How China overtook the US as the world's trading partner

Transcript

In 2,136 countries traded more with America than with China. But watch what happens. America drops all the way down to 39, meaning 97 countries have flipped. How did this happen? Well, if we go back to 2001, that is when China joined the World Trade Organization. In sense, then, it's share of global manufacturing is went from 6% all the way to 30%. What's insane is in 2000, China should mostly cheap toys and clothing, but now they ship higher value industries like tag machinery and cars, especially EVs. In fact, China holds 62% of the global EV market share. And in countries like Brazil, 82% of the EVs on the road are Chinese. You can see on the last 15 years, China has completely overtaken Latin America, especially Brazil, Chile and Peru. Surprisingly, the US still wins Mexico, and in fact, Mexico just replaced China as the United States top trading partner. But now look at Africa. Every country has turned red. And over in the Middle East, China now trades over four times more with Saudi Arabia compared to the United States. In 2004, I'll surely traded more with the US, but now they trade over three times more with China. And China's trade with Russia has exploded. Russia now trades 40 times more with China compared to America. And even if we add Europe in the picture, China has been leading since 2022. So China has completely overtaken global trade, and I don't think tariffs are gonna bring it back. I build this whole trading tool in one afternoon using emergent without even writing a single line of code. I just described it in it, built it, and you can even check out your own country on the map too. Comment trade and I'll send you the map plus the link to build your own tools. And if you build anything cool, please share it with me.

Transcribed automatically from the video, so small errors are possible.