Standard Chartered Reveals the Future of Trade Report.
Thirteen key markets are expected to account for 73 per cent of all exports and 69 per cent of all imports in Asia, Africa, and the Middle East by 2030, with a combined total trade value of USD19.7tn, based on analysis of historical trade data and projections until 2030. Mainland China, India and South Korea top the list by volume.
Simon Cooper, CEO of Corporate, Commercial & Institutional Banking and CEO, Europe and Americas, Standard Chartered, said: “Global trade continues to present growth opportunities within and across some of the world’s most dynamic regions. This research underlines how businesses are diversifying their sourcing and manufacturing decisions and offers practical insights into how this is playing out around the globe. In particular, the adoption of digital supply chain finance solutions could have a game-changing impact on export growth.”
International trade is projected to move away from the West, shifting southward and outward. South Asia will be the fastest-growing export region, driven by strong trade ties with neighbouring regions, including a recent free trade agreement between India and the UAE and Bangladesh’s plans to establish more than 100 special economic zones by 2030.
Table: High-growth corridors in ASEAN, South Asia, Africa and the Middle East will outpace the global trade growth rate of 5 per cent by 2030
| Corridor | Average Annual Growth Rate (2021-2030) | Size (USD 2030) |
| Intra – ASEAN | 8.7% | 0.8tn |
| South Asia – ASEAN | 8.6% | 0.3tn |
| South Asia – Africa | 8.2% | 0.2tn |
| South Asia – Middle East | 7.0% | 0.5tn |
| East Asia – ASEAN | 6.3% | 2.1tn |
| Intra – East Asia | 3.4% | 2.2tn |
Standard Chartered surveyed over 100 C-suite and senior leaders from global companies to understand the key drivers of trade growth, as well as the challenges they face. The research revealed the top five concerns of business leaders as being rising geopolitical conflicts and tensions (54 per cent); high and volatile energy
