The 10 best countries for import/export business in 2025

Global merchandise trade is projected to reach a staggering $32 trillion by 2025, according to recent forecasts from the World Trade Organization. This monumental figure underscores the critical importance for companies to understand the best countries for import/export business in the coming years. At Verto, we recognise that emerging markets often present the most exciting opportunities for growth, but they also come with unique challenges.

Understanding the top emerging markets for import/export growth is crucial for several reasons:

• It allows businesses to tap into rapidly expanding consumer bases and growing economies, offering significant growth potential compared to mature markets. 

• Focusing on these markets enables companies to diversify their revenue streams and reduce dependence on slower-growing developed economies. 

• Early entry into high-potential emerging markets can provide a competitive edge, allowing businesses to establish strong market positions before competitors arrive.

However, navigating these opportunities requires the careful consideration of factors such as supply chain optimisation, risk management, and adaptation of products or services to local needs. By identifying the best countries for import/export business, companies can make informed decisions about resource allocation, strategic planning, and potential partnerships or collaborations.

Lets explore the top 10 emerging markets for import/export growth in 2025, and how to navigate payments with them:

1. India: The rising star of South Asia

India is rapidly emerging as one of the top import countries and top export countries globally. With a projected GDP growth rate of 6.5% in 2024-25, India's economic momentum is undeniable. The country's merchandise exports are forecasted to grow by 12.3% year-on-year in Q1 FY2025, with non-oil exports growing by 10.7%. This robust export growth is complemented by increasing imports, particularly in capital goods, signaling investments in industrial infrastructure.

India's large, young population and growing middle class make it an attractive market for both importers and exporters. The country's strong manufacturing momentum and rising global demand further cements its place as one of the best countries for import/export business.

2. Vietnam: The manufacturing powerhouse

Vietnam continues to benefit from the “China Plus One” strategy, attracting manufacturing and export-oriented industries. 

As one of the best countries for import/export business, Vietnam is experiencing strong export growth, particularly in electronics and textiles. Simultaneously, its import growth is driven by the need for raw materials and components to support its expanding manufacturing sector.

3. Indonesia: ASEAN's economic giant

Indonesia, as part of the fast-growing ASEAN bloc, is positioning itself as one of the best countries for import/export business. Both import and export growth are expected to surge, driven by its large consumer market of over 270 million people and ongoing efforts to diversify its economy. The country is likely to benefit from supply chain shifts, with its manufacturing sector expanding beyond traditional areas like textiles and footwear into more advanced industries.

Indonesia's strategic location, abundant natural resources, and improving infrastructure make it an attractive hub for both regional and global trade. The government's focus on economic reforms and digital transformation is expected to further boost its appeal to international businesses.

4. Mexico: The nearshoring beneficiary

Mexico is well-placed to become one of the top export countries, benefiting significantly from nearshoring trends as companies seek to move production closer to North American markets. Its strategic location, competitive labour costs, and free trade agreements, including the USMCA, make it an ideal choice for manufacturers looking to serve the US and Canadian markets efficiently.

Simultaneously, Mexico is likely to see growth as one of the top import countries, particularly for components and machinery to support its expanding manufacturing base. The country's automotive, aerospace, and electronics sectors are expected to drive much of this growth, cementing Mexico's position as a key player in global supply chains.

5. Brazil: Latin America's largest market

Despite economic challenges, Brazil remains a key market in Latin America and one of the best countries for import/export business. Its large, young population and increasing digitalization are driving both domestic consumption and technological advancement. Brazil's diverse economy, ranging from agriculture and manufacturing to services and technology, offers a wide array of opportunities for international trade.

The country's export potential lies in its strong agricultural sector, growing tech industry, and natural resources. On the import side, Brazil's need for high-tech equipment, consumer goods, and industrial inputs makes it an attractive market for foreign suppliers.

6. Southeast Asian countries (Malaysia, Thailand, Philippines)

The ASEAN bloc, particularly Malaysia, Thailand, and the Philippines, is poised to become a collective powerhouse among the top import countries and top export countries. These nations are benefiting from manufacturing shifts out of China, attracting foreign investment and boosting their export capabilities.

Malaysia, with its advanced infrastructure and skilled workforce, is excelling in electronics and electrical products. Thailand continues to be a major automotive manufacturing hub, while also expanding into high-tech industries. The Philippines is making use of its large, English-speaking workforce to grow its services exports, particularly in IT and business process outsourcing.

All three countries are likely to see increased imports of raw materials and components to support their growing manufacturing sectors, making them some of the best countries for import/export business in the coming years.

7. African countries: The next frontier

Several African nations are emerging as promising markets for both imports and exports. Countries like Nigeria, Kenya, and Ghana are experiencing rapid urbanization and have young, growing populations, creating significant demand for consumer goods and infrastructure development.

Export growth potential varies by country but is particularly strong in sectors such as agriculture, minerals and, increasingly, technology services. The African Continental Free Trade Area (AfCFTA) agreement is expected to boost intra-African trade, potentially making the continent a more attractive destination for businesses looking to expand their import/export operations.

8. South Korea: Tech giant and EV leader

South Korea continues to solidify its position as one of the top export countries, particularly in high-tech sectors. As a major player in technology supply chains and the rapidly growing electric vehicle (EV) and battery industries, South Korea is expected to see strong export growth in semiconductors, displays, and EV components.

Simultaneously, the country's advanced economy and innovation-driven industries make it one of the top import countries for high-tech components and specialized raw materials. South Korea's strategic focus on future technologies positions it as one of the best countries for import/export business, especially for companies in cutting-edge industries.

9. Chile: Latin America's commodity powerhouse

Chile is cementing itself as one of the best countries for import/export business, particularly in the context of the global shift towards clean energy. The country's vast reserves of copper and lithium – critical components in electric vehicles and renewable energy technologies – are expected to drive significant export growth.

Chile's stable political environment and open economy make it an attractive destination for foreign investment. The country is likely to see increased demand for its agricultural exports, including wine and fresh fruits. On the import side, Chile's growing economy and tech sector are driving demand for advanced machinery, consumer electronics, and vehicles.

As global efforts to combat climate change intensify, Chile's role in supplying the raw materials for green technologies could see it become an increasingly important player in international trade.

10. United Arab Emirates: The Middle East's trade hub

The United Arab Emirates (UAE) is rapidly emerging as a key player among the top import countries and top export countries, positioning itself as a vital trade and logistics hub. The country's strategic location between East and West, world-class infrastructure and business-friendly policies make it one of the best countries for import/export business.

The UAE's non-oil exports are expected to grow significantly, driven by sectors such as manufacturing, technology, and services. The country's free trade zones and its role as a re-export hub for the wider Middle East and North Africa region contribute to its growing importance in global trade networks.

On the import side, the UAE's affluent consumer market and ongoing infrastructure development projects drive demand for a wide range of goods, from luxury items to construction materials and advanced technologies.