- Exports of land vehicles and machinery make the largest
contributions to the country's growth in air trade
- Imports of Industrial Raw Materials and Personal & Household
Goods remain ocean trade's main engines for growth
JAPAN - Media
OutReach - December 3, 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. An early indicator of global trade
developments calculated using Artificial Intelligence and Big Data, the DHL Global Trade Barometer shows that Japan's
growth is expected to remain restrained in the next three months with an index
of 58 points amidst slowing global trade momentum.
Sectors that have seen an increase from the
previous quarter include Basic Raw Materials, Chemicals & Products,
Personal & Household Goods and Temperature or Climate Control. However,
exports of land vehicles and machinery parts are still the biggest contributors
to positive air trade growth, despite a downward trend for both air and ocean
trade in general.
has been a key pillar of Japan's industrial sector for decades and continues to
hold up a crucial share of the export economy," said Charles Kaufmann, President/Representative
Director -- Japan K.K, and CEO, North Asia South Pacific, DHL Global Forwarding. "Employing five million people domestically and worth 50 trillion yen (US$442
billion) in exports alone,
Japan's automotive industry continues to heighten its global competitiveness by
investing in R&D to develop innovative technologies, especially in the area
of autonomous driving.
"The Barometer's indications
of strong Personal & Household Goods imports suggest that domestic
sentiment has retained its recent optimism, with wage growth continuing to prop
up consumer confidence despite the ongoing spectre of global trade disputes.
This combination of relatively strong domestic demand and consistently hardy export
sectors, like automotive, should support at least cautious positivity for
Japan's trade prospects in the near term."
The Barometer's results
also suggest that global trade will continue to grow over the next three months
and that the development of the previous quarters will continue. The pace of
growth, however, will particularly decelerate for Asia except for China.
"The DHL Global Trade Barometer clearly shows
that the state of global trade remains solid. Both air and ocean trade continue
to grow around the world. However, given the smoldering trade conflicts,
especially between the United States and China, and economists' expectations
that the global economy could cool down, it is not entirely surprising that
trade momentum has weakened slightly," said Tim Scharwath, CEO of DHL Global
Indices for all seven countries that constitute the GTB index -- China, Germany, India, Japan, South Korea, the
United Kingdom, and the United States -- are above 50 points. In the Global Trade Barometer
methodology, an index value above 50 indicates positive growth, while values
below 50 indicate contraction.
Launched in January 2018, the DHL Global Trade Barometer is an
innovative and unique early indicator for the current state and future
development of global trade. It is based on large amounts of logistics data
that are evaluated with the help of artificial intelligence. The indicator has
been developed in cooperation between DHL, the world's leading logistics
company, and IT service provider Accenture. It is published four times a year.
The next release date is scheduled for March 27, 2019.
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securely and reliably, enabling global trade flows. With specialized solutions
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