Abstract
Global merchandise exports in 2023 are expected to be USD 23.3 trillion, a strong figure reflecting historical trends. In recent years, the scale of trade has expanded in line with the growth of the global economy. Economic growth in the Asia-Pacific region is particularly notable, with exports from China and India showing a sharp increase. In addition, advances in digitalization and the optimization of supply chains have facilitated the international distribution of goods. On the other hand, geopolitical risks and trade wars are also having an impact, causing fluctuations in the import-export balance. In the future, strengthening environmental regulations and the introduction of new technologies will likely be important factors in striving for sustainable growth.
Merchandise exports(usd)
From 1960 to 2023, world merchandise exports have experienced remarkable growth. In 2022, it hit a record high of USD 24.5 trillion, but will reach 95.2% of that figure in 2023, remaining at a high level. This growth has been underpinned by increasing global economic integration and technological innovation. In particular, economic growth in China and other Asian countries is a major factor in expanding exports, which is shifting the focus of international trade. In recent years, environmental issues and geopolitical risks have influenced trade trends, while digitalization and strengthening of supply chains have improved trade efficiency. In the future, the influence of regulations and policies aimed at sustainable development will also be an important factor.
The maximum is 24.5TUSD[2022] of World, and the current value is about 95.2%
Product export (USD) (all over the world)
From 1960 to 2023, China’s merchandise exports have experienced significant growth. In particular, in recent years, China recorded its highest ever export volume of 3.35 trillion USD in 2022, reaching 95% of that in 2023. Behind this growth lies the rapid development of the Chinese economy, as well as the growth of its manufacturing industry and its active entry into international markets. China has become the world’s center of industrial production, with low-cost mass production and technological innovation contributing to increased exports. Additionally, changes in China’s trade policies and initiatives such as the Belt and Road Initiative are also helping to boost trade. On the other hand, the impact of geopolitical risks and trade friction cannot be overlooked. Looking ahead, stronger environmental regulations and accelerating technological innovation are expected to affect China’s export patterns.
The maximum is 3.35TUSD[2022] of China, and the current value is about 95%
Merchandise exports (USD) (worldwide, latest year)
According to data for 2023, global merchandise exports will reach a total of USD 21.1 trillion, with an average of USD 185 billion. During the year, China was the largest exporter with USD 3.18 trillion, indicating that it continues to be a significant player in the global economy. Over the past few decades, China’s exports have boomed, and it has strengthened its manufacturing sector and established itself as a hub of global supply chains. Additionally, growth across the Asian region is also remarkable, with exports from Japan, South Korea, and Southeast Asian countries remaining strong. In contrast, Western countries have experienced relatively slow growth, and U.S. exports in particular have been affected by increased competition and fluctuating trade policies. Recent trends include an increase in exports of digital and high-tech products, with sustainability and environmental regulations also becoming important factors. Global trade structures continue to change, and new technologies and policies will influence export trends.
The maximum is 3.18TUSD of China, the average is 185GUSD, and the total is 21.1TUSD
Merchandise exports (USD) (region, latest year)
According to data for 2023, total global merchandise exports are estimated at USD 24.3 trillion, of which the European Union is the largest exporter with USD 6.81 trillion. This reflects strengthening European economic integration and trade. Over the past few decades, the European Union has emerged as a highly industrialized economy with strong exports of automobiles, machinery and chemical products. Meanwhile, China and other Asian countries continue to grow rapidly and are solidifying their position in the global economy. In particular, China, as a major exporter of manufacturing products, plays a central role in the global supply chain. Across Asia, countries such as Japan and South Korea are also attracting attention for their exports of highly technological products. On the other hand, U.S. exports, while strong in advanced technology and service industries, are subject to fluctuations in trade policies and international relations. Going forward, sustainability and the development of the digital economy are expected to shape new export trends. The global trade structure is diversifying, and geopolitical risks and technological innovation will continue to influence market trends.
The maximum is 6.81TUSD of European Union, the average is 2.7TUSD, and the total is 24.3TUSD
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