China Leads World's Top 10 Exporters in 2024 with 14.6% Global Share

The latest data from the World Trade Organization (WTO) for 2024 shows China as the world's largest exporter of goods, holding a 14.6% share of global exports valued at $3,577 billion, up 6% from the previous year.

The United States ranked second with $2,065 billion in exports, reflecting 2% growth. The gap between China and the US exceeded $1.5 trillion. China has expanded markets in Africa, Southeast Asia, and Europe despite US tariffs, while the US has focused on self-sufficiency and reshoring supply chains.

The top 10 exporters were:
1. China: $3,577 billion (6% growth)
2. United States: $2,065 billion (2% growth)
3. Germany: $1,682 billion (-1%)
4. Netherlands: $921 billion (-2%)
5. Japan: $707 billion (-1%)
6. South Korea: $684 billion (8% growth)
7. Italy: $674 billion (unchanged)
8. Hong Kong: $646 billion (12% growth)
9. France: $639 billion (11% growth)
10. Mexico: $617 billion (4% growth)

Among major economies, Germany, the Netherlands, and Japan saw slight declines, while South Korea, France, and Hong Kong recorded notable increases. Vietnam led growth among larger and mid-sized economies with 14% expansion, driven by oil, coffee, rice exports, and supply chain shifts.

Hong Kong followed with 12% growth and France with 11%. Declines were sharpest in Australia (-8%), Belgium (-6%), and Saudi Arabia (-5%). China accounts for about 36% of global container shipping exports.

Trends suggest China is on track for a record export year in 2025, focusing on Latin America, Africa, and Asia.