China's growth as a regional hegemon in Asia

Tracking China's trade scale, dependence of key Asian partners, currency influence, and regional equity market signals.

Last updated: Apr 2, 2026, 11:24 PM

China Trade Scale

China Merchandise Exports

China Trade Scale

20.87%

Total goods shipped to the world — the engine of regional economic dependence.

$323.79B

+$55.91B vs 5Y ago

Level

YoY %

+5.26 %

China Merchandise Imports

China Trade Scale

3.91%

What China buys from the world — the demand that binds Asian exporters to Beijing.

$221.27B

$-9.01B vs 5Y ago

Level

YoY %

+3.07 %

China Trade Balance

China Trade Scale

172.61%

Net exports — a persistent surplus reflects manufacturing dominance over the region.

$102.53B

+$64.92B vs 5Y ago

Level

YoY %

+10.32 %

China Share of World Exports

China Trade Scale

6.96%

China's rising share of global merchandise trade — the broadest measure of trade centrality.

0.17share

-0.01 share vs 5Y ago

Level

YoY %

-6.96 %

Regional Trade Partners

Japan Merchandise Exports

Regional Trade Partners

6.16%

Japan's export volume — China is Japan's largest trading partner, making this a dependence signal.

$67.54B

+$3.92B vs 5Y ago

Level

YoY %

+15.92 %

South Korea Merchandise Exports

Regional Trade Partners

39.40%

Korea's export economy is heavily tied to Chinese demand for semiconductors and components.

$71.34B

+$20.16B vs 5Y ago

Level

YoY %

+32.23 %

Australia Merchandise Exports

Regional Trade Partners

0.31%

Australia's commodity exports are dominated by Chinese demand for iron ore and LNG.

$29.19B

+$89.01M vs 5Y ago

Level

YoY %

+9.25 %

India Merchandise Exports

Regional Trade Partners

13.51%

India's export growth — the main regional counterweight to China's economic gravity.

$36.98B

+$4.40B vs 5Y ago

Level

YoY %

+0.38 %

Currency Influence

USD/CNY Exchange Rate

Currency Influence

5.29%

Yuan strength signals Beijing's confidence and willingness to project financial influence regionally.

6.91CNY/USD

+0.35 CNY/USD vs 5Y ago

Level

Change (pp)

-0.35 pp

USD/JPY Exchange Rate

Currency Influence

44.72%

Yen weakness against the dollar compounds Japan's relative decline versus China.

160.2JPY/USD

+49.49 JPY/USD vs 5Y ago

Level

Change (pp)

+9.90 pp

USD/KRW Exchange Rate

Currency Influence

33.94%

Won moves track Korean export competitiveness and capital flow sensitivity to China.

1.51kKRW/USD

+382.6 KRW/USD vs 5Y ago

Level

Change (pp)

+40.66 pp

USD/INR Exchange Rate

Currency Influence

29.25%

Rupee stability signals India's ability to maintain an independent monetary path from China.

94.83INR/USD

+21.46 INR/USD vs 5Y ago

Level

Change (pp)

+9.32 pp

Regional Equity Markets

iShares China Large-Cap (FXI)

Regional Equity Markets

16.12%

Market pricing of Chinese corporate power — the benchmark for regional equity comparison.

$35.56

$-6.83 vs 5Y ago

Level

YoY %

+3.50 %

iShares MSCI Japan (EWJ)

Regional Equity Markets

37.52%

Japan's equity market — tracks whether Japan is keeping pace or falling behind China.

$85.29

+$23.27 vs 5Y ago

Level

YoY %

+36.37 %

iShares MSCI South Korea (EWY)

Regional Equity Markets

48.52%

Korea's equity market — highly correlated with Chinese demand and semiconductor cycles.

$122.9

+$40.14 vs 5Y ago

Level

YoY %

+136.41 %

iShares MSCI India (INDA)

Regional Equity Markets

19.49%

India's equity market — the main alternative growth story to China in the region.

$46.65

+$7.61 vs 5Y ago

Level

YoY %

-8.85 %