ASEAN’s 4-Trillion-Dollar Trade System: Balancing Regional Integration and Global Reach
ASEAN’s trade has surged to nearly USD 4 trillion in 2024 while developing a uniquely balanced structure.
ASEAN’s trade has surged to nearly USD 4 trillion in 2024 while developing a uniquely balanced structure.
In 2024, the global commercial services trade reached nearly USD 9 trillion, led by a group of economies with deep capabilities.
While manufacturing has declined steadily in the U.S., EU, Japan and Germany, China has sustained a uniquely high manufacturing share.
Preliminary data suggest that China’s export growth underwent a marked shift between H2 2024 and H1 2025, coinciding with multiple rounds of U.S. and EU tariff hikes.