Trade between developing economies has surged dramatically, rising from $500 billion in 1995 to $6.8 trillion in 2025. This now accounts for more than a quarter of total global trade.

In Europe, Germany–China bilateral trade reached $296 billion, positioning China as Germany’s largest trading partner and reinforcing Asia’s growing economic influence.

Meanwhile, the United Kingdom reported a record $338 billion goods trade deficit in 2025. This imbalance was only partially offset by a strong $261.3 billion surplus in services.

Together, these developments highlight a fundamental rebalancing of global trade flows, with emerging economies taking a more central role in shaping the future of international commerce.