Phnom Penh (FN), Apr. 25 – Some economies are heavily reliant on global markets to sustain their growth, while others, like the United States, rely more on domestic consumption.

South Korea topped the list in 2023 with exports making up 38% of its GDP, driven by semiconductors, cars, and petroleum. The EU followed at 37%, with strong internal and external trade.

In North America, Mexico and Canada had export-to-GDP ratios of 33% and 26%, mostly shipping goods to the US, their largest trading partner.

Despite being top global exporters by value, China and the US remain less export-dependent. Still, the US was China’s biggest market in 2023, taking in $436 billion worth of exports.

Rising protectionism and US-China tensions threaten global trade in 2025. With uncertainty mounting, global trade dynamics are set to shift as countries seek new partners and adjust policies.

This article was originally published on Voronoiapp.
=FRESH NEWS