Philippines to emerge as a top global trade leader: DHL | ABS-CBN
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Philippines to emerge as a top global trade leader: DHL
Philippines to emerge as a top global trade leader: DHL
MANILA -- The Philippines is expected to be one of the leaders in international trade in the next few years, global logistics giant DHL said Friday.
MANILA -- The Philippines is expected to be one of the leaders in international trade in the next few years, global logistics giant DHL said Friday.
In its 2025 Trade Atlas, DHL said the Philippines is seen to be among the top 30 leaders in trade growth in terms of speed (growth rate) and scale (absolute amount).
In its 2025 Trade Atlas, DHL said the Philippines is seen to be among the top 30 leaders in trade growth in terms of speed (growth rate) and scale (absolute amount).
The Philippines, in particular, may soar 114 positions to rank 15th in terms of speed, and jump from 68th to 30th in terms of scale.
The Philippines, in particular, may soar 114 positions to rank 15th in terms of speed, and jump from 68th to 30th in terms of scale.
India, Vietnam and Indonesia are also expected to be global trade leaders from 2024 to 2029, DHL said.
India, Vietnam and Indonesia are also expected to be global trade leaders from 2024 to 2029, DHL said.
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The logistics company said Southeast Asia, South Asia, and sub-Saharan Africa are forecast to see much faster trade volume growth than all other regions from 2024 to 2029.
The logistics company said Southeast Asia, South Asia, and sub-Saharan Africa are forecast to see much faster trade volume growth than all other regions from 2024 to 2029.
In a statement, DHL said the center of gravity of world trade has shifted, with the share of world trade borne by South and Central Asia rising from 2 percent to 5 percent between 2000 and 2024.
In a statement, DHL said the center of gravity of world trade has shifted, with the share of world trade borne by South and Central Asia rising from 2 percent to 5 percent between 2000 and 2024.
The company also noted that trade has not become more regionalized, despite growing interest in nearshoring.
The company also noted that trade has not become more regionalized, despite growing interest in nearshoring.
"In the first nine months of 2024, the average
distance traversed for all traded goods reached a
record of 5,000 kilometers," DHL said.
"In the first nine months of 2024, the average distance traversed for all traded goods reached a record of 5,000 kilometers," DHL said.
The company also said global trade is likely to survive US President Donald Trump's second term in office.
The company also said global trade is likely to survive US President Donald Trump's second term in office.
The firm noted that Trump has promised to raise tariffs in varying degrees on all US trade partners.
The firm noted that Trump has promised to raise tariffs in varying degrees on all US trade partners.
If those promises become policy, they imply a push by the U.S. to become more self-sufficient and to participate less in international trade. But other countries are not lining up to follow the U.S. on a march away from international trade," DHL noted.
If those promises become policy, they imply a push by the U.S. to become more self-sufficient and to participate less in international trade. But other countries are not lining up to follow the U.S. on a march away from international trade," DHL noted.
"On the contrary, most other countries continue to pursue trade growth as a key economic development opportunity," it added.
"On the contrary, most other countries continue to pursue trade growth as a key economic development opportunity," it added.
DHL also noted that the US is not enough to reverse global trade on its own.
DHL also noted that the US is not enough to reverse global trade on its own.
"The U.S. share of global goods imports currently stands at 13 percent (and the U.S. share of global goods exports is 9 percent). That means that U.S. trade policies can create upheaval that affects the rest of the world – but their effects are probably not large enough to take down the global trading system," the company said.
"The U.S. share of global goods imports currently stands at 13 percent (and the U.S. share of global goods exports is 9 percent). That means that U.S. trade policies can create upheaval that affects the rest of the world – but their effects are probably not large enough to take down the global trading system," the company said.
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