China Leads Global Goods Exports: $3.4 Trillion in 2023 vs. EU's $2.8 Trillion and U.S.'s $2.0 Trillion

From 2000 to 2023, China's goods exports soared from $0.25 trillion to $3.38 trillion, marking an exceptional compound annual growth rate (CAGR) of 12.0%. In comparison, the European Union's exports rose from $0.86 trillion to $2.76 trillion, growing at a CAGR of 5.2%, while U.S. goods exports increased from $0.78 trillion to $2.02 trillion, reflecting a CAGR of 4.2%. This rapid expansion solidified China as the world's largest goods exporter.