
coming quarter, according to data from the DHL Global Trade Barometer released
by DHL, the world’s leading logistics company. The DHL Global Trade Barometer,
an early indicator of global trade developments calculated using Artificial
Intelligence and Big Data, predicts an overall positive outlook for all four of
Asia’s largest economies.
The
Barometer’s results suggest that South Korea and Japan are on track for
significant acceleration in trade growth, even as India and China maintain some
of the highest growth rates amongst the world’s largest economies. Strong
growth in ocean freight across Asia Pacific, coupled with steady or rising air
freight traffic in the region’s bellwether economies, appear to be driven
largely by rising trade in industrial raw materials, capital equipment, and
machinery — potentially foreshadowing an extended period of development for
Asian infrastructure, manufacturing, and domestic consumption.
“Asia’s
economies are clambering towards new levels of growth not seen in recent
times,” said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific. “The DHL
Global Trade Barometer’s latest findings highlight that Asia’s trade
fundamentals — and indeed those of its biggest trade partners — remain robust
enough to warrant optimism in the near-term, particularly those industries
directly involved with manufacturing and production for the region’s burgeoning
consumer base.”
Japan’s
trade growth is expected to increase at a moderate rate, signaling ongoing positivity
for businesses in the country. The country’s highest-growth sectors include
land vehicles and parts as well as machinery, set to drive up volumes in
Japanese ocean and air exports in the coming quarter. “Japan’s economic
maturity, coupled with world-class strengths in areas like automotive
manufacturing, puts it in a position of strength to meet the evolving needs of
increasingly affluent Asian consumers — including sub-regions with some of the
fastest-growing automotive markets in the world[1],”
said Charles Kaufmann, President/Representative Director — Japan K.K, CEO,
North Asia, Head of Value Added Services — Asia Pacific, DHL Global Forwarding.
“At the same time, Japan’s appetite for overseas goods — including both
industrial raw materials and consumer fashion as its biggest import drivers —
makes maintaining strong two-way trade with its Asian neighbours an
increasingly important economic and strategic priority.”
“Overall,
the DHL Global Trade Barometer’s latest results reveal that economic growth and
connectivity have maintained a strong upward trajectory despite any global
uncertainty around free trade,” added Leung. “It also emphasizes just how
interconnected Asia’s economies are to the rest of the world. For the region’s
growth to continue, its logistics and freight infrastructure must not only
provide reliability under all conditions, but also cater to an increasingly
diverse range of industries with fluctuating levels of growth.”
Developed
jointly by DHL and Accenture, the DHL Global Trade Barometer provides a
quarterly outlook on future trade, taking into consideration the import and
export data of seven large economies: China, South Korea, Germany, India,
Japan, the United Kingdom, and the United States. Together, these countries
account for 75 percent of world trade, making their aggregated data an
effective bellwether for near-term predictions on global trade. The DHL Global
Trade Barometer, which assesses commodities that serve as the basis for further
industrial production, predicts that global trade will continue to grow in the
next three months, despite slight losses in momentum.
Full
Report: http://release.media-outreach.com/i/12056
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