Asia Top in Global Exports – Market Share & Major Exports by Continent

05 February 2020
Continents Trade Data

Asia is the largest continent in terms of land, population and trade. Asian exporters shipped goods valued US$ 7326 billion in 2018. Asian exporters accounted for over two-fifths or about 41.7% of the overall shipments. Export value of products supplied by all continents together recorded US$ 17.585 trillion in the said year. Close behind in second place were European countries, followed by North America, South America, Africa, Oceania and Central America. Let’s have a look at Asia trade statistics with special focus on top exported commodities of all the continents.


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Continents’ Share in Global Exports


According to Export Genius global trade data, Asia recorded export value of US$ 7.326 trillion, while European countries recorded export value of US$ 6.593 trillion in 2018. North America with US$ 2.376 trillion, South America with US$ 506.1 billion, Africa with US$ 420.5 billion, Oceania with US$ 283 billion and Central America with US$ 43 million stood at 3rd, 4th, 5th, 6th and 7th position respectively.


Continent

Value in US$ %

Asia

41.7

Europe

37.5

North America

13.5

South America

2.9

Africa

2.4

Oceania

1.6

Central America

0.2

 

Major Exports by Continent


Asia and Europe together accounted 79.2% of overall export value of shipments. Asia’s major export commodities are electronic components, mobile phones, computers and related equipment. And Europe’s leading exported goods are cars and automotive parts or accessories. Listed below are searchable tables showing 10 major export commodities of all continents.


Asia’s Major Exported Commodities


Asia undoubtedly is a dominant player in the international sales of integrated circuits and semi-conductors. According to Asian countries data, it is a top supplier of women’s clothing as well as cases, handbags and wallets. Here is the list of top 10 export commodities of Asia with statistics recorded in 2018.


Rank

Product

Value in US$ Billion

1

Integrated circuits/micro-assemblies

540.1

2

Phone system devices including smartphones

423.7

3

Crude petroleum oil

421.3

4

Processed petroleum oils

284.6

5

Computers, optical readers

219.2

6

Cars

185.0

7

Gold

117.8

8

Automobile parts/accessories

115.6

9

Computer parts, accessories

88.9

10

Petroluem gases

88.6

 


Europe’s Major Exported Commodities


The European data shows that Europe is a primary source for medical-related goods, notably drugs and medicines, blood fractions including antisera and orthopaedic appliances. Look at the top 10 export commodities of Europe with their values recorded in 2018.


Rank

Product

Value in US$ Billion

1

Cars

403.8

2

Medication mixes in dosage

265.8

3

Processed petroleum oils

247.7

4

Automobile parts/accessories

185.2

5

Crude petroleum oil

143.0

6

Blood fractions

127.6

7

Gold

101.6

8

Aircraft, spacecraft

96.8

9

Petroluem gases

95.2

10

Phone system devices including smartphones

80.6

 


North America’s Major Exported Commodities

North American countries exported cars the most in 2018, followed by crude petroleum oil. Have a look at top 10 export commodities of North America with statistics recorded in 2018.  


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Rank

Product

Value in US$ Billion

1

Cars

141.7

2

Crude petroleum oil

96.6

3

Processed petroleum oils

91.5

4

Automobile parts/accessories

82.6

5

Phone system devices including smartphones

55.5

6

Computers, optical readers

50.2

7

Trucks

42.5

8

Integrated circuits/micro-assemblies

41.2

9

Gold

37.5

10

Electro-medical equipment

34.7

 


South America’s Major Exported Commodities


South American countries exported crude petroleum oil and copper the most in 2018, followed by soya beans, iron-ores, gold, refined copper and sugar. The continent enjoyed a majority share 55.5% of globally exported copper in the said year. A list of top 10 export commodities of South America with their values is given below.


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Rank

Product

Value in US$ Billion

1

Crude petroleum oil

59.1

2

Copper ores, concentrates

32.4

3

Soya beans

31.8

4

Iron ores, concentrates

20.9

5

Gold

16.83

6

Refined copper, unwrought alloys

16.81

7

Soya-bean oil-cake, other solid residues

15.1

8

Sugar

12.1

9

Processed petroleum oils

11.4

10

Corn

8.9

 


Africa’s Major Exported Commodities


According to Africa data, the countries in this continent shipped crude petroleum oil and gold the most in 2018. The table given below shows list of top 10 exported commodities of Africa with their values recorded in the said year.


Rank

Product

Value in US$ Billion

1

Crude Petroluem Oil

115.9

2

Gold

26.1

3

Petroluem gases

24.5

4

Processed petroleum oils

15.4

5

Diamonds

11.9

6

Cars

9.1

7

Platinum

6.6

8

Cocoa beans

6.3

9

Coal, solid fuels made from coal

6.0

10

Insulated wire/cable

5.7

 


Oceania’s Major Exported Commodities


Led by Australia and New Zealand, Oceania is the world’s largest exporter of iron ore with 53% global share. Below given table shows major export commodities shipped from the countries located in Oceania.


Rank

Product

Value in US$ Billion

1

Iron ores, concentrates

49.3

2

Coal, solid fuels made from coal

40.6

3

Petroleum gases

24.1

4

Gold

15.6

5

Concentrated/sweetened milk, cream

5.9

6

Aluminium oxide/hydroxide

5.8

7

Crude petroleum oil

5.29

8

Frozen beef

5.28

9

Sheep or goat meat

4.9

10

Wheat

4.7

 


Central America’s Major Exported Commodities


Central America is not a continent but is an important region, which also has a share in global exports. According to Central America data, countries located into this continent exported coffee the most in 2018. Below table shows a list of products exported by Central America with their values recorded in the said year.


Rank

Product

Value in US$ Billion/Million

1

Coffee

3.1

2

Bananas, plantains

2.6

3

Electro-medical equipment

2.1

4

T-shirts, vests (knit or crochet)

1.5

5

Sugar

1.5

6

Insulated wire/cable

1.3

7

Dates/figs/pineapples/mangoes/avocadoes/guavas

1.1

8

Palm oil

945.2 million

9

Crustaceans

773.4 million

10

Orthopaedic appliances

664.6 million

 


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