Phl Among Asia's Trade Growth Leaders Until 2029 — Report

The Philippines is among the countries in Asia that is expected to lead trade growth until 2029, according to a report from logistics leader DHL and the New York University (NYU) Stern School of Business.

- - Louella Desiderio

The DHL Trade Atlas 2025 report, which looks at trends in global trade, showed that four countries in Asia — the Philippines, India, Vietnam and Indonesia — are forecast to rank among the top 30 countries in terms of both speed (growth rate) and scale (absolute amount) of trade growth between 2024 and 2029.

Steven Altman, senior research scholar and director of the DHL Initiative on Globalization at NYU Stern's Center for the Future of Management said in a webinar that the Philippines, in particular, is expected to post a 7.4-percent growth and an $88-billion increase in trade volume.

He said the trade volume growth forecast is at 7.2 percent for India, 6.7 percent for Indonesia and 6.5 percent for Vietnam.