Toyota Announces Sales, Production, and Export Results for November 2022 JCN Newswire

Toyota Announces Sales, Production, and Export Results for November 2022

December 26, 2022
Toyota City, Japan, Dec 26, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for November 2022, as well as the cumulative total from January to November 2022, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.In November 2022, both global sales and production exceeded the previous year's level as a result of solid demand, primarily in North America, in addition to a rebound from the impact of parts supply shortages associated with the spread of COVID-19 in Southeast Asia in the previous year.The situation remains difficult to predict due to semiconductor shortages and COVID-19. However, we will continue to carefully monitor the parts supply situation and minimize sudden decreases in production as much as possible while making every effort to deliver as many vehicles to our customers at the earliest date.For more information, visit https://global.toyota/en/company/profile/production-sales-figures/202211.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
More
HKTDC Export Index 4Q22: Hong Kong exports expected to grow 5% in 2023 ACN Newswire

HKTDC Export Index 4Q22: Hong Kong exports expected to grow 5% in 2023

December 15, 2022
HONG KONG, Dec 15, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) projects that Hong Kong's exports will grow 5% next year - a recovery from the 6% decline this year. HKTDC Director of Research Irina Fan said: "Hong Kong's exports will gradually regain growth momentum amid the receding pandemic, easing of COVID-19 restrictions and resumption of cross-border land transportation."HKTDC Director of Research Irina Fan (R) and Assistant Principal Economist (Greater China) Alice Tsang announced the HKTDC Export Index for the fourth quarter of 2022 and export forecast for 2023 at a press conference today (15 December)HKTDC Director of Research Irina FanHKTDC Assistant Principal Economist (Greater China) Alice TsangThe latest HKTDC Export Index survey shows that significantly more exporters indicated businesses were no longer suffering from pandemic-related problems (up 10.6 percentage points from the previous quarter to 32.7%), with progress made towards resolving the challenge of high transportation costs and logistics bottlenecks.Yet, more respondents said buyers haggled over prices (25.7%, up 9.3 percentage points) and reduced order sizes (40.1%, up 5.0 percentage points). Most respondents said they expected sales next year to decrease (49.4%) or remain on a par with sales this year (28.3%). "Lingering geopolitics, coupled with the risk of global stagflation, has dampened consumer sentiment and business confidence," Ms Fan explained.Recessions risksThe risks of an economic slowdown or recession in major markets (36.2%) and difficulties in cross-border travel (21.1%) have become exporters' key concerns. In response, most said they would develop new products (50.0%), stabilise cash flow (34.6%) and cut costs (30.5%) in the coming year. Other business strategies to be adopted included lowering minimum order quantities, increasing the use of e-commerce for sales and purchases as well as enhancing marketing, promotional or business matching activities."High inflation and high interest rates will weaken purchasing power and consumers' desire in the European and American markets. Meanwhile, the Association of Southeast Asian Nations (ASEAN) has become the bright spot for the city's exports. Local exporters should also pay more attention to the opportunities in the Mainland China market. Product-wise, toys and timepieces related to smart and intellectual property (IP) will have higher chance," Ms Fan said.Sentiment edges downThe HKTDC interviewed some 500 Hong Kong exporters in mid-November for the survey to gauge business confidence about near-term export prospects. Respondents come from six major industries - clothing, electronics, jewellery, machinery, timepieces and toys. Readings above 50 indicate a positive sentiment, while below 50 is negative.The HKTDC Export Index dropped 3.1 points from the previous quarter to 29.7. "The uncertainties led by slowing global demand has affected exporters' sentiments," said HKTDC Assistant Principal Economist (Greater China) Alice Tsang.Machinery, watches outperformMs Tsang added that machinery (38.3, up 3.4 points) was the most upbeat sector, followed by timepieces (36.8, up 3.0 points), while jewellery recorded a sharp fall of 13.4 points to 30.8. Other sectors such as toys (28.9, down 8.1 points) and fashion (23.8, down 7.4 points), also dropped significantly.It is worth nothing that all major markets recorded declines. Exporters have more confidence in Asian countries, with Japan topping the table at 47.2, followed by Mainland China (44.4) and the ASEAN bloc (43.5). They, however, remained less optimistic about the EU (40.4) and the US (40.2) markets, as persistent inflationary pressures and the likelihood of recession were set to hamper demand.Growth in AsiaIn the first 10 months of 2022, Hong Kong's total exports fell 4.4% over the same period last year. This was mainly due to pandemic disruption on cross-border trade flows between Mainland China and Hong Kong. Meanwhile, the city's exports to key major Asian markets saw double-digit growth, as the intra-regional supply chain expanded. For instance, Hong Kong's exports to the ASEAN bloc increased 12.6% year-on-year, while they surged 15.0% and 13.5% to Taiwan and Korea, respectively.However, Hong Kong's exports to the US showed no growth and shipments to the EU fell 2.9% during the same period, as aggressive central bank monetary tightening, high energy and food inflation as well as the lingering Russia-Ukraine conflict dampened consumer and business sentiment.New products, new opportunitiesLooking ahead, it is expected that toys exports will benefit from new 3D live-action games, and other peripheral products derived from film, TV and video games. Household electrical appliance exports will also pick up next year, as many restaurants, hotels and offices resume normal operations.New products, such as robot vacuum cleaners and sound-activated light switches, also appeal to consumers. Moreover, smartwatches with more advanced health and wellness functions, such as electrocardiogram (ECG) sensor and blood oxygen readouts are becoming more popular.To view our press releases in Chinese, please visit http://mediaroom.hktdc.com/tcReferences- HKTDC Research website: http://research.hktdc.com/ - HKTDC Export Index 4Q22: Local Exporter Confidence Falters in Face of Global Economic Slowdown https://bit.ly/3FNwCIz- Covid Legacy and Global Economic Downturn Impact Hong Kong's 2023 Export Outlook https://bit.ly/3FOh7QH- Photo download: https://bit.ly/3FOi7nIAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communication and Public Affairs Department:Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Upcoming Event – Hebei (ASEAN) Export Commodities Online Fair 2022 ACN Newswire

Upcoming Event – Hebei (ASEAN) Export Commodities Online Fair 2022

November 25, 2022
Beijing, China, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - Hebei (ASEAN) Export Commodities Online Fair will be held from 21 Nov.2022 to 30 June 2023 via Global Business Matching Online Platform www.gbmof.com. The Online Fair is hosted by Hebei Provincial Department of Commerce and organized by CMEC International Exhibition Co., Ltd. Hundreds of high-quality Hebei enterprises showcase their products via platform to establish a directly link with the potential buyers from ASEAN who register on the platform and find sales leads for their business. The displaying products are covering the whole category of export products of Hebei Province, such as hardware, building materials, furniture, sanitary ware, transportation equipment and accessories, food and agriculture, consumer products, bio-medicine & medical Devices, etc. Dozens of Hebei enterprises and related industry potential buyers from ASEAN will achieve accurate one on one matchmaking meetings through platform and internet cloud video conference technology.Ms. Pei Shixin, Fist-Level Inspector of Hebei Provincial Department of Commerce delivered a speech for Hebei Export Commodities Online FairAs an economically strong province, Hebei has increasingly closed economic and trade relations with ASEAN. In the first three quarters of 2022, Hebei province's foreign trade with the Association of Southeast Asian Nations gained 32.3 percent year-on-year to approximately 52.9 billion yuan, customs statistics showed. The main commodities that Hebei exports to ASEAN are electro-mechanical products, high-tech products, steel, textile yarns, fabrics and agricultural products, etc. As RCEP takes effect, China-ASEAN trade relations take a new level. Chinese enterprises benefitted a fair deal from membership to the RCEP and the RCEP may boost China's efforts to stabilize foreign trade and investment, promote industrial upgrading, and help the country set up economic and trade rules that are compatible with international standards. High-end demand from overseas markets will also motivate Chinese enterprises to optimize products and services to eventually propel overall industrial upgrades in China. China will spare no effort to roll out measures, including professional online and offline trade matching, to facilitate cooperation with ASEAN.This is the second time that Hebei Provincial Department of Commerce host Hebei (ASEAN) Export Commodities Online Fair to spur trade between Hebei China and ASEAN, in an attempt to minimize the impact of the pandemic on the foreign trade.There are three benefits of attending the online fair:Connect and network with high-quality suppliers and industry potential buyers in real time.Free access to the online fair, but get value.Easy registration and tracking.We hope the event will bring a positive business relationship between Hebei and ASEAN. Anyone who gets ready to join the online fair contact:CMEC International Exhibition Co., Ltd.Email: zhangjq@cmecexpo.comM:0086-15810085600Company: CMEC International Exhibition Co.,Ltd.Contact: Ms. Emera ZhangEmail: zhangjq@cmecexpo.comWebsite: www.gbmof.comTelephone: +8615810085600City: Beijing Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
HKTDC Export Index 3Q22: Exporter confidence continues to improve ACN Newswire

HKTDC Export Index 3Q22: Exporter confidence continues to improve

September 19, 2022
HONG KONG, Sep 19, 2022 - (ACN Newswire via SEAPRWire.com) - The sentiment among Hong Kong exporters continues to improve. The HKTDC Export Index increased a further 1.9 points to 32.8 in the third quarter of 2022, indicating a sustained improvement in confidence in the short-term export performance. However, exporters are facing downward pressure on prices, with the Trade Value Index falling 11.5 points to 40.2.HKTDC Director of Research Irina Fan and Corey To announced the HKTDC Export Index for the third quarter of 2022 at a press conference today (19 September).HKTDC Director of Research Irina Fan told a press conference today that a deteriorating external environment was keeping the recovery slower than hoped. "Weakening demand in major markets dampened by high inflation and aggressive monetary tightening, coupled with rising Sino-US trade tensions and other fallouts from the Russia-Ukraine conflict, also cloud the export outlook," she said.The HKTDC conducts the Export Index survey every quarter, interviewing some 500 Hong Kong exporters from six major industries - machinery, electronics, jewellery, watches and clocks, toys and clothing - to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.Shift in focusMs Fan said more than half of the respondents (52.0%) in the latest exporters' survey view the shortened quarantine requirement in the Mainland China - a seven-day centralised stay plus three days of home confinement - as positive for business. She added that enabling more flexible business travel arrangements (53.8%), the gradual resumption of cross-border commerce and trade (33.0%), and a smoother production flow (31.8%) were cited as the top benefits.While the impacts of the pandemic continue to decline, COVID-19-related issues remain among the top concerns for Hong Kong exporters over the next three months. Most respondents said COVID-19 persistence (40.2%) and border closure (22.6%) are the major impediments to export performance."To help them deal with this changing environment, Hong Kong businesses are tending to shift from being market-focused to more money-focused," Ms Fan said. Developing other product categories (36.9%) and stabilising finances to ensure sufficient cash flow (35.6%) are the most popular business strategies adopted by the survey respondents. Additionally, more of them said they intend to increase unit prices (35.2%, up 18 percentage points).Jewellery, Japan outperformHKTDC Economist Corey To said jewellery was currently the most promising sector with the highest sub-index at 44.2, followed by toys at 37.0. The jewellery sector also showed the largest improvement, with a 9.9-point increase from the previous quarter, while the electronics sector gained 2.3 points to 32.7.Mr To said Asia continues to provide a relatively promising outlook, adding that Japan remains the best performer at 48.4 (up 0.8 points), followed by the Association of Southeast Asian Nations (ASEAN) bloc (46.9, up 3.6 points) and Mainland China (45.8, up 2.7 points).Recovering supply chainsHe said the pandemic impact on businesses tended to be less severe in the third quarter as compared with April-June. "Fewer respondents experienced negative impacts on their business resulting from the pandemic (77.9%, down 1.2 percentage points). Among them, those whose business had been very negatively affected fell 11.8 percentage points to 23.4%."Mr To said rising transportation costs (64.1%) and logistics disruptions (51.8%) remained the key challenges for Hong Kong exporters, though both fell significantly - by 8.5 and 13.4 percentage points respectively - from the previous quarter, reflecting the gradual easing of supply chain issues. "But it is worth noting that more respondents reported communications issues with overseas buyers/suppliers (48.2%, up 26.6 percentage points) and order cancellations (21.2%, up 4.5 percentage points)."References- HKTDC Research website: http://research.hktdc.com/- HKTDC Export Index 3Q22: Gradual Recovery Underway https://bit.ly/3BetyBI- Photo download: https://bit.ly/3Lm8UUVAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communication and Public Affairs Department:Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Toyota Announces Sales, Production, and Export Results for the First Half of 2022 JCN Newswire

Toyota Announces Sales, Production, and Export Results for the First Half of 2022

July 28, 2022
Toyota City, Japan, Jul 28, 2022 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announces its sales, production, and export results for June 2022 as well as the cumulative total from January to June, including those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd.Highlights:In the first half of 2022, both sales and production fell below the previous year's level due to impact from the global spread of COVID-19 as well as semiconductor shortages.However, production outside of Japan exceeded that of the previous year due to increased capacity and production optimization in China and a rebound from a slump caused by the impact of COVID-19 in various countries in the previous year, particularly in Asia.The situation remains difficult to predict due to the impact of semiconductor shortages and the spread of COVID-19, and there is the possibility that there will be a downturn in the production plan. However, we will continue to carefully monitor the supply of parts and minimize sudden decreases in production as much as possible while making every effort to deliver as many vehicles as possible to our customers at the earliest possible date.For the full report, visit https://global.toyota/en/company/profile/production-sales-figures/202206.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
More