Resources

The six major countries in South East Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of USD 3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world. It would also have the eighth largest consumption expenditure globally.

The region is among the fastest growing in the world, with ASEAN (Association of Southeast Asian Nations) having witnessed an average annual GDP growth of 5.3% between 2000 and 2018, supported by an increasingly well-educated workforce, abundant natural resources and favorable geographic location at the heart of the Asia-Pacific region. In 2019, it was the fourth largest export destination for the US, after Canada, Mexico and China, receiving USD 108 billion worth of exports originating from the US.

While nearly every sector in the six major South East Asian countries have been adversely affected by the outbreak, the virus is also creating opportunities by realigning supply chains, accelerating digitalization and automation, and driving medical sector innovation.

This report provides an overview of the economic impact and key business trends resulting from the COVID-19 pandemic, as well as specific opportunities for Virginia exporters in SE Asia. For each of the six key markets you will find the following:

• Snapshot of the Manufacturing Sector
• Industrial Automation
• Plastics
• Automotive

The six major countries in South East Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of USD 3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world. It would also have the eighth largest consumption expenditure globally.

The region is among the fastest growing in the world, with ASEAN (Association of Southeast Asian Nations) having witnessed an average annual GDP growth of 5.3% between 2000 and 2018, supported by an increasingly well-educated workforce, abundant natural resources and favorable geographic location at the heart of the Asia-Pacific region. In 2019, it was the fourth largest export destination for the US, after Canada, Mexico and China, receiving USD 108 billion worth of exports originating from the US.

While nearly every sector in the six major South East Asian countries have been adversely affected by the outbreak, the virus is also creating opportunities by realigning supply chains, accelerating digitalization and automation, and driving medical sector innovation.

This report provides an overview of the economic impact and key business trends resulting from the COVID-19 pandemic, as well as specific opportunities for Virginia exporters in SE Asia. For each of the six key markets you will find the following:

• Snapshot of Healthcare System
• Medical Devices & Equipment
• Healthcare IT
• Biotechnology R&D

Over the past two decades, Peru has become one of Latin America’s fastest growing and most macro-economically stable nations. Solid economic management, prudent fiscal policies and openness to trade have enabled Peru to not only reduce poverty from over 50% to less than 23% in less than 10 years but also to become one of the region´s most dynamic business environments.

The downside to Peru’s strong and enviable economic growth over the past two decades has been the explosion of social conflicts, which sometimes result in violence. Increased investment in oil, mining, and natural gas projects has encountered opposition from indigenous communities due to the resulting environmental degradation and social impact.

The demand for residential, industrial, and office security equipment continues strong in Peru. Public opinion polls across the country acknowledge that people have a relatively high sense of insecurity, with many people having been a victim of robberies or home break-ins. Government agencies, private companies and households invest in a broad range of security equipment and solutions to mitigate security threats.

This report looks at emerging trends and opportunities for Virginia companies to provide Port, Personal, and Cybersecurity solutions in Peru, as well as list of tips to consider as companies prepare their market entry strategy for Peru.

Mexico is now the 8th largest producer of manufactured goods the world, and manufacturing is nearly one-fifth of its national productivity. Many parts of Mexico have been transformed completely.

This report presents a set of needs, challenges and requirements that match well with a range of capabilities offered by Virginia exporters. Virginia’s service experience with IT, data and process management, and training and education are particular strengths that can complement Mexican manufacturing, as are certain specialized manufacturing processes and materials. Many more Virginia companies offer expertise in logistics and security.

Additionally, the report provides a "close-up" on aerospace manufacturing, and information on North American integration highlighting both USMCA and anticipated recalibration of global supply chains in favor of the Western Hemisphere .

Europe’s ICT sector has grown significantly over the past 5 years, where other global tech sectors have stagnated. Europe’s ICT imports in 2019 were valued at 338 billion Euros, up 20 billion Euros from 2018. Consumers are driving innovation from major tech companies, and European consumers are globally viewed as early adopters of tech.

COVID-19 is set to have an impact on ICT revenue in Europe, however, scenarios still predicts growth in 2020. The pandemic is creating new opportunities for cloud service vendors who have seen an increase in demand across the region. The pandemic is the unexpected catalyst for tech adoption, as COVID-19 sees a range of changing consumer behavior (more online shopping, digital payments, distance learning, and tele-health).

This report further examines the following ICT sub-sectors in Europe:

• E-Health
• Cybersecurity
• FinTech
• Artificial Intelligence (AI)
• Internet of Things (IoT)

Mexico’s passenger demand was once almost fully driven by passengers on private flights and international travelers flying commercially. After 2015 regulatory changes, and following global trends in low-cost air travel, Mexico’s domestic passenger service demand has accelerated and is now on par with international passenger services in terms of seats sold per year. The number of cargo flights within Mexico has also increased significantly.

Mexico continues to have a busy market for private flights, both rotary and fixed-wing. Full of wide-open spaces, with mining, agriculture and other remote industrial operations, Mexico also historically lacked a safe, modern road network. It is still the 2nd-most active market in the world after the United States for private jet travel and for air/helitaxis. Mexico’s top cities are all busy for helicopter traffic, as is the Gulf region, which is the hub for offshore oil activity.

Many Virginia aviation products and services, including those related to drones, can expect solid demand in Mexico despite or even because of the global coronavirus pandemic. This report assesses market scope and opportunities in scheduled and private civil aviation, both manned and unmanned. The report analyzes demand derived from Mexico’s cargo, passenger, and specialized commercial operations.