Markets
Visualizing Countries Grouped by Their Largest Trading Partner (1960-2020)
Amidst supply chain issues and inflated shipping costs, global trade continued to grow last year, reaching an estimated $28 trillion in 2021—a 23% increase compared to the year prior.
Which countries are the central nodes of the global trade network? While China is currently the world’s largest trading partner, this hasn’t always been the case.
This series of graphics by Anders Sundell outlines the history of the world’s biggest trade hubs, showing how the landscape has evolved since 1960. Using netgraphs, each visual connects countries to their primary trading partner, using data that includes both imports and exports.
1960: A Period of U.S. Trade Dominance
International trade has existed for millennia, and had previously been accomplished through famous trade routes like the Silk Road, which transported luxury goods from China to Europe since the first century BCE.
However, our story begins in the 1960s—just before containerization spread from the United States around the world, transforming global trade forever.
View the full-size infographic
In the 1960s, the U.S. was experiencing its post-war economic boom. Consumer spending was driving swift economic growth, and a rising middle class led to increased demand for luxury goods like TVs and cars. In response to this rising demand, U.S. factories that had been essential to the war effort swooped in quickly, and domestic production began to thrive.
Around the same time, legislation that encouraged international trade was being passed through Congress. In 1962, President John F. Kennedy signed the Trade Expansion Act into law, allowing the American government to negotiate massive tariff cuts with other countries. This ultimately led to the Kennedy Round two years later, which was a series of trade negotiations that resulted in lower tariffs and reduced barriers on exports for developing countries.
Across the pond, Europe was going through its own series of changes in the 1960s. While Britain was the most important player in trade in Europe at the time, the country was also struggling to recover from the financial burden of the two world wars.
Simultaneously, European countries were also banding together in an attempt to balance power and eliminate hegemony within Europe. In 1960, the European Free Trade Association (EFTA) was created, creating free trade agreements between Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and the United Kingdom.
1990: The Emergence of China
By 1990, the world’s international trade landscape was on the cusp of dramatic change.
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For starters, Britain’s global trade dominance had dwindled further, and a newly united Germany had stepped up to pick up the slack. Germany’s automobile industry started to expand rapidly around this time. In 1990, Germany exported 2.6 million cars worldwide, which was fewer than Japan shipped that year, but still enough to make Germany one of the most important trade hubs at the time.
1990 was also around the same time that China was starting to emerge as a global leader. The country’s economy had been picking up steam over the previous decade, thanks to a series of reforms brought on by then-leader Deng Xiaoping that were created to encourage foreign investment and boost international trade.
This new focus on economic growth in China spurred the rapid expansion of free trade zones in the country, which granted certain areas special liberties on importing and exporting goods.
Throughout the 1990s, China’s economic prosperity continued, and its role in international trade became increasingly significant. Finally, at the end of the decade, China became a member of the World Trade Organization, giving the country an unparalleled opportunity to establish itself further as a major global trading partner.
2020: A New World Order
By 2020, China had overtaken the U.S. as the world’s biggest trade partner. But as the country’s influence grew, so did tensions between the U.S. and China.
View the full-size infographic
In 2018, the Trump administration set tariffs on more than $360 billion in goods, in an effort to encourage Americans to purchase domestic products. In response, China set its own tariffs on more than $110 billion worth of U.S. goods.
The conflict is still ongoing, and so far, there’s no clear winner in sight. The tariffs and trade barriers have hurt both countries, and with bilateral trade sputtering, many are left wondering if the peak of globalization is well behind us.

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Business
Mapped: The World’s Top Financial Centers in 2025
See which cities are dominating global finance in this 2025 ranking of the world’s top financial centers.

Mapped: The World’s Top Financial Centers in 2025
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
- The 37th edition of the Global Financial Centres Index (GFCI 37) ranks the competitiveness of 119 financial hubs
- Little has changed at the top of the index, with New York, London, and Hong Kong continuing their long-standing dominance
Financial centers are a core pillar of the modern economy, channeling capital, facilitating trade, and driving innovation across the world.
In this graphic, we visualized the world’s top 40 most competitive financial centers, using data from the 37th edition of the Global Financial Centres Index (GFCI 37).
Data & Methodology
The GFCI 37 was compiled using 140 quantitative measures from sources like the World Bank, OECD, and UN.
These measures are combined with assessments collected by respondents to the GFCI online questionnaire. In total, the GFCI 37 used 31,314 assessments from 4,946 respondents.
The data we used to create this graphic is listed below.
City | GFCI 37 Rank | GFCI 37 Rating |
---|---|---|
🇺🇸 New York | 1 | 769 |
🇬🇧 London | 2 | 762 |
🇭🇰 Hong Kong | 3 | 760 |
🇸🇬 Singapore | 4 | 750 |
🇺🇸 San Francisco | 5 | 749 |
🇺🇸 Chicago | 6 | 746 |
🇺🇸 Los Angeles | 7 | 745 |
🇨🇳 Shanghai | 8 | 744 |
🇨🇳 Shenzhen | 9 | 743 |
🇰🇷 Seoul | 10 | 742 |
🇩🇪 Frankfurt | 11 | 741 |
🇦🇪 Dubai | 12 | 740 |
🇺🇸 Washington DC | 13 | 739 |
🇮🇪 Dublin | 14 | 738 |
🇨🇭 Geneva | 15 | 737 |
🇱🇺 Luxembourg | 16 | 736 |
🇫🇷 Paris | 17 | 735 |
🇳🇱 Amsterdam | 18 | 734 |
🇺🇸 Boston | 19 | 733 |
🇨🇳 Beijing | 20 | 732 |
🇨🇭 Zurich | 21 | 731 |
🇯🇵 Tokyo | 22 | 730 |
🇨🇦 Toronto | 23 | 729 |
🇰🇷 Busan | 24 | 728 |
🇯🇪 Jersey | 25 | 727 |
🇺🇸 Miami | 26 | 726 |
🇨🇦 Montreal | 27 | 725 |
🇦🇺 Melbourne | 28 | 724 |
🇬🇧 Edinburgh | 29 | 723 |
🇦🇺 Sydney | 30 | 722 |
🇨🇦 Vancouver | 31 | 721 |
🇬🇧 Glasgow | 32 | 720 |
🇨🇭 Lugano | 33 | 719 |
🇨🇳 Guangzhou | 34 | 718 |
🇨🇳 Qingdao | 35 | 717 |
🇺🇸 San Diego | 36 | 716 |
🇩🇪 Berlin | 37 | 715 |
🇦🇪 Abu Dhabi | 38 | 714 |
🇨🇳 Chengdu | 39 | 713 |
🇯🇵 Osaka | 40 | 712 |
Areas of Competitiveness
The quantitative factors used in the GFCI model are grouped into five areas of competitiveness:
- Business environment: Transparency and stability of systems, regulatory complexity
- Human capital: Access to skill professionals, investment in education
- Infrastructure: Quality of physical and digital infrastructure
- Financial sector development: Accessibility to clients, development of digital solutions
- Reputation: Trustworthiness of legal and regulatory systems
Regional Insights
We’ve summarized the main highlights from each GFCI region below.
North America
North America has four centers in the top 10: New York, San Francisco, Chicago, and Los Angeles. The most improved within North America are Miami and Vancouver, which both climbed over 10 places in the ranking.
Western Europe
London is the region’s dominant center, with seven other cities featuring in the top 20. The average rating across Western Europe increased by 2.14%.
Asia Pacific
Asia Pacific has six centers in the top 20, with four belonging to China (Hong Kong SAR, Shanghai, Shenzhen, Beijing). Looking elsewhere, Hangzhou, New Delhi, Kuala Lumpur, Ho Chi Minh City, and Manila all rose six or more places.
Middle East & Africa
The region’s leading centers are Dubai and Abu Dhabi, with Dubai climbing four places to 12th in GFCI 37. Meanwhile, Tel Aviv, Kuwait City, and Johannesburg each fell more than 10 places.
Latin America & The Caribbean
São Paulo rose seven places this year, making it the leading financial center in the region.
Learn More on the Voronoi App 
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