In the 1960s and 1970s, #Europe accounted for 50% of global #trade , followed by the #America at 23% and Asia at 17%. Asia's share of global trade steadily increased, surpassing Europe in 2010. Between 2000 and 2023, Asia's trade volume grew by 385%, compared to 221% for Europe and 213% for the rest of the world. Asia's share of global trade rose from 30% to 39% during this period, contributing 43% of global trade #Growth
China played a pivotal role in Asia's trade expansion, representing 29% of Asia's trade in 2023. Significant milestones include Japan surpassing the United Kingdom in trade volume in 1972, China surpassing the United Kingdom in 2003, Germany in 2009, and the United States in 2013.
