Visual Capitalist consistently produces pictorials that make arcane economic concepts readily understandable. The following graphic depicts the percentage of global exports attributable to various countries over time and you will note the significant ebbs and flows.
The UK and Germany were responsible for almost 40% of global exports in the late 1800’s only to decline to a combined total of 9% today. With many economies still recovering from the Second War, the U.S. accounted for 21.6% of exports in 1948 before beginning a slow decline to a still healthy 8.5% in 2022. As noted in the small box on the graphic, Japanese exports of electronics allowed it to achieve global market share of 8.2% in 1990 although it has since fallen to a still respectable 3.1%. And, most important, China has grown from around 2% in 1990 to a dominant position of 14.8% currently.