American Journal of Mobile Systems, Applications and Services
Articles Information
American Journal of Mobile Systems, Applications and Services, Vol.1, No.3, Dec. 2015, Pub. Date: Jan. 9, 2016
Development of an Index to Better Understand Technology Import and Export Trade: Application in Singapore
Pages: 203-207 Views: 960 Downloads: 512
[01] Carol Anne Hargreaves, Institute of Systems Science, Business Analytics, National University of Singapore, Singapore, Singapore.
[02] Marc Dragon, Insycn, Supply Chain Solutions, Singapore, Singapore.
A primary reason for measuring import and export trade indices is to track the impact they have on the economy. Movement in the technology import index can often be an indicator of future technology trends. Objective of this paper: To develop an import & export trade index to accurately classify international trade trends related to technology import & export airfreight volumes in Singapore. Method: The “Expectation Trade Index” was developed from proprietary import & export airfreight trade data and may be used as a strong overall indicator for classifying trade in terms of technology imports and exports to and from Singapore. Despite its huge potential, however, there is no trade index that shows enough credibility to classify international trade in Singapore. We hypothesize that the “Expectation Trade Index” may serve Singapore in a similar way that the Cass Freight Index serves the US and the Import and Export Price Indices serve Singapore. Result: The import and export trade indices indicate at regular time intervals, the likelihood of increased export or import trade for the future time interval based on historical import and export volumes. The results from this study indicate a drop in import and export technology airfreight trade from 2009 to 2012. Hong Kong, China and Thailand are the main countries that Singapore Exports technology to. Singapore is also twice as likely to import technology from China and Hong Kong compared to other countries. Conclusion: The technology “Expectation Trade Index” may be used as a benchmark to easily make trade comparisons by country and/or by year. More importantly, by tracking the “Expectation Trade Index”, export and import trend information will allow government and the technology industry to make proactive decisions based on the direction of the trend.
Import, Export, Technology, Airfreight, Expectation Trade Index, International Trade, Singapore
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