The global trade scene is a complex network where countries trade goods and services to boost their economies. From everyday items like pens to complex products like cars, the list of traded goods is vast. It covers sectors such as clothing, electronics, and even oil1.
Exports of Goods and Services by Country in 2023
Flag | Country | Exports (USD) |
---|---|---|
๐จ๐ณ | China | 3,812,772,742,385 |
๐บ๐ธ | United States | 2,947,689,788,879 |
๐ฉ๐ช | Germany | 2,114,123,856,011 |
๐ณ๐ฑ | Netherlands | 1,014,703,083,148 |
๐ฌ๐ง | United Kingdom | 1,014,124,203,664 |
๐ซ๐ท | France | 971,714,283,608 |
๐ฏ๐ต | Japan | 886,538,591,847 |
๐ฎ๐น | Italy | 801,178,058,113 |
๐ธ๐ฌ | Singapore | 766,728,206,046 |
๐ฐ๐ท | South Korea | 765,248,852,999 |
๐ฎ๐ณ | India | 741,371,712,414 |
๐ง๐ช | Belgium | 707,931,026,790 |
๐จ๐ฆ | Canada | 691,729,842,930 |
๐ฒ๐ฝ | Mexico | 629,024,084,590 |
๐ช๐ธ | Spain | 588,436,233,819 |
๐ญ๐ฐ | Hong Kong | 576,144,440,140 |
๐จ๐ญ | Switzerland | 568,675,248,222 |
๐ฎ๐ช | Ireland | 568,043,863,344 |
๐ป๐ณ | Vietnam | 466,017,789,659 |
๐ต๐ฑ | Poland | 450,452,833,904 |
China leads the pack as the top exporter, dominating since 2009. In 2022, it exported a massive $3.71 trillion worth of goods1. The European Union, viewed as one entity, would also rank high, with $9.3 trillion in exports that year1. This piece will look into the leading exporting countries, their main exports, busiest ports, and their global trade impact.
Key Takeaways
- China has been the largest exporter of goods in the world since 2009, with total exports of $3.71 trillion in 2022.
- The EU region would be the largest exporter in the world, with $9.3 trillion in exports in 2022 if taken as a whole.
- China’s top export product groups in 2022 included electrical machinery & equipment, machinery (including computers), and vehicles.
- U.S. imports from China fell 25% year-to-year from January to May 2023, leading Mexico to replace China as the top U.S. trading partner.
- Global crude oil trade amounted to $1.45 trillion in 2022, with Saudi Arabia, Russia, and the United States among the top exporters.
Introduction
Exports of Goods and Services in 2023 (USD)
Source: World Bank, ITC, 2023
In today’s world, exports are key to economic growth and development. They let countries sell goods and services abroad. This helps them use their strengths, reach more customers, and earn important foreign money2. Countries with strong exports create jobs, innovate, and improve living standards.
Over the past century, world exports have grown a lot. Today, they are over 40 times bigger than in 19133. Now, exports make up about 25% of the world’s economic output, up from less than 10% before 18703. This growth is thanks to better transportation, communication, and fewer trade barriers.
Countries that do well in exports have big economic benefits. They can make goods more efficiently and sell them cheaper abroad3. This leads to a bigger trade surplus, a stronger currency, and money for investing in new ideas, infrastructure, and social programs.
In a global economy, exports are vital for a country’s wealth. By improving their exports, countries can stay competitive and grow sustainably. This benefits their people23.
China: The Undisputed Leader
China has become the top exporter with the second-largest economy in the world4. Its share of global trade has grown a lot, from almost nothing in the late 1970s to about 15% in 20204. In the first quarter of 2021, China’s exports jumped by 50% year-over-year, reaching around $710 billion4. This shows how strong China is in making goods and being part of the global supply chain.
China’s Major Exports and Busiest Ports
China mainly exports electronics and machinery4. Its busiest ports are Shanghai and Shenzhen, ranking first and third globally4. These ports are key in China’s trade, connecting it to markets worldwide.
But, China’s lead in global trade is weakening4. The Chinese economy is growing up, focusing more on domestic demand than foreign demand. The share of exports in China’s economy is dropping fast4. Rising labor costs and the move to make goods closer to consumers in developed countries also challenge China’s exports4. Political tensions and policy changes might lead to less global trade, affecting big exporters like China4.
Fun Fact: The Great Wall of China’s Mortar
Did you know the mortar for the Great Wall of China was made of sticky rice? This clever material helped build one of the world’s most famous structures. It shows China’s engineering skill and its long history of innovation.
The United States: Economic Giant
The United States is the biggest economy in the world, playing a key role in global trade5. It has a GDP of $28.78 trillion and a per capita GDP of $85,373 in 2024, making it a major economic power5. Exports are a big part of the country’s growth, making up 11.1% of its GDP5.
Top Exports and Busiest Ports
The US is the second-largest exporter of goods globally. Its main exports include things like transistors, aircraft, motor vehicle parts, computers, and telecommunications equipment6. It also exports organic chemicals, automobiles, and medicines6. The busiest ports for trade are Los Angeles, Long Beach, and New York/New Jersey, handling a lot of the country’s international trade6.
Top Destinations for US Exports | Percentage of Total US Exports |
---|---|
Canada | 17.5% |
Mexico | 16.0% |
China | 7.3% |
Japan | 3.8% |
United Kingdom | N/A |
Fun Fact: Pizza Consumption in the USA
Every day, an amazing 100 acres of pizza are served in the United States. This shows how much the country loves this popular dish.
“Americans, making up less than 5% of the world’s population, earn over 20% of the world’s total income.”6
The US’s economic strength is also shown by its real incomes being 9% higher thanks to trade agreements. This means Americans earned $1.5 trillion more in 20136. If all global trade barriers were removed, America’s trade benefits could jump by 50%6.
The US is the second-largest exporter, playing a big role in the global market. With its wide range of exports and key ports, the United States keeps proving it’s a major economic power worldwide5.
Germany: Europe’s Powerhouse
Germany is the third-largest exporter and the biggest economy in Europe. It plays a key role in global trade7. In 2023, its GDP hit โฌ4.121 billion, making it the 4th largest economy globally7. The service sector makes up 70% of Germany’s GDP, showing its strong and varied economy7.
Germany exports a lot of motor vehicles, machinery, and chemicals. Its busiest ports are Hamburg and Bremerhaven7. Even with economic ups and downs, like a decline in output in the first half of 20248, Germany’s exports stay strong. The ifo-Institute says people are more optimistic about exports7.
Top Germany Exports | Germany’s Busiest Ports |
---|---|
Motor vehicles | Hamburg |
Machinery | Bremerhaven |
Chemicals |
Germany is facing challenges like labor shortages and high energy costs7. Yet, it’s still a major player in global trade, thanks to its exports7. The EU Commission predicts Germany will grow by +0.1% in 2024 and 1.0% in 202578. This suggests a bright future for Germany.
Netherlands: Small but Mighty
The Netherlands may be small, but it’s a giant in global trade. It’s the 4th largest exporter worldwide, with its economy ranking 18th globally in 20229. The country’s main export destinations are Germany, Belgium, France, the UK, and the US9.
Its top exports include machinery, chemicals, and mineral fuels9. The ports of Rotterdam and Amsterdam are key, handling big imports like coal and cocoa9.
Fun Fact: Reclaimed Land
A cool fact about the Netherlands is that 17% of its land was reclaimed from the sea or lakes10. This has helped the country grow its territory and increase its agricultural land. Agriculture is a big part of the Netherlands’ exports11.
Key Statistics | Value |
---|---|
Total Area | 41,543 sq km |
Agricultural Land | 55.1% of total area |
Population | 17,772,378 |
Urban Population | 93.2% of total population |
Life Expectancy | 81.9 years |
Obesity Rate | 20.4% |
Health Expenditure | 11.1% of GDP |
Physicians per 1,000 Population | 4.08 |
Hospital Bed Density | 3.2 beds per 1,000 population |
Education Expenditure | 5.3% of GDP |
The Netherlands’ farms are a big part of its exports, bringing in about โฌ25 billion a year with meat, dairy, and veggies11. Most of the country’s land is for farming, with a lot of it being grasslands and a quarter for crops11.
“The Dutch agricultural sector is responsible for the largest release of nitrogen in the environment.”
But, this farming has hurt bird populations, with over 70% fewer birds in farm areas since 196011. The government is now focusing on making farming more sustainable, aiming for circular agriculture by 203011910.
Japan: The Automotive and Electronics Hub
Japan is a key player in the global export scene, ranking as the 5th largest exporter and having the world’s third-largest economy12. It shines in the automotive and electronics sectors, playing a big role in its export success.
The automotive industry is a big part of Japan’s exports, making up 2.9% of its GDP and 13.9% of manufacturing GDP13. Even though most Japanese cars are made outside the country, Japan still shipped $410 billion worth of cars in 2019. This made up 18.6% of its total exports13.
In electronics, Japan is also a big name, with $70 billion worth of electronics exports12. This puts it among the top electronics exporters worldwide, after China, the US, and Hong Kong.
Top Electronics Exporters | Export Value (in billions USD) |
---|---|
China | $700+ |
United States | $170+ |
Hong Kong | $160 |
South Korea | $150 |
Japan | $70 |
Japan sends its cars and electronics to countries like China, the US, South Korea, Taiwan, and Hong Kong12. Its focus on quality, innovation, and technology keeps it at the top in these key export areas.
![Japan exports Japan exports](https://worldstatistics.net/wp-content/uploads/2024/07/Japan-exports-1024x585.jpg)
the biggest exporters in the world
South Korea is a major force in global trade, ranking as the sixth largest exporter with $683 billion in exports in 202214. Its economy thrives thanks to industries like shipbuilding, car making, and electronics. These sectors have pushed South Korea to the forefront of international trade.
South Korea’s Major Exports and Busiest Ports
South Korea sends out semiconductors, petrochemicals, and car parts as its main exports14. The busiest port, Busan, is a key spot for these goods, playing a big role in the country’s trade14. It exports integrated circuits and cars, showing South Korea’s tech and manufacturing strength.
South Korea’s Top Exports | Value (in USD billion) |
---|---|
Semiconductors | $126.6 |
Petrochemicals | $90.7 |
Automobiles/Auto Parts | $71.2 |
Fun Fact: Fastest Internet Speeds
South Korea is famous for its super-fast internet, a title it has held for 12 years. 100% of South Koreans enjoy broadband, making the country a world leader in digital connectivity15.
“South Korea’s export-driven economy has been a key driver of its remarkable growth and development in recent decades, positioning it as a global trade powerhouse.”
Italy: A Blend of Tradition and Innovation
Italy is the seventh-largest exporter in the world, mixing its deep culture with new ideas16. It’s the fourth-largest economy in the Eurozone and the tenth-largest globally, making its exports big news worldwide17.
Major Exports and Busiest Ports
Italy sends out engineering products, textiles, and machinery16. Its busiest ports are Gioia Tauro and Genoa. Gioia Tauro is big for oil imports, and Genoa for steel16. The U.S., Germany, France, and Spain are top buyers of Italian goods, with a $117 billion trade in 202217.
Italy shines not just in traditional areas, but also in new ones. It leads Europe in making bioplastics16 and is a leader in recycling and waste reduction16. The luxury goods sector is booming, with 24 top luxury companies in Italy, mostly in fashion and shoes16.
The agri-food sector is another big deal, with a 137 billion euro turnover. Wine is a top export, making up 20% of processed exports16. Italy is home to almost a third of the world’s Protected Designations of Origin, with 822 out of 3,00016.
Italy’s history and culture boost its economy too. Over 4,400 companies work on preserving historic sites, with a total value of 167 billion euros16.
“Italy is the world’s second most competitive country in the manufacturing sectors, according to the Trade Performance Index 2019.”16
Belgium: A Thriving Trade Center
Belgium is the 8th largest exporter worldwide, a key player in global trade18. Its location in Western Europe makes it a key trade hub. It uses top-notch logistics and transportation to boost trade19.
The country’s economy is strong, with a big focus on trade with other countries18. The UK is a big trading partner for Belgium, but Brexit could lead to job losses18. Belgium also has high social security and taxes, with a total rate of 55.4%, higher than many other countries18.
Despite these issues, Belgium is still a major trade center19. It has a vast road network and handles a lot of freight. Over 10,000 transport companies and more than 85,000 vehicles support its trade needs19.
Belgium is also very competitive, ranking 20th globally19. It exports things like medical products, cars, and petroleum products, showing its diverse economy19. The country is also working on being more sustainable, with low-emission zones in cities19.
![Belgium trade center Belgium trade center](https://worldstatistics.net/wp-content/uploads/2024/07/Belgium-trade-center-1024x585.jpg)
In summary, Belgium is a key player in global trade thanks to its location, infrastructure, and trade environment1819.
France: Diverse and Sophisticated
France is the 9th largest exporter and the 7th largest economy in the world20. It plays a big part in global trade. Its main industries are energy, manufacturing, and transportation. The top buyers of French goods are Germany, Belgium, Italy, Spain, and the United States20.
France exports a wide range of products like machinery, transportation gear, aircraft, and plastics20. This shows its tech skills and creative spirit.
Its ports, Le Havre and Marseille-Fos, are key for moving goods. They handle things like coal, building materials, and crude oil20. The government has helped exporters by lowering taxes. In 2021, it cut production taxes by 15%. Then, in 2022, it made corporate tax 25%20.
Fun Fact: The Shortest Reigning Monarch
Louis XIX is known for having the shortest reign in French history21. He was king for just 20 minutes in 1830 before giving up the throne. This makes him the shortest reigning monarch ever21.
France’s varied exports, strong infrastructure, and supportive policies make it a key player in global trade20. Its rich history and stories, like Louis XIX’s brief reign, fascinate people worldwide21.
Hong Kong: A Gateway to Asia
Hong Kong is a key player in international trade, acting as a gateway to Asia for companies worldwide. It ranks as the 10th biggest exporter globally22 and the 14th largest economy in Asia. Its main export destinations are mainland China, the United States, India, Taiwan, and Vietnam. This shows its vital role in global trade.
Hong Kong’s strategic location and top-notch infrastructure have boosted its status as a trade gateway. With a population of 7.5 million22 and high spending per household22, it’s a prime spot for international businesses. Over half of all Swedish small and medium-sized enterprises in Hong Kong use the city as a gateway to mainland China22. This highlights its role as a link between the West and the East.
The City of Skyscrapers
Hong Kong is famous for its skyline, filled with skyscrapers. It has the most tall buildings in the world, with 482 skyscrapers over 150 meters22. This has earned it the nickname “The City of Skyscrapers,” wowing both visitors and residents with its architecture.
Hong Kong is more than just a trade gateway and a city of skyscrapers. It offers businesses many benefits. Under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), Hong Kong products get zero tariffs in mainland China22. CEPA also helps businesses in services, giving them special treatment22. These advantages, along with its strategic location and infrastructure, make it a top choice for companies looking to grow in Asia.
“Hong Kong offers a rapid process for voluntary registration of medical devices, taking between six months and a year, compared to mainland China where mandatory registration can take between six months and 2.5 years, depending on classification.”
Hong Kong keeps proving itself as a gateway to Asia, offering businesses a chance to reach the region’s vast potential22.
Conclusion
Big countries like China, the United States, Germany, and Japan lead the way in global trade23. They use their strong industries and logistics to send many products around the world23. This helps grow the economy, creates jobs, and makes them important in the global market23.
As the world connects more, these big exporters will keep playing a key role24. The U.S. has seen a big increase in sending agricultural products to China, like soybeans and corn24. The U.S. is also a big player in sending liquefied natural gas (LNG) to other countries, set to make a big impact in the future25.
These countries are changing the way we trade globally232425. They’re driving growth and making themselves key players in the international market232425.
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Source Links
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- Layout 1 – https://www.esteri.it/mae/resource/doc/2021/10/eccellenze2021.pdf
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- Advantages of doing business in Belgium – https://www.wolterskluwer.com/en/expert-insights/doing-business-in-belgium
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- PDF – https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Retail Foods_Paris_France_06-30-2021.pdf
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- Record U.S. FY 2022 Agricultural Exports to China – https://fas.usda.gov/data/record-us-fy-2022-agricultural-exports-china
- U.S. LNG Export Boom: Defining National Interests – https://www.csis.org/analysis/us-lng-export-boom-defining-national-interests