- Exportsof land vehicles and machinery to drive country's air trade growth
- Technologyand machinery imports are contributing to the country's growth expectations
TOKYO, JAPAN - Media OutReach - 8 October 2018 - Air exports of landvehicles and parts continue to be the main contributor to sustained tradegrowth 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 64 points in Q4, signaling ongoing positivity for businesses in thecountry.
Air trade isexpected to remain high at 79 points, with exports of machinery parts appearingwell-positioned for rapid growth, complementing the country's sustainedstrength in automotive exports. On air imports, High Technology and MachineryParts are expected to contribute most to growth expectations. While ocean tradeis forecasted to grow at a very slow pace, an expected increase in oceanexports for Land Vehicles & Parts, Industrial Raw Materials and Basic RawMaterials 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," saidCharles Kaufmann, President/Representative Director --Japan K.K, and CEO, North Asia South Pacific, DHL Global Forwarding. "The country's economicmaturity puts it in a solid position to meet the evolving needs of increasinglyaffluent Asian consumers in the sub-region, while also catering to globaldemand for value-added products like high technology, machinery and parts -- areaswhere Japan excels with its reputation for precision, quality and innovation."
The Barometer's resultsalso suggest that despite intensifying global trade disputes, mainlybetween China and the US, world trade is expected to growover the next three months albeit at a slower pace. The growth outlook lookspositive for all Asia Pacific countries with India leading the ranks, alongwith optimistic outlooks for South Korea, China, and Japan. This is testamentto the Asian economy's growth, especially in the areas of technology andmanufacturing. In the Global Trade Barometer methodology, an index value above50 indicates positive growth, while values below 50 indicate contraction.
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.
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