HannibalBarca
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The World's 20 Largest Exporting Countries
China, the United States, and Germany are the world's top three largest exporters of goods.
In 2016, China was by far the world’s leading exporter, exporting goods valued at a total of $1,990,000,000,000 USD in the year. To put this in perspective, consider how much the rest of the top five exporters shipped to international markets in the same year. In second place, the United States exported goods valuing $1,456,000,000,000.. Only China, the U.S., and Germany managed to export more than a Trillion US dollars’ worth of goods in 2014, with rest of our list registering much smaller numbers.
China is the World's Largest Exporter
While China’s explosive economic expansion has been a front-page financial story over the last few decades, China’s economy is not the only one worth noting. Today, more and more of what have long been considered developing economies are seeing rapid commercial development within their own countries and on the international scene alike. Large economies are not always the fastest growing and most developed, as income inequality, political instability, corruption and low levels of per capita gross capita product still can hinder even the largest of markets.
The Chinese government, administering control over an exporting powerhouse with a vast economy, is facing many problems as of late despite continuing Chinese prosperity. The country’s growth has expanded consistently, but China is transitioning into a consumption-based economy, which may change the overall undercurrents of the Chinese economy in the near future. Despite its economic growth continuing to head in positive directions, China’s per capita income is still below world average, which can be attributed in part to wealth inequality within the country. Whether China’s economy can become greater and more prosperous still will likely depend upon the Chinese government’s ability to allow, and even facilitate, the public’s ability to prosper economically.
Why Doesn't the United States Export More?
It is no secret that the United States is home to one of, if not the, most important economic markets in the world. The largest exports of the United States are cars, refined petroleum, planes, helicopters, and spacecraft, and pharmaceuticals. Major trading partners include Canada, China, and Mexico.
The success of the United States economy can be attributed to factors such as a wealth of natural resources, excellent infrastructure, and a productive workforce. The country also has the designation of being the world's largest industrial sector. However, as cost of living is higher in the United States than China, many goods cannot be produced in the United States for a price comparable to their production costs in China. This is one of the reasons why the United States lags behind China when it comes to export volume.
Germany
Third on the list of the world's top exporters is the central European nation of Germany, which is also home to one of the world's largest economies. in 2016, the goods exported from Germany had a value of around 1.5 trillion US dollars. Like the United States, Germany also has an extremely busy manufacturing sector. The most commonly exported goods from Germany include automobiles, machinery, chemicals, electronics, electrical equipment, and pharmaceuticals. Furthermore, several Fortune Global 2000 companies are headquartered in the country. Some of the most notable companies include Volkswagen, Daimler, BMW, and Bayer.
Japan
Japan, in East Asia, exported around $634,900,000,000 worth of goods in 2016. This puts them in the fourth position on the list of the world's largest exporters. Like several of the countries on this list, the major exports of Japan include things like automobiles, vehicle parts, integrated circuits, and industrial printers. Japan is the world's third largest manufacturer of automobiles. Like Germany, several Fortune Global 500 companies are headquartered in Japan. The largest of these is car manufacturer Toyota.
South Korea
Also located in East Asia, South Korea exported $511,800,000,000 worth of goods in 2016, the world's fifth largest volume. A country known for its astonishing jump from developing to developed economy, South Korea's large economy is still growing. As South Korea has relatively few natural resources, the country is reliant on an export-driven economy. The most frequently exported goods include semiconductors, wireless communication devices, automobiles, computers, ships, and petrochemicals. Its largest export partners are China, the United States, and Japan.
Exports By Country
Rank Country Exports in US Dollars
1 China 1,990,000,000,000
2 United States 1,456,000,000,000
3 Germany 1,322,000,000,000
4 Japan 634,900,000,000
5 South Korea 511,800,000,000
6 France 507,000,000,000
7 Hong Kong 502,500,000,000
8 Netherlands 495,400,000,000
9 Italy 454,100,000,000
10 United Kingdom 407,300,000,000
11 Canada 393,500,000,000
12 Mexico 374,300,000,000
13 Singapore 361,600,000,000
14 Switzerland 318,100,000,000
15 Taiwan 310,400,000,000
16 United Arab Emirates 298,600,000,000
17 Russia 281,900,000,000
18 Spain 280,500,000,000
19 Belgium 277,700,000,000
20 India 268,600,000,000
21 Thailand 214,300,000,000
22 Ireland 206,000,000,000
23 Poland 195,700,000,000
24 Australia 191,700,000,000
25 Brazil 184,500,000,000
https://www.worldatlas.com/articles/exports-by-country-20-largest-exporting-countries.html
In 2016, Turkey exported $139B and imported $188B, resulting in a negative trade balance of $49.1B. In 2016 the GDP of Turkey was $857B and its GDP per capita was $24.2k.
The top exports of Turkey are Cars ($8.32B), Gold($8.25B), Delivery Trucks ($4.57B), Vehicle Parts ($3.81B) and Jewellery ($3.75B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($9.8B), Unspecified ($9.6B), Refined Petroleum($7.34B), Gold ($6.45B) and Vehicle Parts ($5.09B).
The top export destinations of Turkey are Germany($14B), the United Kingdom ($11.7B), Iraq ($7.64B), Italy($7.58B) and the United States ($6.62B). The top import origins are Germany ($24.9B), China ($16.7B), Russia($13.7B), Italy ($10.6B) and the United States ($9.4B).
Turkey borders Armenia, Azerbaijan, Georgia, Iran, Iraq, Syria, Bulgaria and Greece by land and Egypt, Cyprus, Romania, Russia and Ukraine by sea.
China: Share of exports in gross domestic product (GDP) from 2006 to 2016
View attachment 456486
DESCRIPTIONSOURCEMORE INFORMATION
The statistic shows China's share of exports in gross domestic product (GDP) from 2006 to 2016. In 2010, exports had accounted for about 26.2 percent of China's gross domestic product (GDP).
View attachment 456487
GDP of South Korea is 1,5 trillion$ but its exports 0,5 trillion$!!
33% of Korean economy relies on exports. Fvckkk.
Turkey should boost up her Manufacturing "Potential"
Now that she has the opportunity to have a huge low cost workers pool...
More Fiscal reforms are needed also. To boost foreign investment and minimize the Administration paperwork that goes with it.
