📈 The Rise of China and the Decline of Japan in Global Exports

In 1958, China and Japan each accounted for approximately 2.5% of global exports. Japan’s share climbed to a peak of 10% in 1986, while China’s share declined to 1.4%. However, since the mid-1990s, Japan’s share has steadily fallen to 3% by 2023, whereas China’s exports surged to 14.2%, marking a significant shift in global trade leadership.