Global trade holds firm despite trade uncertainties, DHL says

China offset the weaker US demand with stronger exports to ASEAN, Africa, and Europe.

Global trade continues to expand despite rising US tariffs and persistent policy tensions, according to the DHL Global Connectedness Tracker released in October 2025. 

The report shows that cross-border flows of trade, investment, and capital remain near record highs, with globalisation depth steady at around 25%.

China has redirected exports to ASEAN (+15%), Africa (+25%), and the European Union (+8%) as its share of US imports drops to 9% in early 2025 from 22% in 2017. This shift highlights Asia’s growing role in sustaining global supply chains amid trade realignments.

Global goods trade grew faster in the first half of 2025 than in any comparable period since 2010, excluding the pandemic years. Sub-Saharan Africa recorded the strongest growth at 9.6%, followed by North America (7%).

The report also notes that average trade distances reached nearly 5,000 km, showing that companies continue sourcing globally rather than regionalising production.

DHL said the findings underscore diversification rather than deglobalisation, reinforcing Asia’s position as a hub for logistics and international trade.