South Asia Pacific trade with Turkey robust

FREIGHT    TRADE

Asia - Singapore, Thailand, Malaysia and India are the key countries behind South Asia Pacific and Turkey's rapid growth in trade volumes last year, says a recent DHL study.

According to DHL's freight forwarding division, airfreight from Turkey to Singapore registered a phenomenal 300% growth in volumes, while Thailand to Turkey registered strong growth at over 100%.

Both Malaysia and Thailand's ocean freight to Turkey marked a 110% spike in volumes.

The logistics company envisions opportunities in increased trade between EMA (Middle East and Africa) and South Asia Pacific.

"In the airfreight market, trade between EMA and India, Malaysia and Thailand will continue to dominate the airfreight market and account for over 60 % of total trade volumes by 2015," said Amadou Diallo, CEO of DHL's Global Forwarding South Asia Pacific.

"By 2015, airfreight is also expected to grow by over 6% per annum for both imports and exports driven by trade in engineering goods, chemicals and life sciences, and manufactured goods."

In the ocean freight sector, DHL expects exports and imports to grow 5.8% and 6.3% per annum respectively by 2015, driven by trade in manufactured goods, chemicals and life sciences, and refrigerated food.

Indonesia, India and Pakistan are the largest exporters and importers, accounting for over 50% of ocean freight volumes between South Asia Pacific and EMA.

"Opportunities for increased trade between EMA and South Asia Pacific bodes well for Turkey," said Enver Moretti, CEO for DHL Global Forwarding Emerging Markets Region.

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