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Some countries and regions experience economic disparities in international trade. In 2021, global trade volume reached approximately $28.5 trillion. Western Europe and North America accounted for 54% of total trade, while Africa contributed only 3%. China is the largest exporter, with exports reaching $3.5 trillion in 2022. International trade disparities demand specialization from developing countries, often hindering their economic growth
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#globalization#international trade#economic disparities
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