📈 China's Share of World Trade Reaches 12.3% in 2023 vs. EU at 11.4% and U.S. at 10.8%

China's share of global goods trade rose to 12.3% in 2023, surpassing the European Union at 11.4% and the United States at 10.8%. From 2000 to 2015, China's share surged from 3.6% to 11.9%, while the EU's share declined from 13.5% to 11.7% and the U.S. share fell from 15.6% to 11.5%. This highlights a transformative shift in global trade patterns.