Regions and Countries - Leaders of Modern World Trade: What's New?

Abstract

This article analyzes the main parameters of world trade in goods and services by aggregated export and import items, by regions of the world and leading countries. As a result of the changing geopolitical situation in the world, when developing countries are trying to change the old world order (with the hegemony of Western countries over the United States), the conditions of world trade and the share of certain countries in global export and import indicators are changing. The analysis of world trade is based on statistical data from the UN, WTO and other international organizations. The change of world trade leaders at the regional level has been revealed. Thus, Asia's leadership is fixed in commodity exports and imports, but the developed countries of the West lead in the export of commercial services. The leader of world trade is currently China, ahead of both the United States and Germany.