- Air exports of Capital Equipment and Machinery, High Technology, and Chemicals and Products show signs of growth
- Both air and ocean trade growth expected to remain flat between June and August 2019
TOKYO, JAPAN – Media OutReach – 8 July 2019 – Japanese trade looks to stagnate in the coming quarter for the first time since 2015, according to data from the DHL Global Trade Barometer (“GTB” or the “Barometer”). The GTB, an early indicator of global trade developments calculated using artificial intelligence and big data, suggests that the downward trend for Japan’s trade growth will accelerate between June and August 2019, dropping seven points to an overall index value of 50.
“Japan’s exposure to both sides of the ongoing US-China trade dispute appears to be taking a rising toll on its own trade outlook, with exports to China alone falling by 10% in May — causing overall exports to drop by nearly 8% as imports experienced a decline after unexpected growth in April,” said Charles Kaufmann, CEO North Asia South Pacific, DHL Global Forwarding and President/Representative Director, DHL Global Forwarding Japan K.K. “Ongoing volatility and uncertainty in global trade conditions, coupled with indirect exposure to the tariffs being wielded in the US-China dispute, have created conditions where Japan’s key manufacturing industries are exercising more caution than ever before.”
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