Why These Are Hong Kong's Top 10 Export Sub-Region, By 2021-24? Blog-44

By Dr. Lade Vedkumar.

Very impressive export prospects are going to expand in these sub-region by 2024.

These are the average export values of 2020 and export prospects by 2024.

EU and West Europe:

2020-17.4 billion dollars, 

2024-21.4 billion dollars.

ASEAN:

2020-12.6 billion dollars,

2024-16.4 billion dollars.

South Asia:

2020-11.8 billion dollars, 

2024-13.0 billion dollars.

East Asia:

2020-6.8 billion dollars,

2024-9.1 billion dollars.

North America:

2020-3.7 billion dollars, 

2024-4.0 billion dollars.

Middle East:

2020-3.3 billion dollars,  

2024-4.0 billion dollars.

Latin America:

2020-2.0 billion dollars, 

2024-2.4 billion dollars.

Western Africa:

2020-751.9 million dollars,

2024-888.9 million dollars.

Southern Africa:

2020-549.1 billion dollars, 

2024-724.3 billion dollars.

East Europe & Central Asia:

2020-509.5 billion dollars, 

2024-695.5 billion dollars.

Important conclusion:

Best results can be found in countries having larger absolute difference between 2020's exports and prospects by 2024. It will create the space to earn additional export.

Such three sub-region are EU & West Europe, ASEAN and South Asia.

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 source:

1. World Trade Organization, Trade forecast.

2. World Bank WITS.

3. International Trade Centre.

Research access duration December 2020.

© 2020-24 Future Export Vision.