Top 10 leading global trade countries as per world import and export data
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- Published date: April 21, 2023
- Dover, DE,, Dover, Delaware, United States [ #63000 Ad Views - 24 ]
For centuries, international trade data has been the cornerstone of the global economy, with the exchange of goods and services between countries playing a crucial role in shaping their economic growth and development. With the rise of globalization, the significance of trade has grown exponentially, and it has become imperative for businesses to monitor the import-export data of different countries. In this blog post, we will examine the world import-export data to identify the top ten global trade nations.
As per the US Import Data, the United States holds the position of the world's second-largest trading nation, with a total import-export value of $3.9 trillion in 2020. The country is renowned for its technological advancements and exports a diverse array of products, such as aircraft, medical equipment, and machinery. The US also stands as one of the world's largest importers, with a substantial requirement for oil and gas, automobiles, and consumer goods.
With a total import-export value of $2.4 trillion in 2020, Germany stands as the third-largest trading nation in the world. The country is widely renowned for its high-quality engineering and manufacturing industries and exports an extensive range of products, such as vehicles, machinery, and chemicals. Additionally, Germany is a significant importer of raw materials like oil and gas, and food products.
As per the import-export data of 2020-21, Japan ranks as the world's fourth-largest trading nation, with a total import-export value of $1.5 trillion. The country is widely acclaimed for its advanced technology and exports a diverse array of products, such as automobiles, electronics, and machinery. Additionally, Japan holds a significant position as an importer of oil, natural gas, and other raw materials.
With a total import-export value of $1.3 trillion in 2020-21, the Netherlands ranks as the world's fifth-largest trading nation. The country is widely acknowledged for its open economy and highly advanced logistics and transportation industries. The Netherlands is a significant exporter of agricultural products, chemicals, and machinery, and also holds a prominent position as an importer of raw materials like oil and gas.
In 2020-21, South Korea had a total import-export value of $1.2 trillion, making it the sixth-largest trading nation in the world based on the world import export data. The country is well-known for its advanced technology and exports various products, including electronics, chemicals, and automobiles. Additionally, South Korea is a significant importer of oil and natural gas.
France, with a total import-export value of $1.1 trillion in 2020-21, ranks as the world's seventh-largest trading nation. The country is renowned for its high-end fashion, luxury goods, and wine industries, which it exports.
Based on import-export data, Hong Kong is ranked as the eighth-largest trading nation globally, with a total trade value of $1.0 trillion. The country boasts a robust export industry, with an average annual export value of 100,212.44 HKD million, and a record high of 489,514.00 HKD million in December 2021.
Italy ranks as the ninth-largest trading nation globally, with a total trade value of $993 billion. It stands as the eighth-largest exporter and tenth-largest importer worldwide. The country's top exports include precision machinery, accounting for 18% of Italy's total exports, followed by metals and metal products, valued at 13%, as well as clothing and footwear and motor vehicles, particularly luxury cars. Italy also imports various goods such as food, pharmaceuticals, and other substances.
The United Kingdom's total trade value is $932 billion, as per the export import data, which places it as the world's tenth-largest trade nation. It is the sixth-largest importer and the tenth-largest exporter globally.
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