{"id":3719,"date":"2025-10-29T08:48:15","date_gmt":"2025-10-29T07:48:15","guid":{"rendered":"https:\/\/blogg.lnu.se\/china-research\/?p=3719"},"modified":"2025-10-29T08:48:16","modified_gmt":"2025-10-29T07:48:16","slug":"advanced-countries-lose-and-emerging-markets-gain-export-momentum","status":"publish","type":"post","link":"https:\/\/blogg.lnu.se\/china-research\/?p=3719","title":{"rendered":"Advanced countries lose and emerging markets gain export momentum"},"content":{"rendered":"\n
Below, we examine the WTO statistics on the main exporting nations. Many advanced countries had quite bleak performances in 2024 due to weak global demand. Quite a number of emerging markets on the other hand achieved more favorable developments. The magnitude of trade damage caused by President Trump’s protectionism starting in 2025 remains to be seen.<\/p>\n\n\n\n
China<\/strong> was still the largest exporting nation in the world after a 6-percent increase in current prices last year, giving the Middle Kingdom a global export share of almost 15 percent. This was partly made possible as a result of further Chinese progress in the emerging world, particularly in Africa and South America. China counts for roughly 7 percent of total global goods exports. For 2025, China is predicted to achieve record shipments in Africa, Latin America and Asia.<\/p>\n\n\n\n
India remains lagging behind, Vietnam is catching up<\/strong><\/p>\n\n\n\n
Despite the enormous size of the country, India still has not advanced further than to number 18 of the globe’s leading exporting nations. This is sometimes regarded as disappointing. However, one should remember that India for a long time only had very limited foreign competition at home and for this reason insufficient conditions for exporting to the rest of the world on a broader scale of products. India as a country is still catching up also when it comes to exports and product diversification.<\/p>\n\n\n\n
By the way, only a few emerging markets are among the top 20 exporting nations – but they dominate in the third group from number 21 to 30. Particularly in the medium and longer run, they will most probably improve their positions further.<\/p>\n\n\n\n
In detail, the list of the 30 leading exporters of goods in 2024<\/strong> looked as follows (in billion USD, in brackets all changes in percent and in current prices in, source WTO):<\/p>\n\n\n\n
1 China 3577 (+6) <\/p>\n\n\n\n
2 U.S. 2065 (+2)<\/p>\n\n\n\n
3 Germany 1682 (-1)<\/p>\n\n\n\n
4 Netherlands 921 (-2)<\/p>\n\n\n\n
5 Japan 707 (-1)<\/p>\n\n\n\n
6 South Korea 684 (+8)<\/p>\n\n\n\n
7 Italy 674 (0) <\/p>\n\n\n\n
8. Hong Kong 64z6 (+12)<\/p>\n\n\n\n
9 France 639 (+11)<\/p>\n\n\n\n
10 Mexico 617 (+4)<\/p>\n\n\n\n
11 UAE 604 (+6)<\/p>\n\n\n\n
12 Canada 569 (0)<\/p>\n\n\n\n
13 Belgium 536 (-6)<\/p>\n\n\n\n
14 UK 513 (-2)<\/p>\n\n\n\n
15 Singapore 506 (+6)<\/p>\n\n\n\n
16 Taiwan 474 (+10)<\/p>\n\n\n\n
17 Switzerland 447 (+6)<\/p>\n\n\n\n
18 India 443 (+3)<\/p>\n\n\n\n
19 Russia 433 (+2)<\/p>\n\n\n\n
20 Spain 424 (0)<\/p>\n\n\n\n
21 Vietnam 405 (+14)<\/p>\n\n\n\n
22 Poland 380 (0)<\/p>\n\n\n\n
23 Australia 341 (-8)<\/p>\n\n\n\n
24 Brazil 337 (-1)<\/p>\n\n\n\n
26 Malaysia 330 (+6)<\/p>\n\n\n\n
26 Saudi Arabia 305 (-5)<\/p>\n\n\n\n
27 Thailand 301 (+5)<\/p>\n\n\n\n
2 Indonesia 265 (+2) <\/p>\n\n\n\n
29 Czech Republik 263 (+3)<\/p>\n\n\n\n
30 Turkey 262 (+2)<\/p>\n\n\n\n
Source: WTO.org<\/p>\n\n\n\n
Asia in the lead regarding suppliers from emerging countries<\/strong><\/p>\n\n\n\n
Interestingly, Asian emerging countries had the most successful export performance in 2024 (but again, without knowing how much they are now affected by Trump\u2019s ongoing protectionism). This position can be expected to remain in place in the foreseeable future. It also should be mentioned that particularly Vietnam benefited more recently from shifting global supply chains.<\/p>\n\n\n\n
Surprisingly, Russia remained also in 2024 quite a successful exporting nation due to oil and gas exports to China, India and other countries still dealing substantially with Russia.<\/p>\n\n\n\n
Conclusion: <\/strong>Trade statistics from the WTO remain illuminating, especially on the corporate level \u2013 for both purchasing, sales and production managers.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Hubert Fromlet<\/em><\/strong> Affiliate Professor at the School of Business and Economics, Linnaeus University<\/p>\n","protected":false},"excerpt":{"rendered":"
Below, we examine the WTO statistics on the main exporting nations. Many advanced countries had quite bleak performances in 2024 due to weak global demand. Quite a number of emerging markets on the other hand achieved more favorable developments. The magnitude of trade damage caused by President Trump’s protectionism starting in 2025 remains to be […]<\/p>\n","protected":false},"author":126,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18946,545,13624,18943,13398,10503,13620,13622,18944,13621],"tags":[],"class_list":["post-3719","post","type-post","status-publish","format-standard","hentry","category-africa","category-argentina","category-asia","category-brazil-and-mexico","category-china-2","category-other-emerging-markets","category-previous-articles","category-india","category-mexico","category-russia"],"acf":[],"yoast_head":"\r\n
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