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
69
33
58
-6
27
182
315
-1
-106
61
96
83
28
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.
Change in trade of goods, major corridors1
(2033 vs. 2023, constant 2010 USD $billions)
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:
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
69
33
58
-6
27
182
315
-1
-106
61
96
83
28
1
-4
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Select to view specific trade routes:
GLOBAL
AFRICA
CANADA
AUSTRALIA
CANADA
AUSTRALIA
ASEAN
GCC
EU
CHINA
MERCOSUR
JAPAN
INDIA
RUSSIA
MEXICO
View global chart
Change in trade of goods, major corridors1 (2033 vs. 2023, constant 2010 USD $billions)
Line colors represent total global trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
2023
2033
(forecast)
2.9%
21.9
29.2
Exports of goods, GLOBAL
(constant 2010 USD $trillions)
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Growing Below Average
Growing Above Average
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
69
33
58
-6
27
182
315
-1
61
96
83
28
1
-4
View world map
View world map
Select a country to see its specific trade routes
-106
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.
View world map
View world map
Africa change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Africa trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
12
100
173
Growing Below Average
Growing Above Average
AFRICA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.3
1.8
3.5%
63
18
30
31
9
1
-1
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View global chart
View global chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Exports of goods, GLOBAL
(constant 2010 USD $trillions)
2023
2033
(forecast)
21.9
29.2
2.9%
Africa
View world map
ASEAN change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total ASEAN trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
28
75
61
52
558
195
92
Growing Below Average
Growing Above Average
ASEAN total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
3.5
5.1
3.7%
31
27
<0.1
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View Africa chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
AFRICA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.3
1.8
3.5%
View ASEAN chart
View world map
Australia change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Australia trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
52
29
81
Growing Below Average
Growing Above Average
29
81
54
2
39
1
3
<1
<1
8
6
AUSTRALIA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
0.6
1.0
5.4%
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View ASEAN chart
View ASEAN chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
ASEAN total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
3.5
5.1
3.7%
View world map
Canada goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Canada trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
147
Growing Below Average
Growing Above Average
CANADA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.0
1.3
2.3%
4
3
8
7
18
12
23
10
-5
5
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View Australia chart
View Australia chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
AUSTRALIA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
0.6
1.0
5.4%
View world map
China change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total China trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
81
173
558
-159
-37
-23
11
269
182
88
97
95
Growing Below Average
Growing Above Average
CHINA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
5.1
6.6
2.7%
-21
8
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View Canada chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
CANADA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.0
1.3
2.3%
View China chart
View world map
EU change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total EU trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
100
28
11
27
21
58
83
98
303
-18
Growing Below Average
Growing Above Average
EU total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
5.0
6.1
2.0%
27
100
13
8
23
Turkey
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View China chart
View China chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
CHINA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
5.1
6.6
2.7%
View world map
GCC change in goods trade 2023 vs. 2023 (constant 2010 USD $billions)
Line colors represent total GCC trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
97
21
43
Growing Below Average
Growing Above Average
GCC total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
0.7
1.0
3.5%
10
88
34
Turkey
Egypt
Brazil
2
46
5
8
11
13
15
-2
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View EU chart
View EU chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
EU total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
5.0
6.1
2.0%
View world map
India change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total India trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
98
95
69
116
92
43
Growing Below Average
Growing Above Average
INDIA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.0
1.8
6.4%
92
95
98
43
5
63
25
44
56
54
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View GCC chart
View GCC chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
Egypt
Brazil
GCC total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
0.7
1.0
3.5%
View world map
Japan change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Japan trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
58
29
75
-37
69
1
33
Growing Below Average
Growing Above Average
JAPAN total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.5
2.0
2.8%
18
13
44
18
2
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View India chart
View India chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
Egypt
Brazil
INDIA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.0
1.8
6.4%
View world map
Mercosur change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Mercosur trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
182
27
-6
Growing Below Average
Growing Above Average
MERCOSUR total trade
(constant 2010 USD $billions)
2023
2033
(forecast)
655
938
3.7%
5
25
27
0.3
5
2
2
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View Japan chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
Egypt
Brazil
JAPAN total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.5
2.0
2.8%
View Mercosur chart
View world map
Mexico change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Mexico trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
88
315
Growing Below Average
Growing Above Average
MEXICO total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.0
1.5
4.1%
315
0.3
10
13
13
1
2
1
10
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View Mercosur chart
View Mercosur chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
Egypt
Brazil
MERCOSUR total trade
(constant 2010 USD $billions)
2023
2033
(forecast)
655
938
3.7%
View world map
Russia change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total Russia trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
269
69
-4
-1
-1061
Growing Below Average
Growing Above Average
RUSSIA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
0.8
1.1
3.1%
Turkey
-8
5
-28
69
4
18
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.
1
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.
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GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View EU chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
EU total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
5.0
6.1
2.0%
View Russia chart
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South Korea change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total South Korea trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
83
33
61
-23
96
Growing Below Average
Growing Above Average
SOUTH KOREA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.3
1.7
3.2%
33
56
7
30
39
>0.1
-1
2
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View Russia chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
RUSSIA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
0.8
1.1
3.1%
View South Korea chart
View world map
UK change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total UK trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
1
-1
28
-18
Growing Below Average
Growing Above Average
UK total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.1
1.2
0.7%
28
-1
-1
-21
5
0.4
>0.1
Turkey
Norway
41
29
-4
Switzerland
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View Africa chart
View Africa chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
AFRICA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.3
1.8
3.5%
View world map
US change in goods trade 2023 vs. 2033 (constant 2010 USD $billions)
Line colors represent total US trade 2023–2033 CAGR:
Shrinking
Line thickness represents total change in trade flows 2033 vs 2023:
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
96
195
116
303
147
28
69
12
-6
-159
-4
315
Growing Below Average
Growing Above Average
US total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
4.6
5.9
2.4%
69
17
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.
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.
Select to view specific trade routes:
GLOBAL
AFRICA
ASEAN
AUSTRALIA
CANADA
CHINA
EU
GCC
INDIA
JAPAN
MERCOSUR
MEXICO
RUSSIA
SOUTH KOREA
UK
US
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:
View South Korea chart
Canada
US
UK
Mexico
Mercosur
Russia
EU27
GCC
India
China
ASEAN
Australia
Japan
South
Korea
Africa
Turkey
SOUTH KOREA total trade
(constant 2010 USD $trillions)
2023
2033
(forecast)
1.3
1.7
3.2%
View US chart
View world map
