Global Trade Data of Top Trading Countries

Posted by Anamseair on February 19th, 2021

International trade has evolved and factors influencing the trade are better understood. The volume of global trade was 19 trillion dollars in 2019. International trade is expected to shrink by 7%.

International trade data allows businesses to find new buyers and suppliers. The information can be used to find and expand markets to purchase or sell their products. They can track their competitor’s business strategy. The data can help traders learn about the supply chain network of large companies. 

According to international trade data the top trading countries are:-

  1. The United States – The US is the leading trading country around the globe. It traded over .6 billion in 2019 in goods and services. It is the largest importer and the second-largest exporter in the world. The US imported commodities worth $ 2.408 trillion and exported commodities .43 trillion in 2020. The top trade partners of the US are China, Canada, and Mexico.
  2. China - China is the world’s largest exporter and the second-largest importer in the world. As per the trade data, it traded $ 586.7 billion in 2020. The total imports of commodities in China in 2020 were 4.9 billion and total exports of commodities were 1.89. As per export import data the top trade partners of China are United States, Hong Kong, and Japan.
  3. Germany – Germany’s trade data shows it one of the leading trading nations in the world. In 2020 exports declined by 9.3% to €1205 billion and imports declined by 7.1% to €1026 billion. The trade surplus of Germany reduced to € 179.1 billion in 2020. The top trade partners of Germany are United States, France, and China.
  4. Japan – As per Japan’s trade data Japan import goods worth $ 634.6 billion and export import commodities worth 1.4 billion. Japan registered a trade surplus of .8 billion. Japan’s top trade partners are United States, China, and South Korea.
  5. South Korea – Examining international trade data we learn South Korea export 2.7% of the total goods exported around the world. The country shipped commodities valued at 2.8 billion and imported goods worth 7.5 billion. The top trade partners are China, the US, and Vietnam.

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Anamseair

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Anamseair
Joined: February 19th, 2021
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