Emerging Markets

Juno Logistics will continue to focus on its target market and area of expertise - China - as it is the # 1 market in world trade and the manufacturing base of many leading companies today.  Juno Logistics will also maintain focus and strengthen our strategic business relationships in other parts of the world with emerging economies in countries that include:

Brazil  

• Industrial production, mainly in communication equipment, office machines and computer equipment, has increased in the robust economy
• Manufactured products have been the key drivers of export growth
• Main destinations of Brazilian exports are the U.S., Argentina and China
• Raw materials and intermediate goods, as well as capital goods, mainly drove import growth
• U.S., China, and Argentina are the main origins of Brazilian imports
• Brazilian motor vehicle production is also on a roll, with both output and export figures at all time highs in May 2006
• Brazilian textile and clothing producers are raising the bar to match national goals of exporting U.S. $4 billion worth of products by 2010, nearly doubling overseas sales in 2005

Czech Republic and Eastern Europe

• One of the most stable and prosperous of states of Central and Eastern Europe
• In the Czech and Slovak Republic, as well as to some extent Hungary and Slovenia, car production exports are booming
• Exports in 2005 were estimated at $78.37 billion f.o.b. with export commodities being machinery and transport equipment 52%, chemicals 5%, raw materials and fuel 9%. Major export partners included Germany 36.2%, Slovakia 8.5%, Austria 6%, Poland 5.3%, UK 4.7%, France 4.6%, Italy 4.3%, Netherlands 4.3%
• 2005 imports were at $76.59 billion f.o.b. with commodities being machinery and transport equipment 46%, raw materials and fuels 15%, chemicals 10%

India

• India's more open trade regime and economic growth remained robust in 2005 and into 2006
• India mainly exports jewels (83% of diamonds sold in the world are cut in India), fabrics, clothes, leather and carpets. It mainly imports oil, machinery, fertilizers, precious stones, chemical products and computer equipment
• Exports in 2005 were estimated at $76.23 billion f.o.b. with export commodities being textile goods, gems and jewelry, engineering goods, chemicals and leather manufactures
• Major export partners included U.S. 17%, UAE 8.8%, China 5.5%, Hong Kong 4.7%, UK 4.5%, Singapore 4.5%
• Imports in 2005 were estimated at $113.1 billion f.o.b. with key import partners being China 6.1%, US 6%, Switzerland 5.2%, Belgium 4.4%

Mexico

• Mexico has a free market economy that recently entered the trillion dollar class
• Trade with the U.S. and Canada has tripled since the implementation of NAFTA; Mexico has 12 free trade agreements with over 40 countries including the European Free Trade Area and Japan, putting more than 90% of trade under free trade agreements
• Mexican assembly plants along the US/Mexican border that manufacture finished goods for export to the USA take advantage of plentiful low-cost Mexican labor, advantageous tariff regulations and close proximity to U.S. markets to produce such items as home appliances and automobiles
• Exports in 2005 were estimated at $213.7 billion f.o.b. with commodities being listed as manufactured goods, oil and oil products, silver, fruits, vegetables, coffee, cotton. Major partners included the US 87.6%, Canada 1.8%, Spain 1.1%
• Imports for 2005 were at $223.7 billion f.o.b. with commodities such as metalworking machines, steel mill products, agricultural machinery, electrical equipment, car parts for assembly, repair parts for motor vehicles, aircraft, and aircraft parts. Import partners in 2005 included US 55.1%, China 7.1%, Japan 5.3%

Saudi Arabia

• Oil production is the lifeline of the Saudi economy, accounting for over 85% of exports
• The Saudi economy is expected to further expand by 4.7% growth in 2006
• Saudi's total exports amounted to US$160.9 billion in 2005. Oil constituted over 85% of the country's total exports. Other major export items, such as petrochemicals and plastics, were oil-related too. Leading export destinations were the U.S., Japan, South Korea, India and China
• Total imports amounted to U.S. $44.9 billion in 2005. Major import items included machinery, transport equipment, foodstuffs, metals, minerals, textiles and clothing. Principal suppliers were the U.S., Japan, Germany, China and the UK
• The Saudi government encourages the development of industrial sectors such as production of chemicals, petrochemicals and plastics
• Also accounting for 10% of the country's GDP, Saudi's manufacturing industries include petrochemicals, cement production, steel, fertilizers, building materials and textile fabrics
• Saudi's industrial development is mainly concentrated in new industrial areas in Jubail and Yanbu, as well as in the cities of Jeddah, Riyadh and Damman
  

Turkey

• Turkey's dynamic economy consists of the largest industrial sector which is textiles and clothing.  Other sectors, notably the automotive and electronics industries, are rising in great importance within Turkey's export mix
• The manufacturing industry accounts for more than 20% of the GDP
• Turkey’s exports in 2005 were an estimated $72.49 billion f.o.b. with export commodities such as apparel, foodstuffs, textiles, metal manufactures, transport equipment. Key export trading partners included Germany 13.9%, UK 8.8%, US 7.7%, Italy 7.3%, France 5.8%, Spain 4.2%
• 2005 imports into Turkey were estimated at $101.2 billion f.o.b. with commodities of machinery, chemicals, semi-finished goods, fuels, transport equipment. Import partners included Germany 12.9%, Russia 9.3%, Italy 7.1%, France 6.4%, US 4.8%, China 4.6%, UK 4.4%

Vietnam

• The Vietnamese economy is enjoying one of the most sustained growth periods in the Asian area
• During 2005, imports grew 15.7% consisting of machinery and equipment imports. Imports of main commodities such as oil products and steel have also increased in 2006
• The rapid increase in garment exports is also reflected on the import side, with fabric imports recording an increase of 34%
• Exports grew by 24% in the first five months of 2006, helped by a recovery in the garments and textile sector with exports to the U.S. experiencing a sharp turnaround compared with last year
• Footwear, the next largest manufacturing export, also witnessed strong growth in early 2006
• Exports in 2005 were estimated at $32.23 billion f.o.b. and commodities included crude oil, coal, marine products, rice, coffee, rubber, tea, garments, shoes. Export partners included US 20.1%, Japan 13.6%, China 9%, Australia 7%, Germany 5.9%, Singapore 4.8%, UK 4.6%
• Imports in 2005 were estimated at $36.88 billion f.o.b. and import commodities included petroleum products, fertilizer, raw cotton, grain, cement, motorcycles. Vietnam’s top import partners include China 13.7%, Taiwan 11.3%, South Korea 10.8%, Japan 10.5%, Singapore 10.5%, Thailand 6.2%, Hong Kong 4%
• Vietnam hopes to become a member of the WTO in 2006.  Accession would allow Vietnam to take advantage of the phase out of the Agreement on Textiles and Clothing, which eliminated quotas on textiles and clothing for WTO partners on 1/1/2005

Other countries with emerging market status that Juno Logistics will continue to focus on include Argentina, Baltic countries, Bulgaria, Chile, Costa Rica, Croatia, Egypt, Hungary, Indonesia, Israel, Jordan, Korea, Malaysia, Morocco, Pakistan, Panama, Peru, Philippines, Poland, Romania, Russia, Slovakia, Slovenia, South Africa, Taiwan, Thailand, Ukraine, Uruguay and Venezuela.

Interested in shipping your commodities to/from a particular country within these emerging markets and don’t know how to get started? Call on the international trade experts at Juno Logistics to set up a consultation and we can create a customized transportation logistics solution for you!

Sources used in this section of the Juno Logistics website include the CIA World Factbook, The Economist and WorldBank