The trade balance is one of the most important economic indicators for Asian economies, many of which are export-driven.
Asian Trade Profiles
| Country | Trade Balance | Key Exports |
| China | Large surplus (~$800B) | Electronics, machinery, textiles |
| Japan | Variable | Automobiles, electronics, machinery |
| South Korea | Surplus | Semiconductors, ships, petrochemicals |
| Taiwan | Surplus | Semiconductors (TSMC) |
| India | Deficit | IT services (export), oil (import) |
| Indonesia | Surplus | Commodities, palm oil, coal |
Impact on Currency
Trade surplus → more demand for local currency → currency strengthens Trade deficit → more demand for foreign currency → currency weakens
Trade Wars and Asian Markets
US-China trade tensions since 2018 have reshaped Asian supply chains. Companies are diversifying manufacturing from China to Vietnam, India, and Indonesia — the 'China Plus One' strategy.