Macro Insights Weekly - Asia's trade with China and the US

Despite Middle East war risks, Asia's trade momentum stays strong as the AI-driven electronics boom and resilient US consumption lift exports; gains vary by country, with India lagging peers.
War uncertainty rises, but 1Q trade data shows a robust cycle continues.
AI wave boosts Asia electronics exports: chips, components, data-centre inputs.
US retail demand remains strong; sustained US spending supports Asia's exporters.
China exports surge despite weaker US trade, aided by rest-of-the-world demand.
Virtually all countries, with the US a notable exeption, are reporting surging exports to China.