Vietnam’s goods exports were also up a solid 9.5% on the year, as exports to the US have accelerated, likely reflecting some trade diversion due to the US-China trade war. This has partly offset weaker demand from China and the region.
SINGAPORE (June 28): The recent US-China trade tension escalations have resulted in the deterioration of the manufacturing and exports sector – causing Oxford Economics to lower its GDP growth forecasts across most of Asia.
Most countries recorded negative export growth with the exception of China (up 1.1%) and India (up 3.9%).
