By Ehsan Soltani – Visual Capitalist
From 2000 to 2024, U.S. trade grew by 167% (a 4.2% compound annual growth rate), while China’s trade surged by 1,200% (an 11.3% CAGR), overtaking the U.S. in 2012. By 2024, total trade reached $5.3 trillion for the U.S. and $6.2 trillion for China.
China is now the dominant trade partner for most of Asia, Eastern Europe, the Middle East, Oceania, South America, and Africa.
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#Chinaisnowthedominanttradepartner