Source: CEIC, Continuum Economics
Trade has been shifting away from the U.S. and toward China. Amid China’s rise, Asia’s exports to the U.S. have decreased to ~12% in recent years.
€20 million (~$25 million)
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% export to China
or 4 percent of annual revenue
% export to U.S.
ASIAN COUNTRIES RELY MORE ON CHINA FOR EXPORT GROWTH