Latest news with #AndyChiang
Associated Press
17-03-2025
- Business
- Associated Press
New DHL Trade Atlas: Hong Kong demonstrates strength in trade, securing top spot in total trade value for 2024
Hong Kong ranks seventh in total trade value in 2024, with a total of US$1.3 trillion The city grabs the sixth spot globally in terms of trade volume change, amounting to US$212.7 billion, from 2024 to 2029 HONG KONG SAR - Media OutReach Newswire - 17 March 2025 - DHL and the New York University Stern School of Business have released the DHL Trade Atlas 2025, providing a comprehensive analysis of the most important trends in global trade. Hong Kong has attained top spots globally, indicating its strength in trade value and volume in nearly 200 countries and territories around the world. Hong Kong ranks seventh in total trade value in 2024, amounting to US$1.3 trillion. The report also indicates two dimensions of forecast trade growth: speed, which captures how fast a market's trade volume is expanding; and scale, which tracks the absolute change in the amount of goods traded by a market. Hong Kong has secured the sixth spot globally on the scale dimension – amounting to US$212.7 billion, from 2024 to 2029, together with other growing Asian markets, such as India and Vietnam. Hong Kong is forecast to maintain a 3.1% compound annual trade volume growth rate over the 2024 – 2029 period. According to the report, Hong Kong's top export destination from 2018 to 2023 was mainland China (57 percent), followed by the United States (6.8 percent) and India (3.1 percent). Meanwhile, nearly half of the city's import within the same period came from mainland China (43 percent). Eight out of the top ten of Hong Kong's export and import destinations from 2018 to 2023 were within Asia or in the Middle East. 'Hong Kong, recognized as a leading international financial and trade hub, has demonstrated strength in both trade value and volume,' said Andy Chiang, Senior Vice President and Managing Director - Hong Kong and Macau, DHL Express. 'As trade within Asia increases, Hong Kong serves as a vital gateway between mainland China and the rest of the world, maintaining strong connections with its Asian counterparts. We are well-positioned to meet the rising trade demand through recent strategic investments, including the inauguration of our Hong Kong West Service Center, the expansion of the Central Asia Hub at Hong Kong International Airport, and new direct flights from Hong Kong to Jakarta and Sydney. These initiatives will enable us to better serve our customers and capitalize on the growing opportunities in the region.' Key Takeaways: Unveiling Growth, Transformative Shifts, and the Impact of Trade Policies The DHL Trade Atlas measures changes in countries' and regions' shares of world trade. Among the key take-aways: Faster trade growth, greater uncertainty: Recent forecasts predict global goods trade will grow at a compound annual rate of 3.1% from 2024 to 2029. This roughly aligns with GDP growth and represents modestly faster trade growth compared to the previous decade. However, record high uncertainty about future trade policies clouds the outlook. Trump tariff impact: Even if the new U.S. administration implements all of its proposed tariff increases and other countries retaliate, global trade is still expected to grow over the next five years – but at a much slower pace. Made-in-China content finding new routes to U.S.: Direct U.S.–China trade has fallen from 3.5% of world trade in 2016 to 2.6% over the first nine months of 2024. However, U.S. reliance on made-in-China content has not declined substantially. U.S. imports from other countries contain more inputs from China, and U.S. direct imports from China may be underreported. New record in long-distance trade as Asia becomes central to global production networks: Contrary to predictions that recent disruptions would lead to more regionalized trade patterns, trade took place over the longest average distance on record during the first nine months of 2024 (5,000 km). The share taking place inside major geographic regions declined to a new low (51%). This development can be attributed to the fact that Europe and North America have increasingly traded with Asia, as 'Factory Asia' becomes central to global production networks. New leaders in trade growth: India, Vietnam, Indonesia, and the Philippines: Between 2024 and 2029, these four countries are forecast to rank among the top 30 for both speed (growth rate) and scale (absolute amount) of trade growth. India also stands out as the country with the third largest absolute amount of forecast trade growth (6% of additional global trade), behind China (12%) and the United States (10%). Global geopolitical shifts limited: Geopolitically driven shifts in global trade patterns remain limited and appear to have stalled in 2024. While trade between blocs of close allies declined relative to trade within these blocs in 2022 and 2023, there were no further declines over the first nine months of 2024. Standout regions: At the level of major world regions, the fastest trade volume growth from 2024 to 2029 is forecast for South & Central Asia, Sub-Saharan Africa, and the ASEAN countries – with compound annual growth rates between 5% and 6%. All other regions are forecast to grow at rates of 2% to 4%. Reasons for optimism in the face of U.S. policy shifts The DHL Trade Atlas 2025 outlines several reasons for optimism about the future of global trade despite a turn toward more restrictive U.S. trade policies. Most countries continue to pursue trade as a key economic opportunity, and U.S. trade barriers could strengthen ties among other countries. Also, many of Trump's tariff threats may end up different than originally proposed or delayed to prevent a spike in domestic inflation. Moreover, the U.S. share of world imports currently stands at 13%, and its share of exports is 9% – enough for U.S. policies to have substantial effects on other countries but not enough to unilaterally determine the future of global trade. The DHL Trade Atlas 2025 The DHL Trade Atlas 2025 features a wealth of data-driven insights and analysis on global trade and its prospects. It is an up-to-date resource for business leaders, policymakers, educators, students, media, and the interested public. It includes concise one-page profiles summarizing the trade patterns of nearly 200 countries and territories that comprise over 99% of world trade, GDP, and population. The free interactive content available at is a new feature of the report. The website enables users to customize analyses and explore trade trends by specific countries, regions, and categories of goods. Additionally, it offers convenient options for downloading data and images. The report was commissioned by DHL and authored by Steven A. Altman and Caroline R. Bastian of New York University Stern School of Business. It was finalized in February 2025 using data and forecast updates through January 2025. The DHL Trade Atlas 2025 is available at The issuer is solely responsible for the content of this announcement. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as 'The logistics company for the world'. DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050. New York University Stern School of Business New York University Stern School of Business, located in the heart of Greenwich Village and deeply connected to the City after which it is named, is one of the United States' premier management education schools and research centers. NYU Stern offers a broad portfolio of transformational programs at graduate, undergraduate, and executive levels, all of them enriched by the dynamism and profound resources of one of the world's business capitals. NYU Stern is a welcoming community that inspires its members to embrace and lead change in a rapidly transforming world. Visit
Zawya
17-03-2025
- Business
- Zawya
New DHL Trade Atlas: Hong Kong demonstrates strength in trade, securing top spot in total trade value for 2024
Hong Kong ranks seventh in total trade value in 2024, with a total of US$1.3 trillion The city grabs the sixth spot globally in terms of trade volume change, amounting to US$212.7 billion, from 2024 to 2029 HONG KONG SAR - Media OutReach Newswire - 17 March 2025 - DHL and the New York University Stern School of Business have released the DHL Trade Atlas 2025, providing a comprehensive analysis of the most important trends in global trade. Hong Kong has attained top spots globally, indicating its strength in trade value and volume in nearly 200 countries and territories around the world. Hong Kong ranks seventh in total trade value in 2024, amounting to US$1.3 trillion. The report also indicates two dimensions of forecast trade growth: speed, which captures how fast a market's trade volume is expanding; and scale, which tracks the absolute change in the amount of goods traded by a market. Hong Kong has secured the sixth spot globally on the scale dimension – amounting to US$212.7 billion, from 2024 to 2029, together with other growing Asian markets, such as India and Vietnam. Hong Kong is forecast to maintain a 3.1% compound annual trade volume growth rate over the 2024 – 2029 period. According to the report, Hong Kong's top export destination from 2018 to 2023 was mainland China (57 percent), followed by the United States (6.8 percent) and India (3.1 percent). Meanwhile, nearly half of the city's import within the same period came from mainland China (43 percent). Eight out of the top ten of Hong Kong's export and import destinations from 2018 to 2023 were within Asia or in the Middle East. "Hong Kong, recognized as a leading international financial and trade hub, has demonstrated strength in both trade value and volume," said Andy Chiang, Senior Vice President and Managing Director - Hong Kong and Macau, DHL Express."As trade within Asia increases, Hong Kong serves as a vital gateway between mainland China and the rest of the world, maintaining strong connections with its Asian counterparts. We are well-positioned to meet the rising trade demand through recent strategic investments, including the inauguration of our Hong Kong West Service Center, the expansion of the Central Asia Hub at Hong Kong International Airport, and new direct flights from Hong Kong to Jakarta and Sydney. These initiatives will enable us to better serve our customers and capitalize on the growing opportunities in the region." Key Takeaways: Unveiling Growth, Transformative Shifts, and the Impact of Trade Policies The DHL Trade Atlas measures changes in countries' and regions' shares of world trade. Among the key take-aways: Faster trade growth, greater uncertainty: Recent forecasts predict global goods trade will grow at a compound annual rate of 3.1% from 2024 to 2029. This roughly aligns with GDP growth and represents modestly faster trade growth compared to the previous decade. However, record high uncertainty about future trade policies clouds the outlook. Trump tariff impact: Even if the new U.S. administration implements all of its proposed tariff increases and other countries retaliate, global trade is still expected to grow over the next five years – but at a much slower pace. Made-in-China content finding new routes to U.S.: Direct U.S.–China trade has fallen from 3.5% of world trade in 2016 to 2.6% over the first nine months of 2024. However, U.S. reliance on made-in-China content has not declined substantially. U.S. imports from other countries contain more inputs from China, and U.S. direct imports from China may be underreported. New record in long-distance trade as Asia becomes central to global production networks: Contrary to predictions that recent disruptions would lead to more regionalized trade patterns, trade took place over the longest average distance on record during the first nine months of 2024 (5,000 km). The share taking place inside major geographic regions declined to a new low (51%). This development can be attributed to the fact that Europe and North America have increasingly traded with Asia, as "Factory Asia" becomes central to global production networks. New leaders in trade growth: India, Vietnam, Indonesia, and the Philippines: Between 2024 and 2029, these four countries are forecast to rank among the top 30 for both speed (growth rate) and scale (absolute amount) of trade growth. India also stands out as the country with the third largest absolute amount of forecast trade growth (6% of additional global trade), behind China (12%) and the United States (10%). Global geopolitical shifts limited: Geopolitically driven shifts in global trade patterns remain limited and appear to have stalled in 2024. While trade between blocs of close allies declined relative to trade within these blocs in 2022 and 2023, there were no further declines over the first nine months of 2024. Standout regions: At the level of major world regions, the fastest trade volume growth from 2024 to 2029 is forecast for South & Central Asia, Sub-Saharan Africa, and the ASEAN countries – with compound annual growth rates between 5% and 6%. All other regions are forecast to grow at rates of 2% to 4%. Reasons for optimism in the face of U.S. policy shifts The DHL Trade Atlas 2025 outlines several reasons for optimism about the future of global trade despite a turn toward more restrictive U.S. trade policies. Most countries continue to pursue trade as a key economic opportunity, and U.S. trade barriers could strengthen ties among other countries. Also, many of Trump's tariff threats may end up different than originally proposed or delayed to prevent a spike in domestic inflation. Moreover, the U.S. share of world imports currently stands at 13%, and its share of exports is 9% – enough for U.S. policies to have substantial effects on other countries but not enough to unilaterally determine the future of global trade. The DHL Trade Atlas 2025 The DHL Trade Atlas 2025 features a wealth of data-driven insights and analysis on global trade and its prospects. It is an up-to-date resource for business leaders, policymakers, educators, students, media, and the interested public. It includes concise one-page profiles summarizing the trade patterns of nearly 200 countries and territories that comprise over 99% of world trade, GDP, and population. The free interactive content available at is a new feature of the report. The website enables users to customize analyses and explore trade trends by specific countries, regions, and categories of goods. Additionally, it offers convenient options for downloading data and images. The report was commissioned by DHL and authored by Steven A. Altman and Caroline R. Bastian of New York University Stern School of Business. It was finalized in February 2025 using data and forecast updates through January 2025. The DHL Trade Atlas 2025 is available at Hashtag: #DHLExpressHongKong The issuer is solely responsible for the content of this announcement. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". DHL is part of DHL Group. The Group generated revenues of approximately 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050. New York University Stern School of Business New York University Stern School of Business, located in the heart of Greenwich Village and deeply connected to the City after which it is named, is one of the United States' premier management education schools and research centers. NYU Stern offers a broad portfolio of transformational programs at graduate, undergraduate, and executive levels, all of them enriched by the dynamism and profound resources of one of the world's business capitals. NYU Stern is a welcoming community that inspires its members to embrace and lead change in a rapidly transforming world. Visit DHL Express Hong Kong
Associated Press
13-03-2025
- Business
- Associated Press
DHL Express Hong Kong becomes the Official Partner of Kai Tak Sports Park
Both parties will collaborate to drive the growth of sports and entertainment events to the city and help to foster the development of Hong Kong into a premier hub for mega live events HONG KONG SAR - Media OutReach Newswire - 13 March 2025 - DHL Express, the world's leading international express service provider, has been appointed as the Official Partner of the newly opened Kai Tak Sports Park (KTSP). The partnership demonstrates both organizations' mutual commitment to bringing world-class mega events to Hong Kong, further strengthening the city's position as Asia's Event Capital. Through this partnership, DHL will support KTSP in welcoming a variety of international, large-scale sports and entertainment events to Hong Kong. This collaboration enhances DHL's brand visibility to audiences at home and abroad, contributing to the growth of Hong Kong's mega events economy. 'We are delighted that DHL Express is our Official Partner. We look forward to enhancing the experience of our world-class mega events together. With KTSP as Hong Kong's home venue, we are committed to bringing more international sports, cultural, and entertainment events to Hong Kong, further transforming the city into an event capital and creating new growth opportunities,' said Mr. John Sharkey, CEO, KTSP. 'DHL Express is honored to be the Official Partner of KTSP. This underscores our long-term commitment to Hong Kong's development. In line with our purpose of 'Connecting People, Improving Lives,' we are excited to support KTSP in hosting world-class large-scale events. Through our shared values of innovation and mission to promote Hong Kong as a hub for live events, we will connect local and international audiences with their favorite sports teams, athletes, and artists. We believe we can better position Hong Kong as an attractive destination for the sports, cultural, arts and music lovers,' said Andy Chiang, Senior Vice President and Managing Director, DHL Express Hong Kong and Macau. One of the main events in 2025 for KTSP is the Coldplay's Music Of The Spheres World Tour in April, for which DHL is the Official Logistics Partner. As Coldplay's Official Logistics Partner, DHL is helping to reduce the tour's transport emissions by for example leveraging Sustainable Aviation Fuel (SAF), which generates up to 85% less CO2 emissions compared to traditional jet fuel. The partnership with KTSP reinforces DHL's long-term commitment to the sports and entertainment industry at both local and global levels. With a long history of partnering with some of the world's most prestigious events and teams - including Formula 1, Formula E and Manchester United - DHL connects people from all over the world, enabling fans to engage with their favorite sports teams and artists. Locally, DHL is the Official Partner of Hong Kong China Rugby, nurturing talented local athletes to help them realize their full potential on the international stage. Officially opened on 1 March 2025, Kai Tak Sports Park is Hong Kong's largest integrated sports and entertainment landmark. Featuring a multi-purpose stadium and a variety of sports and leisure facilities, the park supports the government's goals of boosting tourism, promoting sports development, and hosting major sporting and entertainment events, thereby contributing to the city's economic development and cultural exchange. The issuer is solely responsible for the content of this announcement. About Kai Tak Sports Park Kai Tak Sports Park is a fully integrated sports, leisure and entertainment destination. The 28-hectare Sports Park will be part of the redevelopment on the site of the old Hong Kong International Airport in Kai Tak. The Sports Park features a 50,000-seat Main Stadium (named Kai Tak Stadium) with a retractable roof, IndoorSport Centre (named Kai Tak Arena) with the flexibility to host community sports and events of up to 10,000 seats, and a Public Sports Ground (named Kai Tak Youth Sports Ground) with a capacity of 5,000 seats. These venues will be complemented with extensive public open spaces for events and leisure together with retail and harbour front dining spaces. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as 'The logistics company for the world'. DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
Zawya
13-03-2025
- Business
- Zawya
DHL Express Hong Kong becomes the Official Partner of Kai Tak Sports Park
Both parties will collaborate to drive the growth of sports and entertainment events to the city and help to foster the development of Hong Kong into a premier hub for mega live events HONG KONG SAR - Media OutReach Newswire - 13 March 2025 - DHL Express, the world's leading international express service provider, has been appointed as the Official Partner of the newly opened Kai Tak Sports Park (KTSP). The partnership demonstrates both organizations' mutual commitment to bringing world-class mega events to Hong Kong, further strengthening the city's position as Asia's Event Capital. Through this partnership, DHL will support KTSP in welcoming a variety of international, large-scale sports and entertainment events to Hong Kong. This collaboration enhances DHL's brand visibility to audiences at home and abroad, contributing to the growth of Hong Kong's mega events economy. "We are delighted that DHL Express is our Official Partner. We look forward to enhancing the experience of our world-class mega events together. With KTSP as Hong Kong's home venue, we are committed to bringing more international sports, cultural, and entertainment events to Hong Kong, further transforming the city into an event capital and creating new growth opportunities," said Mr. John Sharkey, CEO, KTSP. "DHL Express is honored to be the Official Partner of KTSP. This underscores our long-term commitment to Hong Kong's development. In line with our purpose of 'Connecting People, Improving Lives,' we are excited to support KTSP in hosting world-class large-scale events. Through our shared values of innovation and mission to promote Hong Kong as a hub for live events, we will connect local and international audiences with their favorite sports teams, athletes, and artists. We believe we can better position Hong Kong as an attractive destination for the sports, cultural, arts and music lovers," said Andy Chiang, Senior Vice President and Managing Director, DHL Express Hong Kong and Macau. One of the main events in 2025 for KTSP is the Coldplay's Music Of The Spheres World Tour in April, for which DHL is the Official Logistics Partner. As Coldplay's Official Logistics Partner, DHL is helping to reduce the tour's transport emissions by for example leveraging Sustainable Aviation Fuel (SAF), which generates up to 85% less CO2 emissions compared to traditional jet fuel. The partnership with KTSP reinforces DHL's long-term commitment to the sports and entertainment industry at both local and global levels. With a long history of partnering with some of the world's most prestigious events and teams - including Formula 1, Formula E and Manchester United - DHL connects people from all over the world, enabling fans to engage with their favorite sports teams and artists. Locally, DHL is the Official Partner of Hong Kong China Rugby, nurturing talented local athletes to help them realize their full potential on the international stage. Officially opened on 1 March 2025, Kai Tak Sports Park is Hong Kong's largest integrated sports and entertainment landmark. Featuring a multi-purpose stadium and a variety of sports and leisure facilities, the park supports the government's goals of boosting tourism, promoting sports development, and hosting major sporting and entertainment events, thereby contributing to the city's economic development and cultural exchange. Hashtag: #DHLExpressHongKong The issuer is solely responsible for the content of this announcement. About Kai Tak Sports Park Kai Tak Sports Park is a fully integrated sports, leisure and entertainment destination. The 28-hectare Sports Park will be part of the redevelopment on the site of the old Hong Kong International Airport in Kai Tak. The Sports Park features a 50,000-seat Main Stadium (named Kai Tak Stadium) with a retractable roof, IndoorSport Centre (named Kai Tak Arena) with the flexibility to host community sports and events of up to 10,000 seats, and a Public Sports Ground (named Kai Tak Youth Sports Ground) with a capacity of 5,000 seats. These venues will be complemented with extensive public open spaces for events and leisure together with retail and harbour front dining spaces. DHL – The logistics company for the world DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world". DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050. DHL Express Hong Kong
