Export momentum has become a critical prop for economic growth in recent quarters. However, relying too heavily on this single engine carries substantial downside risk. When external demand softens—and historically it does—economies overly dependent on export flows face sharp slowdowns. The current trajectory suggests this model may not hold indefinitely. Market participants watching macroeconomic cycles should consider what happens when export tailwinds fade and domestic demand doesn't compensate. A structural shift in growth drivers could reshape everything from policy responses to asset allocation strategies.