Air exports in the automobile, machinery and chemicals industry to sustain growth despite overall trade heading towards deflationBullish ocean import outlook of Basic Raw Materials set to make significant contribution to trade growthTOKYO, JAPAN – Media OutReach – December 10, 2019 – Air exports within the automobile, machinery and chemicals industry will offer some upside to trade growth in Japan for the three-month period ending in January 2020, even as the country’s growth falls into negative territory, 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, predicts that Japan’s trade levels will contract in near term, with the country’s index value decreasing by five points to 48 points — below the no-growth threshold of 50 points on the Index. The negative growth stems primarily from shrinking air trade across industries, though certain core sectors like automobile manufacturing are expected to remain relatively strong and offset the significant decline in other export areas. “Despite a contraction in the forecast for the next three months, Japan’s trade outlook remains relatively robust thanks to the strong… Read full this story
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