Strength Through Diversification: Opportunities across Asia Pacific

FIGURE 1: INTRA-REGIONAL EXPORTS WITH ASIA PACIFIC*, USDBN 1982-2022

*Top 13 markets

Source: International Monetary Fund

However, it is the underlying strength of the region itself that will be most influential into the future. The regional economy is forecast to increase by over USD10tn in real terms through to the end of the decade, accounting for half of global growth [5] . Alongside this, Asia Pacific will have the largest growing regional population and dominate the middle class, accounting for 89% of total global growth through to 2030 [6] . In short, the region will increasingly look to service itself and supply chains will need to be redesigned to capitalise on the opportunity.

[2] Truman Du (2023). Visualizing All of China’s Trade Partners. Visual Capitalist [3] Ambassador Mark A. Green (2023, January 17). China Is the Top Trading Partner to More Than 120 Countries. Wilson Center [4] International Trade Centre [5] Moody’s analytics, September baseline forecast [6] Brookings Institute

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STRENGTH THROUGH DIVERSIFICATION: OPPORTUNITIES ACROSS ASIA PACIFIC