Global Trade Data – List of World’s Top 20 Export Countries

14 August 2020
Global Trade Data

The world’s total exports estimated USD 18.74 trillion in 2019. That dollar amount reflects a drop of about -3.7% from USD 19.45 trillion one year earlier during 2018. Based on Export Genius global trade data, China topped the charts as a leading exporter country in the world with 13.3% percentage share recorded in 2019.At 2-digit level HS Code, electrical machinery & equipment was the largest product category exported by the global countries. Have a look at more global trade statistics with list of world’s top 20 export countries.


As of June 2020, the earth’s population was roughly 7.8 billion. The USD 18.74 trillion value of world’s total exports in 2019 translates to approximately USD 2,400 for every person on the planet.


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List of Top World’s Export Countries


World’s top export countries are China, United States, Germany, Netherlands, Japan, France, South Korea, Hong Kong, Italy and Mexico. According to international trade data, China exported goods worth USD 2.4 trillion in 2019, followed by the United States with USD 1.6 trillion worth of commodities. China and the United States together accounted for 22% of overall value of shipments departed from the countries around the globe. Below are the world’s top export countries that exported the highest dollar value in exports during 2019.


Rank

Country

Value USD Million

1.

China

2,498,569

2.

United States

1,645,174

3.

Germany

1,486,462

4.

Netherlands

721,301

5.

Japan

705,842

6.

France

555,100

7.

South Korea

542,333

8.

Hong Kong

535,711

9.

Italy

532,683

10.

Mexico

472,272

11.

United Kingdom

468,159

12.

Canada

446,562

13.

Belgium

445,214

14.

Russia

422,777

15.

Singapore

390,386

16.

Spain

337,215

17.

Taipei

329,512

18.

India

323,250

19.

Vietnam

318,258

20.

Switzerland

314,145

 


By value, the top 20 exporting countries accounted for about 72% of total exported commodities during 2019. Among them, Vietnam, Mexico, Switzerland and China were the four largest exporters who recorded a rise in the value of exports in the said year. An increase in percentage share of these countries were – Vietnam (up 24.9%), Mexico (up 4.7%), Switzerland (up 1.1%) and China (up 0.2%).


The leading decliners year over year in 2019 were – South Korea (down -10.4%), Russia (down -5.9%), Hong Kong (down -5.9%), Singapore (down -5.3%), United Kingdom (down -4.8%), Germany (down -4.5%) and Japan (down -4.4%).


In 2020, picture of global exports may change drastically due to ongoing fight against the coronavirus pandemic. Millions across the world are affected by the deadly Covid-19, which has taken thousands of lives and impacted the global economy as well. International trade has been much slower and in fact it was halted from Jan to Apr 2020, when major countries went under complete lockdown in a phased manner. Now we have to wait and watch till the end of year to ascertain real impact of this virus on global trade.


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