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All of the World’s Exports by Country, in One Chart

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All of the World's Exports by Country, in One Chart

All of the World’s Exports by Country, in One Chart

In 2022, the total export value of global goods reached nearly $25 trillion.

With the evolution of international trade, the effects of globalization, and progress in technology, global trade has increased by around 300% over the last 20 years.

This visualization by Truman Du uses data from the World Trade Organization (WTO) to chart the world’s top exporters by country.

China is Still the “World’s Factory”

The world’s largest 11 exporters shipped out $12.8 trillion of goods in 2022, more than the rest of the world combined ($12.1 trillion).

The list is headed by China, with $3.6 trillion or 14% of total exports. The country has been the largest exporter of goods in the world since 2009.

Top 11CountryExports (USD)
1🇨🇳 China$3.6T
2🇺🇸 U.S.$2.1T
3🇩🇪 Germany$1.7T
4🇳🇱 Netherlands$965.5B
5🇯🇵 Japan$746.9B
6🇰🇷 South Korea$683.6B
7🇮🇹 Italy$656.9B
8🇧🇪 Belgium$632.9B
9🇫🇷 France$617.8B
10🇭🇰 Hong Kong$609.9B
11🇦🇪 United Arab Emirates $598.5B

In 2022, the top products exported from China by value were phones (including smartphones), computers, optical readers, integrated circuits, solar power diodes, and semiconductors.

Two of China’s primary trading partners are neighboring countries Japan and South Korea.

Mexico Surpasses China as America’s Largest Trading Partner

China has built up significant trade relations with the European Union and the United States, two of the world’s largest markets for goods.

However, recent trade tensions have led to China losing its status as the United States’ biggest trading partner in 2023.

Mexico has now overtaken China as the largest seller to the United States. This shift in trade dynamics is part of a broader effort by the U.S. to import goods from closer to home and reduce its dependence on geopolitical rivals.

U.S. trade partners: China, Mexico, and Canada

The U.S. itself is the world’s second largest goods exporter, with over $2 trillion annually.

Canada was the largest purchaser of U.S. exports in 2022, accounting for 17% of total exports, followed by Mexico, China, Japan, and the United Kingdom.

The top exports of the United States are refined petroleum, petroleum gas, crude petroleum, cars, and integrated circuits.

The Regional View of Exports by Country

From a regional perspective, it’s clear Asia dominates the trading market with over 36% of the total exports, followed by Europe with 34%.

Exports by country, by region

Source: World Trade Organization

While Asian, European, and North American countries have manufactured and technology products among their main exports, African and South American countries mostly export commodities such as oil, gold, diamonds, cocoa, timber, and precious metals.

A New Era of Deglobalization?

International trade grew immensely at the beginning of the 21st century, from $15.6 trillion in 2001 to $40.7 trillion in 2008.

Since then, protectionist trade policies such as taxes on foreign goods and import quotas have increased by 663%. Similarly, global trade as a percent of GDP has also stalled out, peaking in 2008 and going sideways ever since.

Despite many countries reducing their interdependence and integration in the post-COVID era, global exports are still set to grow by 70% between 2020 and 2030, reaching $29.7 trillion by 2030, according to Standard Chartered.

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This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

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The Top 10 States by Real GDP Growth in 2023

This graphic shows the states with the highest real GDP growth rate in 2023, largely propelled by the oil and gas boom.

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The Top 10 States by Real GDP Growth in 2023

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.

Fueled by strong consumer spending and a resilient job market, the U.S. economy expanded faster than expected in 2023, with a real GDP growth rate of 2.5%.

Oil-rich states were among the strongest performers in the country as production boomed. Much of this was due to the war in Ukraine driving up the price of oil, spurring companies to boost output. Other sectors, such as retail trade, also played a key role in driving growth amid robust consumer demand.

This graphic shows the fastest growing states by real GDP, based on data from the Bureau of Economic Analysis.

 

 

Strongest State Economies in 2023

As the world’s largest oil producer, the U.S. hit a historic 12.9 million barrels per day in crude oil production in 2023—more than any other country ever.

Given these tailwinds, the top five fastest-growing states by real GDP in 2023 were all powered by the mining, quarrying, and oil and gas extraction sector. Below, we show the strongest state economies by real GDP growth last year:

RankStateReal GDP Growth
2023 YoY
Real GDP 2023
1North Dakota+5.9%$58B
2Texas+5.7%$2.0T
3Wyoming+5.4%$39B
4Alaska+5.3%$53B
5Oklahoma+5.3%$202B
6Nebraska+5.2%$144B
7Florida+5.0%$1.3T
8Washington+4.8%$672B
9West Virginia+4.7%$80B
10Kansas+4.3%$182B
U.S.+2.5%$22.4T

North Dakota witnessed the highest growth, with real GDP rising by 5.9%.

As the third largest oil-producing state, it also has one of the strongest job markets in the country. In February 2024, the state’s unemployment rate was 2.0%, significantly lower than the national average of 3.9%.

Falling in second is Texas, whose economy surged to $2 trillion in inflation-adjusted terms. In 2023, the oil and gas industry generated about $72 million per day in local and state taxes in addition to state royalties. Roughly half of U.S. crude oil exports are shipped from Corpus Christi Bay, a port along the Texas coastline.

As the seventh-fastest growing state, Florida’s economy was largely supported by retail trade, its biggest driver. Moreover, Florida boasted the highest growth rates nationwide in both personal and property income, rising at 7.0% and 8.8%, respectively, over the year.

By contrast, some of the slowest growing states were Delaware, Mississippi, and New York, each with a real GDP growth rate falling below 1%.

 

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