• Follow Us On : 

South Korean Trade Outlook Remains Stable Despite Short-Term Trade Volatility


Redaksi | Selasa,09 April 2019 - 01:36:53 WIB
Dibaca: 100 kali 
South Korean Trade Outlook Remains Stable Despite Short-Term Trade Volatility
  • Ocean trade surpasses air trade for Basic Raw Materials and Chemical Products
  • The country with the highest growth prospect in 2018 will build on domestic demand and materials exports to sustain trade over the next quarter

KOREA - 8 April 2019 - South Korea's ocean trade is set to surpass its air trade over the next three months, keeping the country's trade volumes stable amidst short-term volatility, 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, revealed that South Korea's trade outlook is set to decelerate to 49 points, below the threshold of 50 which indicates growth. Air imports, however, will be sustained by domestic demand for Machinery Parts and Temperature or Climate Controlled Goods, while air exports will maintain a strong foundation thanks to overseas demand for Basic Raw Materials. The outlook is more positive for ocean shipments, where trade in Basic Raw Materials remains robust while imports of Personal & Household Goods are forecasted to flourish.

"With semiconductor prices falling and South Korea's GDP growth steadying to 2.5% this year,[1] the results of this quarter's index are not unexpected," said SP Song, Managing Director, DHL Global Forwarding Korea. "However, losses in semiconductor and components manufacturing have been offset by gains in industries like game makers, cosmetics firms, and retailers, with South Korean stocks recently rebounding amidst lingering growth concerns.[2] This suggests that pessimism surrounding the country's economic situation may have prematurely assumed the worst, with the macro factors dampening South Korea's trade balances also unlikely to extend beyond the short term."

The Barometer's results also suggest that global trade growth looks set to slow down over the next three months, signaling only a slight growth. However, the top three nations with the highest indexes are all in Asia, namely India, Japan, and China. Indices for all seven countries that constitute the Global Trade Barometer index -- including the US, UK and Germany -- are above 50 points except for South Korea. 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. In order to make this valuable data accessible for academic research and to increase the macroeconomic significance of the indicator, DHL recently entered into research cooperation with Eswar S. Prasad, Professor of Trade Policy and Economics at Cornell University in Ithaca, NY, USA. The indicator is published four times a year and the next release date is scheduled for June 2019.


Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
TULIS KOMENTAR
BERITA TERKAIT
Kamis,11 Oktober 2018 - 22:50:51 WIB

Southco Is First Access Hardware Component Supplier To Earn Ul Recognition Certification FTTA2/ FTTA8

CHINA - Media OutReach - October 11, 2018 - Southco Asia Ltd., a subsidiary

Kamis,21 Februari 2019 - 22:48:50 WIB

Allianz Risk Barometer 2019: Business Interruption and Cyber Still Top Risks Amongst South Korea Companies

8th annual survey on top business risks sees record participation of 2,415 experts from 86 co

Jumat,26 Oktober 2018 - 02:52:10 WIB

Pacific Fertility Institutes Launches First Southeast Asian Branch in Singapore to Capture Growing Demand for Assisted Reproductive Services

Upward trend of couples embracing different methods of assisted reproduction as more couples start

Jumat,22 Maret 2019 - 22:11:13 WIB

New Counterbalance Hinge from Southco Allows Safe Operation of Heavy Panels and Lids

CHINA - 22 March 2019 - Southco Asia Ltd., a subsidiary of Southco Inc., a

Jumat,15 Februari 2019 - 04:09:47 WIB

DHL Global Connectedness Index: Southeast Asian Nations Beat Expectations as Globalization Hits New Record High

Of the five countries to exceed expectations in international flows by the widest margin, four com

Jumat,08 Maret 2019 - 01:59:40 WIB

P2P Lending Platform Validus Capital Raises Over S$20 Million to Boost SME Growth in Southeast Asia.

SINGAPORE - 8 March 2019 - Validus Capital (Validus), Singapore's leadi

BERITA LAINNYA
Minggu,21 April 2019 - 19:20:56 WIB

Shakticoin Opens Mining Registration Globally

CALIFORNIA - 21 April 2019 - The Swiss Shakti Foundation has opened mining registrati

Jumat,19 April 2019 - 19:16:50 WIB

Club Med Launches Super Brand Day With Fliggy To Highlight Transformative Holidays

Enjoy Premium All-Inclusive Holiday at Club Med, Bring Home More Than Just Memories CHINA -&nb

Jumat,19 April 2019 - 19:13:47 WIB

Iron Lady Cheryl Tay to Represent Singapore at Volvic® Volcanic Experience Challenge

SINGAPORE - 18 April 2019 - On the 31st of May this year, local Ironman triathle

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI