The 2015 Castrol Global Trade Barometer highlights the countries that are ‘Placed to Win’ in the global trade race
Castrol lubricants are in everything that is 'Mined, Made and Moved'. Our global reach in the automotive, marine, natural products, aerospace and industrial sectors means that we have a unique view of world trade. The Castrol Global Trade Barometer (CGTB) is the latest in our series of reports tracking the performance and outlook of global trade based on a rolling, five-year forecast of future trade patterns. We’ve found that some of the fastest-growing nations are on the rise thanks to one very important natural advantage: geography. These nations are ‘Placed to Win’ and taking advantage of their prime locations close to large economies with strong demand for what they produce.
Take a look at who’s placed to win
“China is now challenging Japan to become the world’s third largest automotive trader, with forecast annualised growth of 10.05% over the next five years”
The Castrol Automotive Trade Barometer is no exception. Emerging nations, such as Mexico, are staking their place in the global trade race. Mexico’s success is down to its strategic position within an emerging Latin American regional supply chain. With free-trade agreements with 44 countries, Mexico is a crucial export base for automakers from Europe, China, Japan and the US. Mexico’s boom in manufacturing has also been aided by its proximity to the US, low production costs and skilled workforce. It is now the world’s fourth biggest automotive exporter.
More broadly, the Castrol Automotive Barometer highlights significant change among the top flight of automotive traders. Though Germany, the US and Japan hold on to the top three spots, the rest of the top ten looks very different as many European nations have slipped out of the list. Meanwhile, China is now challenging Japan to become the world’s third largest automotive trader, with forecast annualised growth of 10.05% over the next five years – only Indonesia is growing at a faster rate.
But how are these nations performing in other industries? Please visit our Mined Made Moved hub where you can download the Castrol Global Trade Barometer, trend summaries, visuals, and more, to get the big picture view of global trade and growth opportunities.