Release Date: 14 April 2010
Release ID: 4624
Singapore, April 14, 2010: DHL, the world’s leading logistics company, is focused on the growing trade between North Asia Pacific (NAP) and emerging markets Middle East and Africa (EMA). Aided by growth in fast growing exports in Chemicals and Life Science, the airfreight traffic from NAP to EMA is expected to grow at 8.3% per annum and ocean freight by 7.1% per annum by 2015.
DHL Global Forwarding shared the trade lane data at its annual trade lane meeting in Cairo, Egypt where senior business representatives met to discuss emerging bilateral trade trends and opportunities, in particular, focusing on trade between Egypt and North Asia Pacific.
“China is Egypt’s top trading partner in North Asia Pacific. Together, South Korea, Japan and China accounted for some 75-85% of all air and ocean freight volumes from North Asia Pacific to Egypt in 2009,” said Kelvin Leung, CEO, DHL Global Forwarding North Asia Pacific.
“DHL’s strong industry sector approach in life science and chemicals, fashion, automotive and electronics is highly relevant to trade between NAP and Egypt. These sectors account for over 60% of ocean freight exports from Egypt into NAP, and 20% of exports from NAP into Egypt with an industry projected growth of 8.7% per annum till 2015,” said Enver Moretti, CEO, DHL Global Forwarding Emerging Markets Region. “Similarly, the fashion and apparel sector continues to be China’s largest export into Egypt, while the electronics goods sector is projected to grow by more than 12% per annum till 2015.”
Apparel and footwear account for the largest share of airfreight exports between NAP and EMA; followed by engineering and manufacturing. By 2015, apparel and footwear is expected to grow by 6%, engineering and manufacturing 7% and consumer goods by 11%.
Similarly, in ocean freight, exports are expected to grow driven by manufactured goods, life science and chemical, and by engineering and manufacturing commodities. Each sector is expected to grow by 7- 8% by 2015.
DHL is well positioned in core industries in the EMA and Asia Pacific region. The industry leader in the life science and chemicals, fashion and apparel and oil and energy sectors has a well-established network of DHL Competence Centres around the world, each with a dedicated industry sector focus. This includes:
· 16 DHL Life Sciences and Healthcare Competence Centres
· 6 DHL Fashion and Apparel Centres of Excellence
· 8 DHL Oil & Energy Centre of Excellence
“We see opportunities for increased trade between EMA and North Asia Pacific with China, Hong Kong, South Korea and Japan continuing to dominate as the largest exporters and importers for Egypt,” adds Joseph Mishriky, Country Manager of DHL Global Forwarding Egypt.
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