|
|
|
|
|
|
- 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 |
SHANGHAI, July 4, 2018 - (Media OutReach) - 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.[1] 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 innovative products."
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.
Media Contact:
DHL Asia Pacific & EEMEA
Corporate Communications and Responsibility
Belinda Tan
Tel: +65 6771 3332
Fax: +65 6771 3322
Email: apeemeamediarelations@dhl.com
[1] https://reut.rs/2u4QctJ
Topic: Press release summary
Source: Deutsche Post DHL Group
Sectors: Transport & Logistics
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| Deutsche Post DHL Group |
| Aug 29, 2018 10:20 HKT/SGT |
|
DHL eCommerce goes green in Malaysia and Vietnam |
| Aug 22, 2018 12:20 HKT/SGT |
|
DHL eCommerce and Kasemchaifood hatches new plan to deliver farm fresh eggs direct to consumers within 24 hours |
| Aug 20, 2018 17:00 HKT/SGT |
|
DHL Global Forwarding makes key appointments in Bahrain, Kuwait and Morocco |
| Aug 15, 2018 14:30 HKT/SGT |
|
DHL eCommerce Integrated on Shopee, Offering Malaysians Next-Day Delivery Service |
| Aug 8, 2018 17:40 HKT/SGT |
|
DHL Global Forwarding announces key leadership appointments in Oman, Qatar and Egypt |
| Aug 6, 2018 18:00 HKT/SGT |
|
Deutsche Post DHL Group and the United Nations Development Programme scale up airport disaster preparedness training in India |
| Aug 6, 2018 15:30 HKT/SGT |
|
Disadvantaged schoolchildren get boost from DHL Express |
| Aug 5, 2018 17:00 HKT/SGT |
|
Hokkaido's endangered bears keep their cool with DHL en route to Yorkshire Wildlife Park |
| Aug 2, 2018 11:30 HKT/SGT |
|
DHL Global Forwarding launches dedicated "cold chain" warehouse to support Indonesia's expanding life sciences industry |
| July 17, 2018 11:00 HKT/SGT |
|
Bunzl chooses DHL Global Forwarding to keep essentials flowing to Australia and New Zealand |
| More news >> |
 |
|
|
|
