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:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Growing Below Average
Growing Above Average
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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.
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
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
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
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
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
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%
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
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
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
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
