Logistics giant DHL will be focusing on the growing trade between North Asia Pacific (NAP) and emerging markets Middle East and Africa (MEA).
It expects airfreight traffic from NAP to EMA is expected to grow yearly at 8.3% and Ocean freight by 7.1%, by 2015, on the back of fast growing exports in chemicals and life science, according to TradeArabia.com.
Quoting Enver Moretti, CEO of DHL Global Forwarding Emerging Markets Region, the report says the life science and chemicals, fashion, automotive and electronics 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 annual growth of 8.7% till 2015.
In Asia Pacific, China is Egypt’s top trading partner. South Korea, Japan and China account for 75-85% of all air and ocean freight volumes from North Asia Pacific to Egypt in 2009, the report adds, quoting Kelvin Leung, CEO of DHL Global Forwarding North Asia Pacific.
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 cent every year till 2015.
Apparel and footwear account for the largest share of airfreight exports between NAP and EMA; followed by engineering and manufacturing.
According to the report, in ocean freight, exports are expected to grow driven by manufactured goods, chemicals & life sciences, and by engineering and manufacturing commodities. Each sector is expected to grow by 7-8% by 2015.