of land vehicles and machinery to drive country's air trade growth
and machinery imports are contributing to the country's growth expectations
TOKYO, JAPAN - Media OutReach - 8 October 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 64 points in Q4, signaling ongoing positivity for businesses in the
Air trade is
expected to remain high at 79 points, with exports of machinery parts appearing
well-positioned for rapid growth, complementing the country's sustained
strength in automotive exports. On air imports, High Technology and Machinery
Parts are expected to contribute most to growth expectations. While ocean trade
is forecasted to grow at a very slow pace, an expected increase in ocean
exports for Land Vehicles & Parts, Industrial Raw Materials and Basic Raw
Materials is expected to bring the overall ocean trade index to 55 points.
"Japan's moderate but consistent economic growth shows little sign of wavering,
especially in its historic areas of excellence like automotive manufacturing," said
Charles Kaufmann, President/Representative Director --
Japan K.K, and CEO, North Asia South Pacific, DHL Global Forwarding. "The country's economic
maturity puts it in a solid position to meet the evolving needs of increasingly
affluent Asian consumers in the sub-region, while also catering to global
demand for value-added products like high technology, machinery and parts -- areas
where Japan excels with its reputation for precision, quality and innovation."
The Barometer's results
also suggest that despite intensifying global trade disputes, mainly
between China and the US, world trade is expected to grow
over the next three months albeit at a slower pace. The growth outlook looks
positive for all Asia Pacific countries with India leading the ranks, along
with optimistic outlooks for South Korea, China, and Japan. This is testament
to the Asian economy's growth, especially in the areas of technology and
manufacturing. In the Global Trade Barometer methodology, an index value above
50 indicates positive growth, while values below 50 indicate contraction.
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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of divisions offer an unrivalled portfolio of logistics services ranging from
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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.