Asia’s Top 10 Export Countries – Asian Countries Trade Data

22 January 2020
Asia Trade Data

Asia’s total exports valued US$ 7,983 billion in 2018, which accounted 41.4% to overall value of global shipments. In Asian countries, China supplied goods the most with 31.2% share in value. According to Asia trade data, there was a rise of about 0.5% in the value as compared to the previous year. Asia is the largest continent by area, population and trade as well. Let’s analyse Asia’s export scenario with main focus on business of top 10 exporter countries in the Asian continent.


What is the Global Rank of Asia in Exports?


Asia, undoubtedly rank top in the global exports 41.4% share in value recorded in 2018. Other continents in total accounted for 58.6% to overall value of global export shipments. According to Asian countries customs data, Europe just behind in global exports with 37.5% share in value.



Continent

Value in US$ %

Asia

41.4

Europe

37.5

North America

13.5

South America

2.9

Africa

2.4

Oceania

1.6

 


Top 10 Exporter Countries in Asian Continent


China is top exporter country in the Asian continent, which shared 31.2% value to Asia’s total exports in 2018. China is followed by Japan, South Korea, Hong Kong, Singapore, Taipei, India, United Arab Emirates, Saudi Arabia and Thailand. Below given chart and table shows share in values of these countries which have been recorded on the basis of their export values & Asia’s total export value recorded in 2018. In the later part of the article, you will see every country’s export value, top products and largest export partners.



Country

Value in US$ %

China

31.2%

Japan

9.2%

South Korea

7.5%

Hong Kong

7.1%

Singapore

5.1%

Taipei

4.1%

India

4.0%

United Arab Emirates

3.9%

Saudi Arabia

3.6%

Thailand

3.1%

 


                             1.    China


China shipped goods worth US$ 2,494 billion in 218. China’s main export commodities are electronics (26.64%), machinery (17.24%), furniture (3.87%), plastics (3.21%), vehicles (3.01%), knitted or crocheted apparel & clothing (2.95%) and not knitted or crocheted apparel & clothing (2.86%). China’s top export partners are United States (19.2%), Hong Kong (12.1%), Japan (5.9%), South Korea (4.4%), Vietnam (3.4%), Germany (3.1%) and India (3.1%). Check China export data to view shipment details.


                             2.    Japan


According to Japan export data, the country supplied commodities worth US$ 738 billion in 2018. Main export commodities of Japan are vehicles (20.87%), machinery (20.05%), electronics (14.82%), optical, medical equipment, etc. (6.18%), iron & steel (5.6%), plastics (4.05%), organic chemicals (3.54%) and mineral fuels & oils (2.56%). Japan’s top export destinations are China (19.5%), United States (19%), South Korea (7.1%), Taipei (5.7%), Hong Kong (4.7%), Thailand (4.4%) and Singapore (3.2%).


                             3.    South Korea


South Korea’s exports valued US$ 605 billion in 2018, which rise from the previous year. According to South Korea export data, the country exports mostly electronics (30.51%), machinery (12.83%), vehicles (10.11%), mineral fuels & oils (7.96%), plastics (5.77%), optical, medical equipment, etc. (4.6%) and organic chemicals (4.19%). And major export partners are China (26.8%), United States (12.1%), Vietnam (8%), Hong Kong (7.6%), Japan (5.1%), Taipei (3.4%) and India (2.5%).


                            4.    Hong Kong


The value of total shipments departed from Hong Kong recorded US$ 569.1 billion in 2018. Main export commodities of Hong Kong are electronics (54.42%), machinery (13.09%), pearls & precious stones (11.98%), optical, medical equipment, etc. (3.22%), plastics (1.76%), clocks & watches (1.49%) and toys, games, etc. (1.27%). And major export partners are China (55.2%), United States (8.1%), India (3.1%), Japan (2.9%), Thailand (2.4%), Singapore (2.2%) and Taipei (2.1%).


                            5.    Singapore


Singapore recorded US$ 411 billion worth of commodities exported from the country in 2018. Top export goods of Singapore are electronics (31.27%), machinery (14.26%), mineral fuels & oils (13.12%), optical, medical equipment, etc. (4.66%), pearls & precious stones (4.13%), organic chemicals (4.1%) and plastics (3.87%). Singapore’s major export partners are China (12.2%), Hong Kong (11.8%), Malaysia (10.9%), Indonesia (8%), United States (7.7%), Japan (4.9%) and Taipei (4.1%).


                            6.    Taipei


Taipei’s exports valued US$ 335 billion in 2018. Taipei mainly exports electronics (42.98%), machinery (12.1%), plastics (6.68%), optical, medical equipment, etc. (4.78%), mineral fuels & oils (4.11%), organic chemicals (3.42%), iron & steel (3.11%) and vehicles (2.96%). The country’s largest export partners are China (28.8%), Hong Kong (12.4%), United States (11.8%), Japan (6.9%), Singapore (5.2%), South Korea (4.8%), Vietnam (3.2%), Malaysia (3.2%) and Philippines (2.7%).


                            7.    India


India’s exports valued US$ 323 billion in 2018. Main India export commodities are mineral fuels & oils (14.95%), pearls & precious stones (12.41%), machinery (6.32%), vehicles (5.65%), organic chemicals (5.49%), pharma (4.42%), electronics (3.65%) and iron & steel (3.09%). India’s top export partners are United States (16%), United Arab Emirates (9%), China (5.1%), Hong Kong (4.1%), Singapore (3.2%), United Kingdom (3%), Germany (2.8%) and Bangladesh (2.7%). Check India export data with shipment details.


                            8.    United Arab Emirates


In 2018, the United Arab Emirates shipped US$ 316 billion worth of commodities. The United Arab Emirates mostly exports mineral fuels & oils (29.2%), pearls & precious stones (14.48%), electronics (8.62%), machinery (5.56%), vehicles (4.07%), aluminium (2.01%), plastics (1.73%) and tobacco (1.43%). It’s top export partners are Saudi Arabia (6.8%), India (4.1%), Iraq (3.6%), Oman (3.2%), Iran (3.2%), Switzerland (3%), Kuwait (2.6%) and Hong Kong (2%).


                           9.    Saudi Arabia


Saudi Arabia exported US$ 294 billion worth of goods in 2018. Top exports of Saudi Arabia are mineral fuels & oils (78.63%), plastics (7.1%), organic chemicals (4.86%), ships, boats & floating structures (0.9%) and inorganic chemicals (0.78%). Saudi Arabia main export destinations are China (15.4%), United Arab Emirates (12.9%), Singapore (6.4%), India (5.7%), Belgium (3.9%), Turkey (3.6%), Kuwait (3.3%), Egypt (3.2%) and Bahrain (2.9%).


                          10. Thailand


Exports of Thailand valued US$ 249 billion in 2018. Thailand’s major exports are machinery (17.18%), electronics (14.01%), vehicles (12.19%), rubber (6.2%), plastics (5.81%), pearls & precious stones (4.78%), mineral fuels & oils (4.23%), preparations of meat (2.63%) and organic chemicals (2.45%). Top export partners of Thailand are China (11.9%), United States (11.2%), Japan (9.9%), Vietnam (5.1%), Hong Kong (5%), Malaysia (4.6%) and Australia (4.3%). Download Thailand export data samples.


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