High-Tech Manufacturing Export Growth Has Shifted to Asia, But China Remains the Industrial Core
China retains unmatched scale at the centre of global high-tech production, while rapid gains in Vietnam, Mexico and other Asian hubs.
China retains unmatched scale at the centre of global high-tech production, while rapid gains in Vietnam, Mexico and other Asian hubs.
Export growth is now concentrated in fast-industrialising Asia, infrastructure-heavy Middle Eastern economies and new manufacturing hubs in Eastern Europe.
Some manufacturing economies have upgraded to tech-intensive exports while others have plateaued despite scale.
Export growth in emerging markets beyond China is concentrating among a small group of mid-scale exporters outpacing global trade.
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%.