Why Are These World's Top 15 Importing Sub-Regions, By 2021-24? Blog-4

#FutureExportVision #DrLadeVedkumar

By Dr. Lade Vedkumar.

These are 2020's average value and prospects by 2024.

1. EU & West Europe:

The import will increase from 5.1 trillion dollars to  6.3 trillion dollars.         

2. East Asia:

The import will grow from 2.7 trillion dollars to 4.1 trillion dollars.

3. North America:

The import will grow from 2.4 trillion dollars to 3.1 trillion dollars.

4. ASEAN:

Its import market will grow from 1 trillion dollars to 1.7 trillion dollars. 

5. Latin America:

Its import will increase from 777.1 billion dollars to 1 trillion dollars. 

6. Middle East:

Its import will rise from 722.1 billion dollars to 986 billion dollars.

7. South Asia:

The import will increase from 354.4 billion dollars to 607.8 billion dollars.         

8. East Europe & Central Asia:

The import will grow from 383.8 billion dollars to 571.8 billion dollars.

9. Pacific:

The import will grow from 222.2 billion dollars to 282.3 billion dollars.

10. Northern Africa:

Its import market will grow from 163.3 billion dollars to 240.4 billion dollars.

 11. Western Africa:

Its import will rise from 87.9 billion dollars to 143.7 billion dollars.

12. Southern Africa:

The import will increase from 103.2 billion dollars to 138.9 billion dollars.         

13. Eastern Africa:

The import will grow from 58.4 billion dollars to 99.4 billion dollars.

14. Caribbean:

The import will grow from 50.1 billion dollars to 71.9 billion dollars.

15. Central Africa:

Its import market will grow from 16.3 billion dollars to 25.1 billion dollars.

Important conclusion:

Best results can be found in a sub-region having a larger absolute value wise difference between 2020 imports and prospects by 2024. It will create space to earn additional profit.

Such three regions are EU; West Europe, East Asia and North America.

EU & West Europe shows the largest absolute difference between prospects and exports in value terms, leaving room to earn additional exports.

Note:

We can predict your desired product, sector, country and region wise export/import insight by 2021-25.

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As we always say. 

The best prospects cannot be found in the statistics of the last five years. Because yesterday has passed. Rather, the best prospects are hidden in the next five year statistics.

Note: All the values are in an US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2020's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years.

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Research sources:

1. World Trade Organization, Trade forecast.

2. World Bank WITS.

3. International Trade Centre.

Research access duration: December 2020.(second edition)

Important remark:

Most of the world market is recovering after post Covid-19 era.

© 2020-2024 Future Export Vision.

Other valuable editions:

 

Why Are These The World"s Top 10 Importing Countries, By 2021-24?

https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-10-importing.html

Why Are These The World's Top 10 Export Products, By 2021-24?

https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-10-exports-by.html

Why Are These The World's Top 10 Exporting Countries, By 2021-24?

https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-10-export.html