The Long Shift in Global Trade Since 1948 and China’s Rise
Since 1948, global merchandise trade has shifted decisively away from the Atlantic economies toward Asia.
Since 1948, global merchandise trade has shifted decisively away from the Atlantic economies toward Asia.
Europe’s scale and diversified demand make it a stabilising force in China’s export landscape, with steady export growth over the past decade.
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%.