Skip to main content

Export Trend In Asia


The export trend in Asia:

    Overview of Individual Countries

  • China: Chinese exports contracted 2% y/y in November, though imports slumped more. Trade surplus $40.2b, the 4th consecutive record monthly trade surplus as commodity prices falls eroded import growth. Processing trade components have shown the sharpest slowing
  • Japan: Export value was down -7.7% yoy in Oct-08 (biggest drop in 7 years), export volume was down -6.1% yoy. Exports to developed nations are expected to fall further and will likely have a negative impact on Japan's already slowing exports to Asia
  • Singapore: Govt expects exports to contract by 4% in 2008; exports fell 5.7% in Sep (-13.9% in Aug) led by electronics, pharma, semiconductors. non-electronics fell -1.9%; exports to EU fell -23.6% and to U.S. fell -24.5%
  • Taiwan: Exports contracted sharply in November plunging about 20% y/y, driven by a sharp drop in exports to other Asian countries since September. All tech exports declined drop in exports to China was particularly sharp (down 40% y/y)
  • Malaysia: Exports fell 2.6% in Oct led by lower electronic and commodity exports after growing 15% in Sep. Export growth moderated in Q3 but stayed firm at 16.9% (Q208: 20.8%) due to high exports price and sustained demand of resource-based products; global slowdown, easing oil, commodity prices pose risk to commodity exports and current a/c surplus
  • South Korea: Slowing IT, semiconductor exports; export growth led by price not volume gains; oil prices will lead to current a/c deficit this year
  • Hong Kong: volume of domestic exports fell -24.1% in July, re-exports rose 8.8%, volume of total exports rose 7.3%, volume of imports rose 10.9%; exports to U.S. and Japan and also China declining.
  • Thailand: Contribution of net exports to GDP might fall to 13% in 3Q08 from 16% in 2Q08. Export volume might grow 6.2% yoy Q3 from 9% yoy in 1H08
  • Philippines: Jan-Jul trade deficit rose over 200% y/y on oil, rice and steel costs; resilience of non-electronic exports due to price than volume effects; commodity correction pose downside risk to non-electronics primary goods exports
  • Indonesia: Exports fell 11.61% in Oct on declining oil and gas exports (-25.72%) as well as non-oil and gas exports (-8%); exports to China, India helping offset weakness in U.S. In Jan-Oct, exports increased 26.92% y/y. Exports slowed to 14.3% y/y in Q3
  • Vietnam: Export turnover falling on decreasing crude, coal, and rice prices; Weak sales in apparel, coffee, seafood slowed exports to U.S. but exports as a whole increased 39% in Sep (fastest growth since 2005)
  • India: Exports growth declined -12.1% y/y in Oct (first time since 2001) amid US and EU recession after growing 10.4% in Sep and 30.9% in H1-08. Earnings of IT exporting companies hit on U.S. slowdown as U.S. (financial) companies (a/c for 60% of service exports) slow their IT spending
p/s photos: Saki Fukuda

Comments

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.


My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.


I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.


My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.


Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:






























p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far



http://malaysiafinance.blogspot.my/2016/12/bank-negara-may-have-switched-on-bull.html


I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…