- Trade growth
mainly due to strong air and ocean trade
- Key growth
sectors include Land Vehicles & Parts, Temperature Control, Capital
Equipment & Machinery as well as Chemicals & Products
Media OutReach - 04 July 2018 - China's strong air and
ocean trade will drive the country's overall trade growth once again in the
coming quarter, according to data from the DHL Global Trade Barometer released by DHL, the
world's leading logistics company. The country's overall index has increased to
63 points, from 61 points in the last quarter.
The DHL Global Trade Barometer, an early indicator of
global trade developments calculated using Artificial Intelligence and Big
Data, shows that air imports are expected to be driven by Temperature or
Climate Controlled Goods, Basic Raw Materials, Machinery Parts and Capital
Equipment while air exports are buoyed by trade in Machinery Parts and Consumer
Fashion Goods. Ocean trade growth is predicted to reach 58 points, with
Personal & Household Goods continuing to dominate on the export front.
"We're beginning to see the effects of China's economic
transition towards more value-added industries like technology and automotive
production, even as trade continues for raw materials necessary to their
manufacture," said Steve Huang, CEO, DHL Global Forwarding Greater China.
"China's status as a technology innovator in its own right is continuing to gain momentum,
powering its export growth for the second half of the year. The domestic
appetite for consumer technology also continues to fuel trade for the country,
with integrated circuit imports accounting for nearly 15 percent of imports in
the first four months of 2018.
Despite potential softening in some industries, we expect China's growth to
remain stable as it pursues new trade opportunities along the Belt and Road
while continuing to invest heavily in local manufacturing of increasingly
The DHL Global Trade
Barometer's results also
suggest that Asia Pacific is expected to uplift global trade growth in the
coming quarter, mainly driven by optimistic outlook for China, India and South
Korea. Additionally, Japan continues to maintain relatively high rankings on
the index with promising forecast for the coming months. Strong growth in ocean
freight across Asia Pacific, 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.
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.
DHL -- The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL family
of divisions offer an unrivalled portfolio of logistics services ranging from
national and international parcel delivery, e-commerce shipping and fulfillment
solutions, international express, road, air and ocean transport to industrial
supply chain management. With about 360,000 employees in more than 220
countries and territories worldwide, DHL connects people and businesses
securely and reliably, enabling global trade flows. With specialized solutions
for growth markets and industries including technology, life sciences and
healthcare, energy, automotive and retail, a proven commitment to corporate
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.