Change in foreign trade revenue 2023-2031, by region
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.
