DHL foresees rising demand for north Asia-Mideast trade

DHL has announced it will focus efforts on the growing trade between north Asia Pacific and emerging markets in Middle East and Africa, which, at present, was experiencing rapid growth in chemicals and life science exports.

Airfreight traffic between the two regions is expected to grow by 8.3 per cent per annum till 2015, while ocean freight is set to rise by 7.1 per cent a year, the company said.

DHL shared the trade lane data at its annual trade lane meeting in Cairo, where senior business representatives met to discuss emerging bilateral trade trends and opportunities, focusing in particular on trade between Egypt and north Asia Pacific region.

Exports from China, Egypt's top trading partner in North Asia Pacific, accounted for a largest portion of the expected increase. Sino exports in 2009, together with exports from South Korea and Japan accounted for some 75 to 85 per cent of all air and ocean freight from North Asia Pacific to Egypt in 2009.

Among China's Egypt shipments, fashion and apparel goods largely dominated, while electronics goods are projected to grow by more than 12 per cent annually until 2015.

Apparel and footwear account for the largest share of airfreight exports between NAP and EMA; followed by engineering and manufacturing, with the former expected to grow six per cent, and the latter by seven per cent as of 2015. Consumer goods air cargo was expected to rise 11 per cent over five years.

As for ocean freight, export growth is expected to be driven by manufactured, life science, and chemical goods, as well as engineering and manufacturing commodities, with each sector expected to grow between seven to eight per cent by 2015.

"We see opportunities for increased trade between the Mideast and north Asia Pacific with China, Hong Kong, South Korea and Japan continuing to dominate as the largest exporters and importers for Egypt," said Joseph Mishriky, country manager of DHL Global Forwarding Egypt.
 
Source: www.schednet.com