Change in trade revenue by region 2023-2031

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)

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Release date

January 2023

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Region

Worldwide

Survey time period

2023

Supplementary notes

Based on the 2022 BCG Global Trade Model.

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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