Media OutReach
Asia trade set for continued growth despite challenging global business environment, reveals DHL Trade Atlas 2025
- India, Vietnam, Indonesia, and the Philippines are forecast to lead in both speed and scale of trade growth from 2024 to 2029
- South Asia and Southeast Asia regions set to achieve fastest trade volume growth from 2024 to 2029
- Asia remains central to global production networks, as the region benefits from supply chain diversification strategies
- Global trade recovered in 2024 and is forecast to grow faster over the next five years than during the preceding
SINGAPORE – Media OutReach Newswire – 14 March 2025 – DHL and the New York University Stern School of Business have released the latest DHL Trade Atlas 2025, providing a comprehensive analysis of the most important trends in global trade. The report reveals that Asia’s trade outlook remains positive, mirroring global trade, which is forecast to grow faster over the next five years compared to the preceding decade. In fact, a few countries in Asia – India, Vietnam, Indonesia and the Philippines – are expected to see especially strong growth. The South Asia as well as Southeast Asia regions are also set to outperform other regions in terms of trade growth.
“As we look towards 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,” said Ken Lee, CEO – Asia Pacific, DHL Express. “However, 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.”
New leaders in trade growth: India, Vietnam, Indonesia, and the Philippines
Between 2024 and 2029, four countries in Asia are forecast to rank among the top 30 for both speed (growth rate) and scale (absolute amount) of trade growth: India, Vietnam, Indonesia, and the Philippines.
In the next five years, India is anticipated to retain its third-place rank on the scale dimension as well as jump 15 spots to the 17th position on the speed dimension as its compound annual trade volume growth rate rises from 5.2% to 7.2%. Additionally, India may also deliver 6% of the world’s trade growth, behind China (12%) and the United States (10%).
The prospects of Vietnam, Indonesia and the Philippines are bright as they have displayed substantial potential to benefit from supply chain shifts and diversification strategies. Vietnam is expected to maintain a 6.5% compound annual trade volume growth rate over the 2024-2029 period and promote one position to rank fifth on the scale dimension. Indonesia is predicted to retain its 12th place on the scale rankings, while rising from 33rd to 25th in the speed rankings. More notably, the Philippines is set to leap 114 positions to rank 15th on the speed dimension, and rise from 68th to 30th on the scale dimension.
South Asia and ASEAN to produce faster growth rates than other regions
South Asia and the ASEAN regions are forecasted to deliver the fastest trade volume growth among major world regions from 2024 to 2029 with CAGR of 5.6% and 5.0%, respectively. In fact, trade growth is also expected to accelerate substantially compared to the previous five-year period in these regions. Other regions such as North America and Europe are forecast to grow at rates of 2.7%.
The DHL Trade Atlas also finds that the center of gravity of world trade has shifted. The shares of trade conducted by the world’s major geographic regions has changed since 2000, with the most dramatic change observed in Asian economies. Between 2000 and 2024, the share of world trade borne by South & Central Asia rose from 2% to 5%. However, a major region like Europe saw its share of world trade decrease from 41% to 36% for the same period.
New record in long-distance trade as Asia becomes central to global production networks
Despite widespread interest in nearshoring and producing goods closer to customers, the DHL Trade Atlas 2025 demonstrates that trade has not become more regionalized overall. Actual trade flows indicate the opposite trend. In the first nine months of 2024, the average distance traversed for all traded goods reached a record 5,000 kilometers, compared to just over 4,500 kilometers in 2000. This development can be attributed to the fact that Europe and North America have increasingly traded with Asia, as “Factory Asia” becomes central to global production networks.
Faster global trade growth compared to the previous decade
Recent forecasts predict goods trade will grow at a compound annual rate of 3.1% from 2024 to 2029. This roughly aligns with GDP growth and represents modestly faster trade growth compared to the previous decade. Even if the new U.S. administration implements all of its proposed tariff increases and other countries retaliate, global trade is still expected to grow over the next five years – but at a much slower pace.
“While threats to the global trading system must be taken seriously, global trade has shown great resilience because of the large benefits that it delivers for economies and societies,” said Steven A. Altman, Senior Research Scholar and Director of the DHL Initiative on Globalization at NYU Stern’s Center for the Future of Management. “While the U.S. could pull back from trade – at a significant cost – other countries are not likely to follow the U.S. down that path because smaller countries would suffer even more in a global retreat from trade.”
The DHL Trade Atlas 2025
The DHL Trade Atlas 2025 features a wealth of data-driven insights and analysis on global trade and its prospects. It is an up-to-date resource for business leaders, policymakers, educators, students, media, and the interested public. It includes concise one-page profiles summarizing the trade patterns of nearly 200 countries and territories that comprise over 99% of world trade, GDP, and population.
The free interactive content available at dhl.com/tradeatlas is a new feature of the report. The website enables users to customize analyses and explore trade trends by specific countries, regions, and categories of goods. Additionally, it offers convenient options for downloading data and images.
The report was commissioned by DHL and authored by Steven A. Altman and Caroline R. Bastian of New York University Stern School of Business. It was finalized in February 2025 using data and forecast updates through January 2025.
Hashtag: #DHLTradeAtlas #GlobalTrade #SupplyChainDiversification
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DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
Driving Growth in Southeast Asia
This strategic move enhances Loft’s capabilities, providing seamless logistics and fulfilment services that support businesses in both Singapore and Malaysia. Since its inception, Loft Logistics has envisioned a fully owned logistics network that services the Southeast Asia region. Given Malaysia’s close proximity to Singapore, it was the natural choice for the company’s first expansion. Encouraged by strong demand from Singapore-based customers, Loft Logistics is now in a prime position to facilitate cross-border trade.
Comprehensive Fulfillment Services in Malaysia
Loft Malaysia will offer the same services as its Singapore operations, ensuring consistency and efficiency for customers. These services include:
- A customer control tower that will provide visibility of the inventory flow in both locations
- Inbound management & quality inspections
- Warehouse storage space for rent
- Pick and pack operations
- Bundling and kitting of items
- Returns sortation, testing and product quality assessment
- West Malaysia last-mile delivery (B2B and B2C)
Strategic Location: Shah Alam, Selangor
Shah Alam was chosen for its central location between Port Klang and Kuala Lumpur, with a travel time of approximately 35 minutes to either point. The area is well-connected by major expressways such as the Shah Alam Expressway (KESAS) and the Shah Alam Highway (LKSA), making it an ideal distribution hub for West Malaysia.
At the same time, Loft’s expansion presents a unique opportunity for Singaporean businesses looking to enter the Malaysian market. Key benefits include:
- Consolidated inventory visibility in both Singapore and Malaysia for better stock allocation.
- Streamlined cross-border trucking services to optimise inventory distribution between locations.
- Reduced logistics costs by leveraging a localised fulfilment centre in Malaysia.
Supporting both Malaysian companies expanding into Singapore and Singaporean businesses entering Malaysia, Loft’s new warehouse in Shah Alam plays a key role in facilitating growth across the region. It focuses on improving distribution efficiency, providing scalable storage, and reducing delivery lead times within Malaysia. On top of that, businesses utilising these warehousing services can optimise costs by lowering shipping and import duty expenses.
“Our expansion into Malaysia is our initial step in a broader strategy for South East Asia in supporting local SMEs with an integrated cost effective logistics solution,” said Daryl Chan, Co-founder of Loft Logistics.
Unique Offerings in the Malaysia-Singapore Corridor
Loft provides specialised cross-border logistics services, facilitating operations for businesses trading between Singapore and Malaysia. Its offerings include temperature-controlled storage for sensitive products and end-to-end logistics solutions, covering warehousing to last-mile delivery. With an integrated system for real-time inventory tracking across both countries, businesses can manage their supply chains with greater visibility and efficiency.
Loft’s Next Chapter in Southeast Asia’s Logistics Landscape
With this expansion, Loft continues to provide businesses with the tools and infrastructure needed to scale successfully across borders. Stay tuned for further developments as the company moves forward with logistics network expansion in Southeast Asia.
“We have always been aiming to create a seamless logistics network to support businesses in scaling across borders. This expansion allows us to better serve our customers in the region” said Daryl Chan, Co-founder of Loft Logistics.
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About Loft Logistics
Loft Logistics is a logistics company based in Singapore, specialising in storage solutions and fulfilment services tailored to e-commerce businesses. They provide flexible storage options and tech-enabled solutions to help businesses optimise their supply chains and improve operational efficiency.
15 Tech Companies Showcase AI, Telecommunications, and Green and Construction Tech at HKSTP Pavilion
HONG KONG SAR – Media OutReach Newswire – 16 April 2025 – The Hong Kong Science and Technology Parks Corporation (HKSTP) will lead a delegation of 15 innovative tech companies to GITEX Asia 2025, taking place from 23-25 April, 2025, at Marina Bay Sands in Singapore. The HKSTP Pavilion will highlight the breadth of HKSTP’s portfolio, including AI, telecommunications, and green and construction tech from 15 park companies. The Pavilion will also spotlight Hong Kong’s vibrant innovation ecosystem, showcasing market-ready solutions poised to make waves in Southeast Asia.
HKSTP: Gateway to Global Success
HKSTP is a trusted partner for tech companies scaling internationally, offering end-to-end support from research and development to commercialisation and market entry. For the Southeast Asian I&T community, HKSTP offers a proven springboard to refine their offerings, secure funding, and expand regionally – including access to the vast Mainland China market through Hong Kong’s unique position as a gateway to China. By leveraging this strategic edge, HKSTP equips tech companies with resources, including networking opportunities, and tailored support to navigate the complexities of regional markets amidst economic shifts.
A group of innovative companies from HKSTP are gearing up to participate in the prestigious Supernova Pitch Competition at GITEX Asia. The lineup includes HairCoSys Limited, Neuron Operations Limited, Pantheon Lab Limited, EC Innovations Limited, FJ Dynamics International Limited, Green Vigor Limited, Hong Kong Center for Construction Robotics, I2COOL Limited, Altai Technologies Limited, and eSIX Limited. These companies will showcase their groundbreaking technologies and compete for recognition among global peers.
Albert Wong, CEO of HKSTP, said, “We’re excited to debut at GITEX Asia, bringing Hong Kong’s innovative spirit to this dynamic region as we continue to go global. Our ecosystem blends R&D expertise, talent development, and market access, positioning us as a top international innovation and technology hub that empowers tech companies to expand their reach beyond borders.”
The HKSTP Pavilion at GITEX Asia 2025 will highlight potential technologies, featuring tech companies like Pantheon Lab Limited, which uses deep learning for AI-driven visual content. EC Innovation Limited transforms wastewater into nutrient-rich irrigation solutions. eSIX Limited offers high-speed and ultra-reliable networking solutions for smart cities and industries. These tech companies, alongside the full delegation, showcase HKSTP’s commitment to fostering solutions for global challenges – from sustainability to digital transformation.
Innovation in the Spotlight
HKSTP’s collaborations with partners provide a platform for tech companies to showcase their innovative ideas at regional events such as IBEW in Singapore and Techsauce Global Summit in Thailand. At GITEX Asia 2025, HKSTP tech companies will also participate in the esteemed Supernova Pitch Competition, inspired by Expand North Star in Dubai, solidifying their presence in the regional market.
GITEX Asia 2025, the anticipated Asian edition of GITEX GLOBAL, will bring together over 700 leading tech companies, including over 400 innovative tech companies and 250 investors from more than 60 countries. With a focus on AI, telecommunications, Cloud, Data Centres, Cybersecurity, HealthTech, and Fintech, GITEX Asia 2025 offers startups a unique opportunity to connect with industry experts, explore new opportunities, and share their innovations.
Appendix: List of 15 exhibiting park companies at GITEX Asia 2025
| No. | Category | Company Name |
| 1 | AI | HairCoSys Limited |
| 2 | Neufast Limited | |
| 3 | Neuron Operations Limited | |
| 4 | On-us Company Limited | |
| 5 | Pantheon Lab Limited | |
| 6 | Redica Systems Limited | |
| 7 | TaoTaoro Group Limited (Materia Logic) | |
| 8 | Green and Construction Tech | EC Innovation Limited |
| 9 | FJ Dynamics International Limited | |
| 10 | Green Vigor Limited | |
| 11 | Hong Kong Center for Construction Robotics | |
| 12 | I2COOL Limited | |
| 13 | Zence Object Holding (Hong Kong) Limited | |
| 14 | Telecommunications | Altai Technologies Limited |
| 15 | eSIX Limited |
For up-to-date information about GITEX Asia 2025, please visit: https://gitexasia.com/
Hashtag: #HKSTP
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About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 14 unicorns, more than 15,000 research professionals and over 2,200 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.
Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
One of the most notable upgrades is the “Our Projects” section, which now presents a more comprehensive look at the company’s past work. From residential projects to large-scale commercial renovation in Singapore, this section offers detailed visuals, project descriptions, and client testimonials. The redesign aims to give potential clients a clearer understanding of Leong Yik Engineering & Contractor’s capabilities and standards. Compared to the previous version, the new site places a stronger emphasis on project transparency and user engagement.
The website also makes it easier for users to learn about specific services, such as roof leakage repair and wall plastering in Singapore. Whether a client is searching for a roof leakage repair contractor to fix ceiling water damage or looking to find a wall hacking contractor, they can now easily find relevant information and assess service suitability. In addition, Leong Yik Engineering & Contractor showcases its expertise in cement screed flooring and concrete screed flooring, both of which are essential for durable and level surfaces in both residential and commercial spaces.
As an HDB-approved tiling contractor and BizSafe Star accredited company, Leong Yik Engineering & Contractor continues to build trust through quality workmanship and safety compliance. The new website reflects the company’s commitment to professional growth and client satisfaction.
The launch follows months of preparation, including efforts to preserve SEO rankings, transfer existing content, and develop new materials, particularly for the project portfolio. This milestone also signals Leong Yik Engineering & Contractor’s direction for the future: expanding service offerings, exploring new technologies, and enhancing community engagement.
Founded in 2017, Leong Yik Engineering & Contractor has steadily established itself as a reliable name in Singapore’s renovation sector, offering practical and long-lasting solutions tailored to the needs of modern clients.
For more information on Leong Yik Engineering & Contractor and its comprehensive range of services, please visit https://www.leongyik.com.sg/.
Hashtag: #LeongYik
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