Trade growth expected to continue in Japan in Q3 2018

July 04, 2018 - 03:14
Trade growth expected to continue in Japan in Q3 2018

  • Airexport of land vehicles and parts to drive country's air trade growth
  • Machineryand Capital Equipment exports are contributing to the country's ongoingpositivity for businesses

 

TOKYO, JAPAN Media OutReach - 04 July 2018 - Airexports of land vehicles and parts continue to be the main contributor to sustainedtrade growth in Japan, according to data from the DHL Global Trade Barometer released by DHL, theworld's leading logistics company.


 


The DHL Global Trade Barometer, an early indicator ofglobal trade developments calculated using Artificial Intelligence and BigData, shows that Japan's trade growth is expected to increase at a moderate ratewith 67 points in Q3, signaling ongoing positivity for businesses in thecountry.  Air trade is expected to remainhigh at 80 points, with exports of machinery parts appearing well-positionedfor rapid growth, complementing the country's sustained strength in automotiveand capital equipment exports. On air imports, High Technology and LandVehicles & Parts are expected to contribute most to growth expectations.

 

While growth inocean import is expected to slow down in the next three months, an improvedoutlook for ocean exports is expected to mitigate this, bringing overall oceantrade in Japan to 58 points.

 

"Japan's economic maturity, coupledwith world-class strengths in areas like automotive manufacturing, puts it in astrategic position to meet the evolving needs of increasingly affluent Asianconsumers -- including sub-regions with some of the fastest-growing automotivemarkets in the world,[1]"said Charles Kaufmann,President/Representative Director -- Japan K.K, CEO, North Asia, Head of ValueAdded Services -- Asia Pacific, DHL Global Forwarding.


"At the same time, growingoverseas demand is also likely to result in greater exports of othervalue-added products like machinery and parts -- areas where its industriesenjoy a defensible niche thanks to their reputation for precision, quality, andinnovation. In a climate typified by uncertainty in trade terms, Japan'smoderate but consistent economic growth shows little sign of wavering."


The DHL Global Trade Barometer's results also suggest that AsiaPacific is expected to uplift global trade growth in the coming quarter, with optimisticoutlook for India, South Korea and China. Strong growth in ocean freight acrossthe region, coupled with steady or rising air freight traffic in the region'sleading economies, is testament to the Asian economy's growth especially in theareas of technology.

 

Developedjointly by DHL and Accenture, the DHL Global Trade Barometer provides a quarterly outlook on future trade, takinginto 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 theiraggregated data an effective bellwether for near-term predictions on globaltrade. The DHL Global Trade Barometer, which assesses commodities that serve asthe basis for further industrial production, predicts that global trade willcontinue to grow in the next three months, despite slight losses in momentum.

 

DHL -- The logistics company for the world


DHL is the leading global brand in the logistics industry. Our DHL familyof divisions offer an unrivalled portfolio of logistics services ranging fromnational and international parcel delivery, e-commerce shipping and fulfillmentsolutions, international express, road, air and ocean transport to industrialsupply chain management. With about 360,000 employees in more than 220countries and territories worldwide, DHL connects people and businessessecurely and reliably, enabling global trade flows. With specialized solutionsfor growth markets and industries including technology, life sciences andhealthcare, energy, automotive and retail, a proven commitment to corporateresponsibility and an unrivalled presence in developing markets, DHL isdecisively positioned as "The logistics company for the world".


DHL is part ofDeutsche Post DHL Group. The Group generated revenues of more than 60 billioneuros in 2017.



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