The image below illustrates how world trade has changed between 2000 and 2024.
2000: #The US dominated world trade, with the most countries having the US as their largest trading partner (marked in blue).
2024: #China’s trade has grown by over 1,200% (11.3% CAGR) and is now the dominant partner for large parts of the world, including Africa, Latin America, Asia and even some European countries.
China surpassed the US as the world’s largest trading partner in 2012 and has continued to expand. Today, annual trade amounts to:
🔹US: $5.3 trillion
🔹China: $6.2 trillion
The US remains an economic powerhouse, but China’s growing dominance is changing the global trade landscape.
For companies and investors, it is crucial to spread risk and adapt to new market conditions. Emerging markets such as Africa, SoutheastAsia and LatinAmerica are becoming increasingly important, and strategies are required to navigate the new trading order.
On 8 March 2025, we celebrate International Women’s Day under the theme, “For ALL Women and Girls: Rights. Equality. Empowerment.”
Let’s make it 365 days a year.
This is for my two daughters and all women in customs.
The opportunities offered to us by our oceans are immense, under certain conditions. We need to put ourselves in a position to ensure that our oceans serve our economies in a sustainable manner,” said Pascal Lamy, Former WTO Director-General and Chair of the Blue Economy and Finance Forum, at the 5th UN Ocean Forum this week in Geneva.
The event brings together global leaders, experts, and stakeholders to align trade and economic policies with ocean sustainability and the sustainable use of marine resources.
Join us in Geneva & online ▶️ https://ow.ly/caTi50V2CWu
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