I work at Our World in Data and made this chart for a new section in our topic page on Globalization: https://ourworldindata.org/trade-and-globalization#trade-partnerships

Posted by eortizospina

14 comments

  1. I work at Our World in Data and made this chart for a new section in our topic page on Globalization: [https://ourworldindata.org/trade-and-globalization#trade-partnerships](https://ourworldindata.org/trade-and-globalization#trade-partnerships)

    You can find an interactive version of this chart here: [https://ourworldindata.org/grapher/chinas-rank-in-imports-of-goods](https://ourworldindata.org/grapher/chinas-rank-in-imports-of-goods)

    I made this chart using data from IMF. Imports are valued on a CIF basis (Cost, Insurance, and Freight). This means the values include the cost of the goods, as well as the transport and insurance costs to deliver them to the importing country’s border.

    In terms of tools, I used the OWID Grapher for a first version ([https://ourworldindata.org/faqs#what-software-do-you-use-for-your-visualizations-and-can-i-use-it](https://ourworldindata.org/faqs#what-software-do-you-use-for-your-visualizations-and-can-i-use-it)) and then I made adjustments in Figma.

  2. isnt it because they undermined their own domestic consumer base so that most of the products produced would be sold abroad?

  4. Very good thank you china for your cheap reliable products!

  6. I mean, most western powers swapped to goods beyond the consumer like airplane and satellite parts and also to financial services. The market was just there, companies these days want to cater to the richest 10 percent

  7. what jumped out to me isn’t just “china everywhere”, а how uniform it became. in 2004 you still see regional patterns (ex-colonial ties, neighbors, etc). by 2024 china basically cuts across income level, geography, politics. that screams “manufacturing platform” more than “trade partner”

  8. They are fluting the market all over the world just to creat growth back home. And the more there home turf consumption collapses the more they will have to flut foreign markets.

  9. They are fluting the market all over the world just to creat growth back home. And the more there home turf consumption collapses the more they will have to flut foreign markets.

  10. China joined the WTO around 24 years ago.

    Edit: China officially joined the WTO Dec 11, 2001. 24 years 1 day ago.

  12. And in 2 more decades they will decline in industry just like Japan before them

  14. Maps like this give fuel to the biggest myth about China: that its economy is based on exports.

    In reality, only about 20% of China’s GDP comes from exports, which means it ranks 17 out of 20 in the G20 in terms of export dependence.

    The real lion’s share of China’s GDP is investment, which makes up nearly 60% of GDP, the highest in the G20.

Comments are closed.