Abstract
Exports in world trade in 2023 reached approximately USD 30.9 trillion in goods and services. This reflects the recovery and growth of the global economy. In recent years, the Asia-Pacific region has become the epicenter of economic growth, with emerging markets such as China and India becoming major drivers of exports. On the other hand, in developed countries, technological innovation and high value-added products have become important export items, with IT-related, pharmaceutical, and machinery industries in particular seeing growth. Furthermore, trade in services has also expanded significantly, with digital services and financial services playing an important role. As trade diversifies, new issues such as environmental issues and geopolitical risks are emerging. Overall, the evidence shows that global trade continues to grow while adapting to a changing economic environment.
Exports of goods and services (usd)
Looking at the data for sales (goods and services) of the world economy from 1960 to 2023, it peaked at 31.4 trillion USD in 2022. This reflects the growth and diversification of the global economy. In particular, in recent years, digitalization and globalization have become more prominent, and the rapid growth of information technology and the service industry has brought about major changes in the composition of products for sale. In developed countries, exports of high value-added goods and advanced services are on the rise, while in emerging countries, manufacturing and resource-related exports are dominating. Moreover, the 2023 data shows a return to a level of around 98.3% of the peak, which is still a high level and demonstrates the resilience and adaptability of the economy. Although environmental issues and geopolitical risks are beginning to have an impact, stable growth is expected in the long term. In particular, the restructuring of global supply chains and the expansion of the digital economy will be key factors supporting future growth in the retail market.
The maximum is 24.5TUSD[2022] of World, and the current value is about 95.2%
Exports of goods and services (usd) (worldwide)
Based on data from 1960 to 2023, China’s exports of goods and sales of services peaked at USD 3.72 trillion in 2022. This is a strong indication of China’s economic growth and expanding international trade. Through rapid industrialization and technological innovation, China has established itself as an export powerhouse, primarily in manufacturing. Recently, the service industry and exports of high value-added products have also increased, and the economy is becoming more diversified. However, by 2023, it will fall to 94.5% of its peak level. This could be due to fluctuations in the global economic environment, geopolitical risks, trade wars, or domestic economic adjustments. Nevertheless, China remains a major player in the global economy and is expected to continue to grow economically in the long term due to an expanding consumer market and technological innovation. In particular, environmental considerations and the development of the digital economy will be important factors supporting future growth.
The maximum is 3.35TUSD[2022] of China, and the current value is about 95%
Exports of goods and services (usd) (World Countries, latest year)
According to data for 2023, the total value of global exports of goods and services will be USD 24 trillion, with an average of USD 178 billion. China plays a key role in the global economy, accounting for the largest share at USD 3.51 trillion. The figures reflect China’s growing economic influence, particularly in manufacturing and export-led growth. Historically, China has evolved from a low-cost manufacturing base to a supplier of high-value-added products and services. Meanwhile, in developed economies, services exports will play a key role, with growth particularly notable in digital technology and financial services. More recently, the restructuring of global supply chains and responses to environmental issues are affecting trade dynamics. As China’s economy expands, other emerging markets are also growing, and the global economy is becoming more multipolar.
The maximum is 3.18TUSD of China, the average is 185GUSD, and the total is 21.1TUSD
Exports of goods and services (usd) (region, latest year)
According to data for 2023, the total value of global exports of goods and services will be USD 29.9 trillion, compared to the average of USD 2.72 trillion. The European Union (EU) accounted for the largest share at USD 9.67 trillion, showing that it is a significant player in the global economy. The figures show that the EU has a strong economic base, diversified industries and is a major source of exports. Historically, the EU has demonstrated its strengths in technological innovation and exports of high value-added products and services. In particular, the automotive industry, machinery, chemical products and financial services are major export items. In recent years, there has also been growth in the areas of digitalization and green energy, and efforts towards sustainable economic growth are underway. Meanwhile, emerging markets in Asia and China continue to grow, influencing changes in global supply chains. The European Union is committed to diversifying trade and promoting the digital economy, while maintaining high technological capabilities and product quality in the face of international competition. Overall, as the global economy becomes more multipolar, the characteristics and strengths of each region are becoming more apparent.
The maximum is 6.81TUSD of European Union, the average is 2.7TUSD, and the total is 24.3TUSD
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