These shares followed a relatively flat growth path until the early 1990s. Since then, trade with China has grown strongly, especially OECD goods imports. China’s share of total OECD goods imports grew from 2% in 1990 to 10% in 2005, with more than half of that growth occurring since 2001. Indeed, China is now one of the world’s leading exporters, largely but not only from foreign-owned firms, and with products of increasing sophistication.Click here for larger graph. Goods trade with India has also risen since 1980, but at a much slower pace than with China. However, where India’s trade has grown markedly is in services, yet to a share of world services exports of still only 2.3% in 2005. This is slightly less than half of China’s share and much smaller than the 15% US export share. India’s share of services imports nearly equals its export share. Though the OECD share of world services trade fell from 78 to 75% between 1995 and 2005, OECD countries are still by far the largest exporters and importers of services.©OECD Observer No. 264/265, December 2007-January 2008