In today’s interconnected world, international trade plays a vital role in the growth and development of countries. Exporting goods and services is an essential component of a country’s economy, contributing to its growth, creating jobs, and improving its standard of living. In this blog, we will be discussing the top 10 largest export countries in the world.
China
China is the world’s largest exporter, with a total export value of $2.6 trillion in 2020. The country’s top exports include electronic equipment, machinery, textiles, and furniture. The US is China’s biggest export destination, accounting for 16% of its total exports, followed by Hong Kong and Japan.
United States
The United States is the second-largest exporter in the world, with a total export value of $1.6 trillion in 2020. The country’s top exports include refined petroleum, planes, cars, and integrated circuits. Canada is the largest destination for US exports, accounting for 17% of the total, followed by Mexico and China.
Germany
Germany is the third-largest exporter in the world, with a total export value of $1.5 trillion in 2020. The country’s top exports include cars, machinery, chemical products, and pharmaceuticals. The US is Germany’s biggest export destination, accounting for 9% of its total exports, followed by France and China.
Japan
Japan is the fourth-largest exporter in the world, with a total export value of $698 billion in 2020. The country’s top exports include cars, integrated circuits, refined petroleum, and vehicle parts. The US is Japan’s biggest export destination, accounting for 19% of its total exports, followed by China and South Korea.
Netherlands
The Netherlands is the fifth-largest exporter in the world, with a total export value of $666 billion in 2020. The country’s top exports include refined petroleum, pharmaceuticals, chemical products, and machinery. Germany is the largest destination for Dutch exports, accounting for 24% of the total, followed by Belgium and the UK.
South Korea
South Korea is the sixth-largest exporter in the world, with a total export value of $512 billion in 2020. The country’s top exports include integrated circuits, cars, refined petroleum, and computer parts. China is South Korea’s largest destination for exports, accounting for 24% of the total, followed by the US and Vietnam.
Hong Kong
Hong Kong is the seventh-largest exporter in the world, with a total export value of $463 billion in 2020. The country’s top exports include integrated circuits, telecom equipment, jewelry, and computers. China is the largest destination for Hong Kong’s exports, accounting for 45% of the total, followed by Vietnam and the US.
France
France is the eighth-largest exporter in the world, with a total export value of $440 billion in 2020. The country’s top exports include refined petroleum, planes, cars, and pharmaceuticals. Germany is the largest destination for French exports, accounting for 15% of the total, followed by Spain and Italy.
Singapore
Singapore is the ninth-largest exporter in the world, with a total export value of $424 billion in 2020. The country’s top exports include integrated circuits, refined petroleum, computers, and gold. China is the largest destination for Singapore’s exports, accounting for 14% of the total, followed by the US and Malaysia.
Italy
Italy is the tenth-largest exporter in the world, with a total export value of $417 billion in 2020. The country’s top exports include refined petroleum, cars, pharmaceuticals, and leather footwear.
| S. No | Largest Export Countries | 2023 Export Sales |
| 1 | China | $3,026,233,691,000 |
| 2 | United States | $1,753,941,406,000 |
| 3 | Germany | $1,626,387,793,000 |
| 4 | Japan | $757,460,945,000 |
| 5 | Netherlands | $691,826,642,000 |
| 6 | Hong Kong | $672,153,980,000 |
| 7 | South Korea | $644,438,622,000 |
| 8 | Italy | $611,009,552,000 |
| 9 | France | $569,479,663,000 |
| 10 | Singapore | $547,537,372,000 |