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.
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 world’s export landscape has been transformed over the past 80 years, from Trans-Atlantic dominance to Japan’s and China's rise and mega-trading blocs.
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.
China dominates steel production, accounting for 53% of global output and nearly 1 in 5 dollars of steel exports in 2024.
China is the global leader in high-tech exports, and Asian economies feature prominently among the top ten exporters.