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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
Article/Editing:
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
Kingdom.

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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