China’s Import Momentum Moderates as Commodity Suppliers Gain Share
Imports have stabilised around USD 2.6 trillion, signalling softer domestic demand and a continued tilt toward commodity-intensive sourcing.
Imports have stabilised around USD 2.6 trillion, signalling softer domestic demand and a continued tilt toward commodity-intensive sourcing.
The Philippines is ASEAN’s most domestically anchored growth platform, combining demographic depth with diversified external exposure.
Exports remain anchored in machinery and higher-value manufacturing, while trade flows have reoriented toward Asia and diversification partners.
Diversified global trade exposure, strong manufacturing intensity and rising FDI underpin resilient growth with lower volatility than many regional peers.
While PMI remained cautious and marginally contractionary, steady export demand and resilient output kept manufacturing on a modest but stable growth path.
Retail sales improved marginally year-on-year, supported by resilient online spending and stronger rural consumption.
Real GDP growth varies widely across Asia despite broadly similar population dynamics.
Primary commodities accounted for 69% of export earnings in 2025, anchoring Brazil’s global relevance in food, energy, and metals.
China’s 2025 expansion reflects steady export growth and a return to mid-single-digit overall trade momentum.
Machinery, electronics and vehicles dominate China’s Latin America export basket, driven by Mexico and Brazil.