Signal Singapore 18.9%, Japan 15.3%, the US 9.8%, South Korea 7.5% lead cross-border deal counts

Summary

This signal ranks the countries that most often originate cross-border deals into the six Southeast Asian growth markets. From 2017 to 2024, Singapore was the most common source, accounting for 18.9 percent of all such deals. Japan was second with 15.3 percent. The United States followed with 9.8 percent and South Korea with 7.5 percent. Three of the top four sources are Asian advanced economies, and together the four make up just over half of cross-border transactions in the group.