Global Trade Transformation, 2024-2035

Global Trade will Surpass $105 Trillion by 2035 in an Accelerated Trade Growth Scenario, Reorienting International Trade Flows Amidst a Regionalization Pivot

The global trade landscape is poised for significant transformation through 2035, underpinned by rapid technological advancements, emerging economic powers, and evolving geopolitical dynamics. The persistent disruptions in supply chains since 2020 have led to a sizable pivot towards regionalization, driving advanced nations to prioritize reshoring or nearshoring back to local or regional markets. This rapid transformation in supply chains is redrawing the global trade flows.

This macroeconomic thought leadership showcases scenario-based global total trade forecasts through 2035. It offers a qualitative economic impact assessment of key global trade drivers in the baseline scenario and identifies potential strategy solutions that firms can craft to ensure long-term competitiveness. The report provides insights into the Megatrends in global trade, such as the emergence of Asia, Africa, and the Middle East as global trade hubs, the rising prominence of trade regionalization, and the transformation of services trade. The analysis also identifies the growth opportunities emerging from the changes in the global trade landscape for decision-makers and industry leaders to leverage.