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Shares of global total exports and imports of top largest countries

 

Comparing between the shares of global total exports and imports of United States, Germany, China, Japan, France and United Kingdom between the periods of 1985-2011, USA has the highest amount of shares relative to others. USA’s shares peaked in the year 2000 with 34.5% of shares in global imports and exports; during that year, China has only 7.6%. However, that year also marks a reversal of trend where the shares of USA are on decline to 20.4% in the year 2011. On the other hand, China’s shares in the global total exports and imports have been surging rapidly from 3.5% in 1985 to 19.9% in 2011, close to the shares of USA. China’s large pool of manpower and low cost of labor have provided the comparative advantage for this upcoming trend. China has already overtaken Japan, France and UK. It would not be surprising when China would be able to overtake USA and Germany in times to come.

 

Below is the chart of export and import's shares of United States, Germany, China, Japan, France and United Kingdom amongst global total exports and imports from year 1985 - 2011:

 

Global total exports and imports

 

Comparing with the rest of the countries - Netherlands, Italy, Canada, South Korea, Spain, Russia and India, it can be seen from the below graph the obvious disparity between China and the above-mentioned countries. In 2011, shares of China in global total exports and imports reached 19.9%, while the highest among the countries (which is Netherlands) is 6.9%. This data has revealed the growing importance of China in the global economy. Having significant amount of shares in the global import and export industries would imply that any changes in China’s policies, economy and environment would have an impact on the rest of the world. This impact would be even greater when the shares of China gain a larger proportion in the future.

 

Below is the chart of export and import's shares of China amongst global total exports and imports in comparison with that of Netherlands, Italy, Canada, South Korea, Spain, Russia and India from year 1985- 2011:

 

Shares of global total exports and imports

 

 

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