Southeast Asian trade accelerates as companies race against Trump tariffs

'Front-loading' of electronics soars in Thailand, Vietnam and Malaysia

20241205 container tanker in SG

Container ships docked in Singapore. Companies across Southeast Asia are "front-loading" trade, particularly of electronics parts and products, to beat the threatened imposition of tariffs by Donald Trump. (Photo by Ken Kobayashi)

FRANCESCA REGALADO, Nikkei staff writer

BANGKOK -- Trade surged in Southeast Asia's electronics manufacturing centers in the runup to the U.S. presidential election as customers prepared for disruption in the event of a Donald Trump victory.

Exports of electronic parts from Thailand saw a historic 30% increase in October, a month before Trump was elected to a second term, while overall shipments to the U.S. rose 25.3%. Meanwhile, imports of electronics and components from Taiwan and China climbed by 42% and 18%, respectively, between January and October compared to the same period last year.

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