Providing an in-depth analysis of key global trade trends, the report presents a bullish outlook— highlighting Asia’s continued trade strength in line with a global forecast that predicts growth over the next five years than in the previous decade.
Among the Asian countries that are expected to ride this wave are India, Vietnam, Indonesia and the Philippines, where particularly strong growth is expected. Additionally, both South Asia and Southeast Asia are projected to outperform other regions in terms of trade growth.
Ken Lee, CEO - Asia Pacific, DHL Express, said in a statement: "As we look toward the future of trade in Asia, it's clear how trade growth has proven surprisingly resilient in the face of recent disruptions. With the ongoing diversification of supply chains that continues to reshape the commerce landscape, Asia has steadfastly emerged as a key player in the global market."
Leaders in trade growth
From 2024 to 2029, India, Vietnam, Indonesia, and the Philippines are projected to rank among the top 30 countries in both trade growth rate and volume.
With India expected to deliver 6 percent of global trade growth —behind only China (12 percent) and the United States (10 percent)— the outlook for Vietnam, Indonesia and the Philippines is equally promising, as all three have shown strong potential from supplychain shifts and diversification strategies.
Vietnam is projected to grow its trade volume by 6.5 percent annually from 2024-2029, moving to fifth in overall scale. Indonesia will remain 12th in scale while improving its speed ranking from 33rd to 25th. The Philippines is set for a remarkable leap— jumping 114 spots to 15th in speed and climbing from 68th to 30th in scale.
South Asia and ASEAN
The DHL Trade Atlas 202 also highlights a shift in global trade dynamics, with Asia gaining prominence. Between 2000 and 2024, South & Central Asia's trade share grew from 2 percent to 5 percent, while Europe's declined from 41 percent to 36 percent.
Still, challenges remain, noted Lee, who emphasized the need for agility and innovation.
"We must approach this promising outlook with a measured perspective, recognizing the uncertainties and volatility that continue to characterize the global business environment. As businesses diversify supply chains, it is essential they stay innovative in their strategy and proactive in seeking out new routes to growth, he says."
The DHL Trade Atlas 2025
The DHL Trade Atlas 2025, by Steven A. Altman and Caroline R. Bastian offers data-driven insights on global trade, serving as a key resource for leaders, policymakers, educators, and the public.
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