The annual value of export and import trade between the Association of Southeast Asian Nations (ASEAN) and China was expected to increase by 438 billion constant U.S. dollars between 2023 and 2031. That was the largest trade revenue growth among regions worldwide. Furthermore, the value of trade between the European Union (EU) and the United States would increase by 338 billion constant U.S. dollars over the same period. Trade between Russia and the EU was forecast to decline significantly as a result of the sanctions on Russia over its invasion of Ukraine, by 262 billion constant U.S. dollars.
Estimated change in revenue from trade in goods between selected global regions in 2031 compared to 2023
(in billion constant U.S. dollars)
Characteristic
Change in trade revenue in billion constant U.S. dollars
Africa refers to the countries of the African Continental Free Trade Agreement (AfCTA).
The Association of Southeast Asian Nations (ASEAN) includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.
The Gulf Cooperation Council (GCC) includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. Mercosur includes Argentina, Brazil, Paraguay, and Uruguay.
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BCG. (January 17, 2023). Estimated change in revenue from trade in goods between selected global regions in 2031 compared to 2023 (in billion constant U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1378887/change-in-trade-revenue-by-region/
BCG. "Estimated change in revenue from trade in goods between selected global regions in 2031 compared to 2023 (in billion constant U.S. dollars)." Chart. January 17, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1378887/change-in-trade-revenue-by-region/
BCG. (2023). Estimated change in revenue from trade in goods between selected global regions in 2031 compared to 2023 (in billion constant U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1378887/change-in-trade-revenue-by-region/
BCG. "Estimated Change in Revenue from Trade in Goods between Selected Global Regions in 2031 Compared to 2023 (in Billion Constant U.S. Dollars)." Statista, Statista Inc., 17 Jan 2023, https://www.statista.com/statistics/1378887/change-in-trade-revenue-by-region/
BCG, Estimated change in revenue from trade in goods between selected global regions in 2031 compared to 2023 (in billion constant U.S. dollars) Statista, https://www.statista.com/statistics/1378887/change-in-trade-revenue-by-region/ (last visited November 22, 2024)
Estimated change in revenue from trade in goods between selected global regions in 2031 compared to 2023 (in billion constant U.S. dollars) [Graph], BCG, January 17, 2023. [Online]. Available: https://www.statista.com/statistics/1378887/change-in-trade-revenue-by-region/
