In 2000, U.S. trade totaled $2.0 trillion—more than four times China’s $474 billion. At the time, China was the primary trade partner for only a handful of countries, including Cuba, Iran, Libya, Myanmar, Mongolia, North Korea, Oman, Sudan, Tanzania, and Vietnam.
From 2000 to 2024, U.S. trade grew by 167% (4.2% CAGR), while China’s trade surged by 1,200% (11.3% CAGR), surpassing the U.S. in 2012. By 2024, total trade reached $5.3 trillion for the U.S. and $6.2 trillion for China.
China is now the dominant trade partner for most of Asia, Eastern Europe, the Middle East, Oceania, South America, and Africa. Looking ahead, North America, Europe (excluding Russia), North Africa, and India are likely to strengthen trade ties, while China will deepen its connections with emerging markets—importing fuels, minerals, and agricultural goods while exporting manufactured products.
That chart is total bullshit given the subject matter of this thread and you know it.
The chart is correct. However, what is missing is China's import numbers. China runs a trade deficit with much of the world with the exception of the US. If trade with the US decreases it must increase exports to other countries (which the other countries ain't gonna put up with) or greatly curtail their imports. They can decrease their holdings of US treasuries to keep up their imports (this is what they are doing now - just look at the financial markets), but they will eventually run out of Treasuries.
Ok. But it is about bullshit. It's Commie China's stats and they have been fucking with their stats worse than the Russians do. Nobody wants to deliver bad news to Xi, so they don't collect ant data that might lead to that. And what they do say, they lie because that is all they can do w/o data.
Then there is the transhipments through the ASEAN nations for exports that go to the US. That chart 'avoids' mentioning that while still admitting to it any way.
Whatever the fuck gets made in China that ends up in the US should be counted as such.
Bullshit, QED.
Also only 14% or so of total US GDP involves BOTH imports and exports, total. And of that, 60% involves just trade with CanMex (although this year is probably a hiccup). The US simply isn't a major trading nation, believe it or not. It only appears so because we are such a fucking economic juggernaut that that measily 14% is a huge absolute number, especially in dollar terms. In contrast, 22% of Afghanistan's GDP is tied to foreign trade. That's not counting the 'poppy juice', either. That means Afghanistan's economy is tied more onto world trade than ours is on a non-absolute basis.
Dunno what the stats are for services are. I bet they are more difficult to track since services don't got thru customs.
https://www.voronoiapp.com/trade/-Global-Trade-Dominance-US-vs-China-2000--2024-4080