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Shares of global total exports of top largest countries
Comparing with all of the 12 countries, China’s growth in share in exports
is on an exponential rate. 1985, China barely has 1.4% of the shares in
global total exports. However, China's share in world's exports reached 8.8
percent in 2007, currently, the world's second largest exporter, trailing
only Germany by 0.7%.There are several reasons for the accelerated growth.
One of the main reasons is the low cost of production. Other factors
include China’s abundant supply of labor, stage of development, productivity
level, and government’s effort in welcoming international trade; contribute
significantly in the rapid growth of China’s share in global total exports.
Below is the chart of export and import's shares of United States, Germany,
China, Japan, France and United Kingdom amongst global total exports from year 1985 - 2008:
Below is the chart of export and import's shares of China amongst global
total exports in comparison with that of Netherlands, Italy, Canada,
South Korea, Russia, Spain and India from year 1985- 2008:
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