The Rise and Fall of China’s Trade Intensity: From Export Surge to Economic Rebalancing
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.
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.
As the world’s leading importer, U.S. imports over nearly four decades have reflected the evolving patterns of global trade.
The 11 ASEAN economies are integrated into a diverse bloc in Southeast Asia, a region that is now the world’s leading conduit between East and West.
Vietnam, Ireland and the UAE led export growth among large economies, while Djibouti, Guyana and Armenia stood out among smaller exporters.
China is the global leader in high-tech exports, and Asian economies feature prominently among the top ten exporters.
Vietnam has a USD 459 billion economy (2024) and real GDP growth of 7%.
With rapid GDP growth, expanding trade networks and investment inflows, Southeast Asia retains its enduring appeal as a vital destination for multinational corporations seeking to diversify their supply chains and tap into Asia's growing consumer markets.
Vietnam's sustained export growth, diversification and economic resilience make it a key player in global trade.