Thursday, January 30, 2025

The USA is Closing for Business

animated map with countries colored each year to show whether the USA or China was the larger trading partner. From 2000-2003 countries around the world turn red from blue as China becomes the world's dominant economic force

This animated map from the Lowy Institute shows whether the USA or China was the larger trading partner for countries around the world each year this century (up to 2023). The map provides a stark visualization of the economic shift away from the United States and toward China in the 21st century.

According to the Lowy Institute, around "70 per cent of economies trade more with China than they do with America, and more than half of all economies now trade twice as much with China compared to the United States." At the beginning of this century the situation was very different, when more than 80 percent of countries traded more with the USA than with China.

The map allows users to view the largest trading partner for each country (limited to China and the United States) in terms of two-way trade, imports, or exports. In terms of exports, the United States remains a larger export destination than China for more than half of all economies. However, given Donald Trump’s constant threats to impose tariffs on other countries, it is evident that he aims to weaken the United States' appeal as an export destination. What is less clear is how he plans to increase the United States' own exports.

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