International trade forms the backbone of the modern global economy, facilitating the exchange of goods and services between nations. Some countries stand out as key players in this dynamic landscape, dominating both imports and exports. In this blog post, we’ll explore the five countries that lead the world according to the world import export data.
China is the Global Export Data leader and has the second-largest economy in the world. In 2019, China exported items worth roughly $2.64 trillion. Electronics, along with other machinery, are China’s top exports, and electronics, including integrated circuits and other computer parts, are its top import.
The United States has the second-largest export of goods in the world and the biggest economy overall. Canada, Mexico, China, Japan, and the United Kingdom are the top 5 countries to which American exports go.
In addition to being the biggest economy in Europe and the fourth-largest economy in the world, Germany is the third-largest exporter in the world. In 2020, the United States, France, China, the Netherlands, and the United Kingdom were Germany’s top 5 trading partners.
France has the seventh-largest economy in the world and is the fourth-largest exporter. France’s three largest industries are manufacturing, energy, and transportation. The United States, Germany, Belgium, Italy, Spain, and Spain are France’s main export markets.
The third-largest economy in the world and the fifth-largest exporter is Japan. It also has the largest electrical goods sector and the third largest vehicle manufacturing business in the world. The United States, China, South Korea, and Taiwan were the nations to which Japan shipped the most goods in 2020.
List of Top World’s Import Countries
The United States, China, Germany, Japan, United Kingdom, Netherlands, France, Hong Kong, South Korea, India, Italy, and Mexico are the biggest importers in the world. The United States of America imported goods worth USD 2.56 trillion in 2019, whereas China imported goods worth USD 2.06 trillion, according to figures on Global Import Data. The top importers from around the world with the biggest dollar value of imports in 2019 are listed below.
Over 70% of the value of all imported goods in 2019 came from these top 20 importers in the world. From 2018 to 2019, five of these nations experienced growth: Vietnam (up 11.2%), the United Kingdom (up 3%), Mexico (up 0.6%), Taiwan (up 0.3%), and the Netherlands (up 0.1%). Vietnam is also the second largest exporter of the smartphones after China and according to the Vietnam customs data, the country exported a total mobile phones worth $57b in 2021.
Poland (down -7.9%), Hong Kong (down -7.8%), South Korea (down -6%) and India (down -5.7%) were the top decliners among the top 20 import countries.
Which is the best Global Import and Export Data Provider?
As a data scientist, you might wonder which is the best Global Import Data and Export Data Provider. There are many options available in the market, but some of them are more popular than others. Here are some of them:
- Import Globals – This is one of the most popular platforms for global trade data analysis in 2023. Import Globals allows you to search information about shipments coming into or going out of any country around the world as well as their import/export records with other countries or regions.
The world is a very big place, and each country has its own unique culture. Global import and Global export data can help us understand how different countries interact with each other, and what kinds of products they are buying or selling from each other. It is interesting to see which countries are doing business together and how much value those transactions represent in terms of total imports/exports worldwide!