China Overtakes the US in Export Dominance

China has become the world's largest exporter, surpassing the United States. Initially an insignificant player in global trade, the "Bamboo Curtain" nation transformed itself into one of the world's largest economies starting in the early 2000s.

Since 2017, China has led the world in export performance. According to World Bank data, the country's exports of goods and services reached US$2.42 trillion, exceeding US exports of US$2.35 trillion. Similarly, in 2018, China's exports were higher than those of the United States, as shown in the graph.

Chinese-made goods, from household appliances and electronics to textiles and automobiles, have flooded the global market. Competitive pricing is one of the key advantages of these products.

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