Change in trade of goods, major corridors1 (2033 vs. 2023, constant 2010 USD $billions)
2023
2033 (forecast)
2.9%
21.9
29.2
Exports of goods, GLOBAL (constant 2010 USD $trillions)
Select a country to see its specific trade routes
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South Korea
Africa
100
12
75
195
92
52
29
147
-23
-37
-159
95
11
88
269
558
173
81
21
28
303
98
-18
97
116
69
43
33
58
-6
27
182
315
-1
-106
61
96
83
1
-4
Sources: BCG Global Trade Model 2024; UN Comtrade; Oxford Economics; IHS Markit; World Trade Organization; BCG analysis. Note: Floating foreign-exchange rates are used for the entire period. Bilateral trade with the GCC does not include GCC’s hydrocarbons exports. 1Corridors in the map above represent ~45% of global trade.
Line colors represent total global trade 2023-2033 CAGR:
Growing Above Average
Growing Below Average
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Select to view specific trade routes:
GLOBAL
AFRICA
CANADA
AUSTRALIA
EU
CHINA
MERCOSUR
JAPAN
INDIA
RUSSIA
MEXICO
View global chart
Line colors represent total global trade 2023–2033 CAGR:
View world map
Africa change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Africa trade 2023–2033 CAGR:
AFRICA total trade (constant 2010 USD $trillions)
1.3
1.8
3.5%
63
18
30
31
9
Turkey
22
Sources: BCG Global Trade Model 2024; UN Comtrade; Oxford Economics; IHS Markit; World Trade Organization; BCG analysis. Note: Floating foreign-exchange rates are used for the entire period. Bilateral trade with the GCC does not include GCC’s hydrocarbons exports.
SOUTH KOREA
ASEAN change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total ASEAN trade 2023–2033 CAGR:
ASEAN total trade (constant 2010 USD $trillions)
3.5
5.1
3.7%
<0.1
View Africa chart
View ASEAN chart
Australia change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Australia trade 2023–2033 CAGR:
54
2
39
3
<1
8
6
AUSTRALIA total trade (constant 2010 USD $trillions)
0.6
1.0
5.4%
Canada goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Canada trade 2023–2033 CAGR:
CANADA total trade (constant 2010 USD $trillions)
2.3%
4
7
23
10
-5
5
View Australia chart
China change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total China trade 2023–2033 CAGR:
CHINA total trade (constant 2010 USD $trillions)
6.6
2.7%
-21
View Canada chart
View China chart
EU change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total EU trade 2023–2033 CAGR:
EU total trade (constant 2010 USD $trillions)
5.0
6.1
2.0%
13
78
-1061
Sources: BCG Global Trade Model 2024; UN Comtrade; Oxford Economics; IHS Markit; World Trade Organization; BCG analysis. Note: Floating foreign-exchange rates are used for the entire period. Bilateral trade with the GCC does not include GCC’s hydrocarbons exports. 1Residual EU-Russia trade is for 2023 due to staggered sanction schedules.
GCC change in goods trade 2023 vs. 2023 (constant 2010 USD $billions)
Line colors represent total GCC trade 2023–2033 CAGR:
GCC total trade (constant 2010 USD $trillions)
0.7
34
Egypt
Brazil
46
15
-2
View EU chart
India change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total India trade 2023–2033 CAGR:
INDIA total trade (constant 2010 USD $trillions)
6.4%
25
44
56
View GCC chart
Japan change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Japan trade 2023–2033 CAGR:
JAPAN total trade (constant 2010 USD $trillions)
1.5
2.0
2.8%
View India chart
Mercosur change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Mercosur trade 2023–2033 CAGR:
MERCOSUR total trade (constant 2010 USD $billions)
655
938
0.3
View Japan chart
View Mercosur chart
Mexico change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Mexico trade 2023–2033 CAGR:
MEXICO total trade (constant 2010 USD $trillions)
4.1%
Russia change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Russia trade 2023–2033 CAGR:
RUSSIA total trade (constant 2010 USD $trillions)
0.8
1.1
3.1%
-8
-28
View Russia chart
South Korea change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total South Korea trade 2023–2033 CAGR:
SOUTH KOREA total trade (constant 2010 USD $trillions)
1.7
3.2%
>0.1
View South Korea chart
UK change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total UK trade 2023–2033 CAGR:
UK total trade (constant 2010 USD $trillions)
1.2
0.7%
0.4
Norway
41
Switzerland
US change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total US trade 2023–2033 CAGR:
US total trade (constant 2010 USD $trillions)
4.6
5.9
2.4%
17
View US chart
