• =?UTF-8?Q?All_of_the_World=E2=80=99s_Exports_by_Country=2C_in_One_C?= =

    From a425couple@21:1/5 to All on Sat Oct 14 19:51:58 2023
    XPost: seattle.politics, alt.economics

    fIt is best to go to the citation to see the chart and graphs

    All of the World’s Exports by Country, in One Chart
    Published 5 days ago on October 3, 2023
    By Truman Du green checkmark icon Featured Creator
    Bruno Venditti
    All of the World's Exports by Country, in One Chart

    All of the World’s Exports by Country, in One Chart
    In 2022, the total export value of global goods reached nearly $25 trillion.

    With the evolution of international trade, the effects of globalization,
    and progress in technology, global trade has increased by around 300%
    over the last 20 years.

    This visualization by Truman Du uses data from the World Trade
    Organization (WTO) to chart the world’s top exporters by country.

    China is Still the “World’s Factory”
    The world’s largest 11 exporters shipped out $12.8 trillion of goods in
    2022, more than the rest of the world combined ($12.1 trillion).

    The list is headed by China, with $3.6 trillion or 14% of total exports.
    The country has been the largest exporter of goods in the world since 2009.

    Top 11 Country Exports (USD)
    1 🇨🇳 China $3.6T
    2 🇺🇸 U.S. $2.1T
    3 🇩🇪 Germany $1.7T
    4 🇳🇱 Netherlands $965.5B
    5 🇯🇵 Japan $746.9B
    6 🇰🇷 South Korea $683.6B
    7 🇮🇹 Italy $656.9B
    8 🇧🇪 Belgium $632.9B
    9 🇫🇷 France $617.8B
    10 🇭🇰 Hong Kong $609.9B
    11 🇦🇪 United Arab Emirates $598.5B
    In 2022, the top products exported from China by value were phones
    (including smartphones), computers, optical readers, integrated
    circuits, solar power diodes, and semiconductors.

    Two of China’s primary trading partners are neighboring countries Japan
    and South Korea.

    Mexico Surpasses China as America’s Largest Trading Partner
    China has built up significant trade relations with the European Union
    and the United States, two of the world’s largest markets for goods.

    However, recent trade tensions have led to China losing its status as
    the United States’ biggest trading partner in 2023.

    Mexico has now overtaken China as the largest seller to the United
    States. This shift in trade dynamics is part of a broader effort by the
    U.S. to import goods from closer to home and reduce its dependence on geopolitical rivals.

    U.S. trade partners: China, Mexico, and Canada

    The U.S. itself is the world’s second largest goods exporter, with over
    $2 trillion annually.

    Canada was the largest purchaser of U.S. exports in 2022, accounting for
    17% of total exports, followed by Mexico, China, Japan, and the United

    The top exports of the United States are refined petroleum, petroleum
    gas, crude petroleum, cars, and integrated circuits.

    The Regional View of Exports by Country
    From a regional perspective, it’s clear Asia dominates the trading
    market with over 36% of the total exports, followed by Europe with 34%.

    Exports by country, by region
    Source: World Trade Organization

    While Asian, European, and North American countries have manufactured
    and technology products among their main exports, African and South
    American countries mostly export commodities such as oil, gold,
    diamonds, cocoa, timber, and precious metals.

    A New Era of Deglobalization?
    International trade grew immensely at the beginning of the 21st century,
    from $15.6 trillion in 2001 to $40.7 trillion in 2008.

    Since then, protectionist trade policies such as taxes on foreign goods
    and import quotas have increased by 663%. Similarly, global trade as a
    percent of GDP has also stalled out, peaking in 2008 and going sideways
    ever since.

    Despite many countries reducing their interdependence and integration in
    the post-COVID era, global exports are still set to grow by 70% between
    2020 and 2030, reaching $29.7 trillion by 2030, according to Standard Chartered.

    green check mark icon
    This article was published as a part of Visual Capitalist's Creator
    Program, which features data-driven visuals from some of our favorite
    Creators around the world.

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