Asia’s Growing Global Dominance In Trade, 2017 & 2040 (forecast)
Published date 20 December 2022
Considering the trade flow, the majority of the trade is flowing to or from China, the USA, or the EU. China’s exports were US$ 3.4 trillion in 2021 (15.1% of global trade exports) followed by the USA that exported US$ 1.8 trillion worth of goods (7.9% of global trade exports). In the top 20, 7 European countries accounted for US$ 4.6 trillion worth of exports (20.6% of global exports), two of which are in the top five, including Germany and Netherlands. Rounding out the top five is Japan accounting for US$ 0.8 trillion (3.4%) of exports.