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全球贸易系列研究之一:贸易格局变迁中,谁是耀眼的那颗星?
Guohai Securities·2025-09-11 10:31

Group 1: Historical Trade Patterns - In the 1940s, the US dominated global trade, with a GDP share of approximately 40% and manufacturing output accounting for 50% of the global total[4] - By 1948, US merchandise trade accounted for 17.2% of global trade, with exports making up 21.6%[19] - In the 1950s, West Germany's export share rose from 1.8% in 1948 to 8.7% by 1962, with a trade surplus rate of 3.65% in 1957[5] - Japan's global merchandise export share increased from 0.4% in 1948 to 6.9% in 1972, reaching 7.5% by 1978[32] Group 2: Economic Growth and Trade Strategies - The Marshall Plan provided $13.3 billion (equivalent to $150 billion in 2017) to 16 European countries from 1948 to 1951, aiding in post-war recovery[20] - Japan's export growth rate averaged 16.8% in the 1960s, more than double the global trade growth rate during that period[30] - The "Asian Tigers" saw their global trade market share increase from 2.4% in 1970 to 10% by 1993, with export market share rising from 3.8% in 1980 to 10.1% in 1994[35] Group 3: China's Trade Expansion - China's merchandise trade share rose from 3.6% in 2000 to 13.1% by 2020, with exports increasing from 3.9% to 14.7% during the same period[48] - By 2024, China's total merchandise trade is projected to reach $6.2 trillion, a 292-fold increase from 1978 and 13 times that of 2000[10] - The share of exports to the US, Japan, and the EU decreased from 53% in 2000 to 33% in 2024, while ASEAN's share increased from 7% to 16.4%[10]