Global Trade Data – List of World’s Top 20 Export Countries
14 August 2020
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. |
2,498,569 |
|
2. |
1,645,174 |
|
3. |
1,486,462 |
|
4. |
721,301 |
|
5. |
705,842 |
|
6. |
555,100 |
|
7. |
South Korea |
542,333 |
8. |
Hong Kong |
535,711 |
9. |
532,683 |
|
10. |
472,272 |
|
11. |
468,159 |
|
12. |
446,562 |
|
13. |
445,214 |
|
14. |
422,777 |
|
15. |
Singapore |
390,386 |
16. |
337,215 |
|
17. |
Taipei |
329,512 |
18. |
323,250 |
|
19. |
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.