Just two decades ago, China was far behind the leading exporters of goods worldwide. Today, it is the world’s top exporter, surpassing the United States as the largest supplier of products to every corner of the globe.
Based on the latest available data, which covers the year 2016, China exported goods worth $2.06 trillion, nearly 10 times what it exported in 1996. The U.S. was well behind at $1.42 trillion, while the European Union, with 28 member countries, exported slightly more than China ($2.26 trillion). However, the U.S. continues to be number one for exports of high-end goods, such as satellites and aircrafts.
China is investing heavily in infrastructure to facilitate trade, with the key focus being the construction of new trade routes, called “silk roads”, that stretch across continents.
For more information, contact David Lychek, Manager – Ocean & Air Services.
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