Southeast Asia Export Growth Slows Amid Tariff Concerns

Exports across several Asian economies slowed in March amid rising global trade tensions and new US tariffs. Singapore's non-oil domestic exports grew by 5.4%, down from February, with electronics seeing a boost while non-electronic exports lost momentum; authorities warned that US tariff moves could further affect future trade. Japan's exports rose 3.9%, easing from the previous month's double-digit growth, as US tariffs began to impact items like iron and steel, while exports to China fell and those to other Asian economies surged, possibly reflecting shifts to avoid tariffs. South Korea's automotive exports rose just 1.2% in value, with volumes declining and shipments to the US dropping ahead of new tariffs, though exports to other Asian markets increased significantly. Governments in the region are actively monitoring the evolving tariff landscape and implementing support measures for affected industries. These trends underscore broader concerns about the negative impact of protectionist policies on global trade and economic growth.