export of land vehicles and parts to drive country's air trade growth
and Capital Equipment exports are contributing to the country's ongoing
positivity for businesses
TOKYO, JAPAN - Media OutReach - 04 July 2018 - Air
exports of land vehicles and parts continue to be the main contributor to sustained
trade growth in Japan, 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, shows that Japan's trade growth is expected to increase at a moderate rate
with 67 points in Q3, signaling ongoing positivity for businesses in the
country. Air trade is expected to remain
high at 80 points, with exports of machinery parts appearing well-positioned
for rapid growth, complementing the country's sustained strength in automotive
and capital equipment exports. On air imports, High Technology and Land
Vehicles & Parts are expected to contribute most to growth expectations.
While growth in
ocean import is expected to slow down in the next three months, an improved
outlook for ocean exports is expected to mitigate this, bringing overall ocean
trade in Japan to 58 points.
"Japan's economic maturity, coupled
with world-class strengths in areas like automotive manufacturing, puts it in a
strategic position to meet the evolving needs of increasingly affluent Asian
consumers -- including sub-regions with some of the fastest-growing automotive
markets in the world,"
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, growing
overseas demand is also likely to result in greater exports of other
value-added products like machinery and parts -- areas where its industries
enjoy a defensible niche thanks to their reputation for precision, quality, and
innovation. In a climate typified by uncertainty in trade terms, Japan's
moderate but consistent economic growth shows little sign of wavering."
The DHL Global Trade Barometer's results also suggest that Asia
Pacific is expected to uplift global trade growth in the coming quarter, with optimistic
outlook for India, South Korea and China. Strong growth in ocean freight across
the region, coupled with steady or rising air freight traffic in the region's
leading economies, is testament to the Asian economy's growth especially in the
areas of technology.
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.
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responsibility and an unrivalled presence in developing markets, DHL is
decisively positioned as "The logistics company for the world".
DHL is part of
Deutsche Post DHL Group. The Group generated revenues of more than 60 billion
euros in 2017.