The Global Services Power Landscape: Leaders of the World’s Fastest-Growing Trade Arena
In 2024, the global commercial services trade reached nearly USD 9 trillion, led by a group of economies with deep capabilities.
In 2024, the global commercial services trade reached nearly USD 9 trillion, led by a group of economies with deep capabilities.
Chinese mining M&A surged in 2019-2025, as China locked in supply-critical metals across Africa and Latin America.
China’s import intensity peaked in 2006 and has steadily declined since then as domestic production capacity and internal demand expanded.
China’s trade as a share of GDP rose from 20% in 1980 to a peak of 64% in 2006 before falling to 37% in 2024 as the economy shifted toward domestic consumption.
The EU dominates both markets, while the U.S. and Brazil remain strong exporters. China plays a larger role as an importer.
In 1995, nearly four-fifths of China’s exports went to just ten economies. By 2024, the top-ten's share was reduced to 51%.
China’s rise from 4% of world exports in 2000 to nearly 16% in 2024 reflects a two-decade structural transformation.
China’s rise from a minor exporter to the centre of global manufacturing redefined world trade flows, reshaped supply chains and forced the global economy to evolve.
China’s accession to the WTO accelerated its shift from the “workshop of the world” to a central node of manufacturing, production and demand.
China accounts for 70% of the world's operational high-speed rail, with a network that connects every major city and carries a billion passengers.