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from
https://www.visualcapitalist.com/the-worlds-largest-exporters-of-goods/

Ranked: The World’s 30 Largest Exporters Published 4 hours ago on
November 21, 2024
By Dorothy Neufeld
Graphics/Design:
Sabrina Lam
See this visualization first on the Voronoi app.

This voronoi shows the largest exporters in the world of goods in 2023.

Ranked: The World’s 30 Largest Exporters
This was originally posted on our Voronoi app. Download the app for free
on iOS or Android and discover incredible data-driven charts from a
variety of trusted sources.

As protectionism continues to rise around the world, global trade flows
are adapting.

Despite facing a wave of tariffs, China’s goods exports show resilience.
In 2023, China’s export volumes neared all-time highs as the price of
its manufactured exports fell 10%, on average. Overall, the world’s
largest exporter delivered $500 billion in goods to America last year,
but this could drastically change under the Trump administration.

This graphic shows the largest exporters in the world, based on data
from the World Trade Organization.

The 30 Countries That Export the Most Goods
Last year, global exports of goods totaled $23.8 trillion, declining by
5% compared to 2022.

Overall, the dollar value of exports dropped across 20 of the top 30
largest exporters in the world as the number of trade restrictions rose
to almost 3,000 worldwide—approximately fivefold levels seen in 2015.

Show
10
entriesSearch:
Rank Country Global Share 2023 (%) Value (B)
1 🇨🇳 China 14.2 $3,380
2 🇺🇸 U.S. 8.5 $2,020
3 🇩🇪 Germany 7.1 $1,688
4 🇳🇱 Netherlands 3.9 $935
5 🇯🇵 Japan 3.0 $717
6 🇮🇹 Italy 2.8 $677
7 🇫🇷 France 2.7 $648
8 🇰🇷 South Korea 2.7 $632
9 🇲🇽 Mexico 2.5 $593
10 🇭🇰 Hong Kong 2.4 $574

11 🇨🇦 Canada 2.4 $569
12 🇧🇪 Belgium 2.4 $562
13 🇬🇧 UK 2.2 $521
14 🇦🇪 UAE 2.1 $488
15 🇸🇬 Singapore 2.0 $476
16 🇹🇼 Taiwan 1.8 $432
17 🇮🇳 India 1.8 $432
18 🇷🇺 Russia 1.8 $424
19 🇪🇸 Spain 1.8 $423
20 🇨🇭 Switzerland 1.8 $420
21 🇵🇱 Poland 1.6 $382
22 🇦🇺 Australia 1.6 $371
23 🇻🇳 Vietnam 1.5 $354
24 🇧🇷 Brazil 1.4 $340
25 🇸🇦 Saudi Arabia 1.4 $322
26 🇲🇾 Malaysia 1.3 $313
27 🇹🇭 Thailand 1.2 $285
28 🇮🇩 Indonesia 1.1 $259
29 🇹🇷 Türkiye 1.1 $256
30 🇨🇿 Czechia 1.1 $255
World 100 $23,784

Showing 1 to 10 of 30 entriesPreviousNext

As the table above shows, China exported $3.4 trillion in goods,
exceeding America by nearly $1.4 trillion.

The last time America was the world’s top exporter was in 1979, but
since then it has experienced a widening trade deficit. However, energy exports, America’s top export, have largely shifted from a deficit to a surplus over the past decade.

In 2023, the U.S. achieved a $65 billion net energy surplus,
strengthening its trade balance. A significant rise in domestic energy production has shielded the nation from oil price shocks, like those
triggered by the Russia-Ukraine war, which severely impacted European economies.

Germany, the third-largest overall, saw goods exports increase by a
slight 1%, even as the economy was contracting. The industrial-heavy
economy was particularly hit by rising oil prices, as several firms
paused production due to the spike in energy prices. In 2023, the
country exported $160 billion in goods to America, its largest export
market.

However, exports to the U.S. could decline as much as 15% if Trump’s
proposed tariffs come into effect. The automotive and pharmaceutical
sectors would be hit the hardest, declining 32% and 35%, respectively.

Learn More on the Voronoi App
To learn more about this topic from a commodities perspective, check out
this graphic on global commodity exports by sector.

Enjoying the data visual

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