Top 5 Biggest Exporter Countries In 2021
Exports mean international trade if one country’s goods or services are provided and sold to another
country is called export or International trade. Those countries which provide services and goods for
another country are called exporters and those countries that purchase this are called importers.
Exports are extremely important for their country’s development and also for the country’s economy.
Exports offer those services and goods which provide high quality and also in high quantity in their
home countries. Additionally this economic trade also made the best relationship between exporter
and importer countries.
Benefit Of Export For Country
Governments generally focus on increasing exports rather than imports. This system of exportation
brings many jobs with high wages. Exportation also affects the living standard of their country’s
residents, and also increases their currency value all over the world. Mainly countries’ governments
used trade protections that helped to raise the number of imports that gives industries great
advantages in the market. Additionally many of the countries whose relationships are good so sign
agreements with other countries to reduce their trade protections which creates many benefits with
the help of this trade relationship. Those countries which have the best natural commodities in the
production of valuable exports so make a comparative advantage because this country produces a
high quantity of exports at a lower opportunity cost than other countries. For example the population
of India is a great advantage of this country because many of the people in this country speak English
this allows them to easily find affordable call center workers. Some countries have a great climate in
producing certain crops like Jamaica has a great climate in the production of coffee and like this many
of the countries have these benefits.
5 Biggest Exporter Country In All Over The World
Aside from the European Union China is the largest exporter in the world. In 2017 about $ 2.16 worth
of services and goods which also included electronic equipment and machinery were exported by
China 2017. It’s about 19.6% of China’s GDP in that year. And in 2018 it decreased and made 12.9% of
the total services and goods production globally. But in 2020 the exportation of China is highly
decreased because of this pandemic and this exportation percentage is goes to 17.65% which amount
is over 2.6 trillion U.S dollars in 2020 more than one trillion of goods and services are provided in the
United States which is almost half of china exports of 2020. In 2009, China took the place of Germany
which is the largest exporting nation worldwide. In 2014, China was not only the world’s largest
exporter but it is also the biggest trading nation in terms of export and import.
The U.S. is the second-largest and biggest exporter in the world, which is almost $1.58 trillion of
exports in 2017. In the exports of U.S including planes spacecraft pharmaceuticals helicopters and
refined petroleum. There is one of the biggest reasons which makes the United States behind China
because when you compare the price of China goods with the U.S you will be going into shock. Exports
of the United States are about $2,131.9 billion worth of goods and services in 2020, which is down
$396.4 billion in comparison with 2019. Which consisted of $1,434.8 billion dollars of goods and
$697.1 billion dollars of services. In 2020 increasing in these exports will deflect about $51.5 billion, or
6.0%, which is about $915.8 billion decreasing the services from $50.4 billion, or 17.5%, to $237.1
billion. If we talk about the percentage, the exportation deficit will be about 3.2% in 2020, which is up
from 2.7% in 2019. The heaviest decline in exportation was held in 2020 because of the contribution
of COVID-19 (coronavirus).
This country exported about $1.40 trillion of services and goods in the year 2017 this country is the
worlds third biggest and largest exporter. And this country is also included in the most technologically
advanced country in the world. Germany is the biggest exporter of automobiles, this country’s car
brand and technology are very famous all over the world like BMW and Volkswagen. They also export
pharmaceuticals, machinery, electronics, and many types of chemicals. Germany is the third world’s
largest exporter because it exports about 1$ trillion worth of products which helps Germany to stand
behind China and the United States. Germany is also the world’s biggest exporter of trucks or box
trucks. These trucks also made a high percentage in exportation.
The Value of Japan in 2017 is $683.3 billion. Japan’s country is also the world’s third-largest
automobile manufacturer. Toyota is the biggest car manufacturing brand in the world. This country
also exports automobile parts, and electronics like Nintendo Panasonic Sony and many more. About
20.2% of Japan goes to the United States and 17.6% of exports go to China.
South Korea Exports
This country’s name is included in the Fifth world’s largest exporter which exports many types of
goods and services. In 2017 this country estimated about $577.4 billion of exports. South Korea
development and total driven is totally depending on exports This country does not have any rich
natural resources. So it’s highly dependent on the exportation of electronics automobiles computers
ships and petrochemicals. This country’s biggest companies that play a big role in exportation are
Samsung LG KIA and Hyundai.
Trucks have a great role in the part of exportation because without box trucks we are not able to travel
the exports items in small areas without it. After these top five countries’ exports there are other more
five countries which are also playing a big role in exportation is the Netherlands Hong Kong Italy
France, and Belgium. These countries have a big role to fulfill the requirements of all over the world.
Many of the countries don’t fulfill their requirements with the help of their production, in this way
exports are very necessary to fully fulfill our requirements.