The 10 Countries That Will Dominate World Trade In 2050

#6 Indonesia

Trade in 2050: $10.58 trillion

Percent of world trade: 2.9%

Indonesia also makes the list for the first time in 2050, driven by trade with China, Japan and the European Union.

Source: Citigroup

Despite a 20% decline during the financial crisis, world trade is expected to increase from 61% of global GDP in 2010, to 86% in 2050, according to a new report by Citigroup.

Trade is defined as the combined value of both imports and exports a country ships.

More significantly, trade is set to transform with most growth coming from emerging markets. China will be the world's biggest economy by trade as early as 2015, and developing Asia will become the world's largest regional trade corridor in the same period.

These projections however hinge on GDP growth, improved productivity, rising incomes and the fewer protectionist measures.

Note: According to the report, emerging markets include Hong Kong, Singapore, Korea, Israel and Slovenia as well.
#10 Hong Kong

Trade in 2050: $8.5 trillion

Percent of world trade: 2.3%

Hong Kong which doesn't feature in the top 10 in 2010 but is expected to climb to the eighth spot in 2030 with $4.1 trillion in trade, before slipping to tenth place in 2050.

Source: Citigroup

#9 Singapore

Trade in 2050: $8.65 trillion

Percent of world trade: 2.3%

Singapore's trade is set to rise from $1.6 trillion in 2015, to $4.1 trillion in 2030 and account fo 2.8% of world trade.

Source: Citigroup

#8 Japan

Trade in 2050: $8.76 trillion

Percent of world trade: 2.4%

Japan which at $1.78 trillion accounted for 4.8% of world trade in 2010 is expected to drop to start slipping in 2030 when it will account for only 3.3% of world trade.

Source: Citigroup

See the rest of the story at Business Insider

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See Also:
These Are The States That Would Get Crushed In A Trade War With China
China's Efforts To Fight Inflation Are Making Houses More Expensive For Poor People
10 Countries Where Consumer Spending Could Explode

http://www.businessinsider.com/ten-countries-dominate-world-trade-2050-2011-06

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