Connect with us

Markets

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

Published

on

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 โ€œWorld’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)
1๐Ÿ‡จ๐Ÿ‡ณ China$3.6T
2๐Ÿ‡บ๐Ÿ‡ธ U.S.$2.1T
3๐Ÿ‡ฉ๐Ÿ‡ช Germany$1.7T
4๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands$965.5B
5๐Ÿ‡ฏ๐Ÿ‡ต Japan$746.9B
6๐Ÿ‡ฐ๐Ÿ‡ท South Korea$683.6B
7๐Ÿ‡ฎ๐Ÿ‡น Italy$656.9B
8๐Ÿ‡ง๐Ÿ‡ช Belgium$632.9B
9๐Ÿ‡ซ๐Ÿ‡ท France$617.8B
10๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong$609.9B
11๐Ÿ‡ฆ๐Ÿ‡ช 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.

green check mark icon

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.

Click for Comments

Jobs

Ranked: Average Annual Salaries by Country

See how average annual salaries vary across 30 different countries, adjusted for purchasing power parity (PPP).

Published

on

Ranked: Average Annual Salaries by Country

This was originally posted on ourย Voronoi app. Download the app for free onย iOSย orย Androidย and discover incredible data-driven charts from a variety of trusted sources.

There are many reasons for why salaries vary between countries: economic development, cost of living, labor laws, and a variety of other factors. Because of these variables, it can be difficult to gauge the general level of income around the world.

With this in mind, we’ve visualized the average annual salaries of 30 OECD countries, adjusted for purchasing power parity (PPP). This means that the values listed have taken into account the differences in cost of living and inflation between countries.

Data and Key Takeaways

This data was sourced from the OECD (Organisation for Economic Co-operation and Development), an international organization that promotes policies to improve economic and social well-being. It has 38 member countries, though in this instance, data for all of them was not available.

All figures are as of 2022.

RankCountryAverage Annual Salary
(USD, PPP adjusted)
1๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg78,310
2๐Ÿ‡บ๐Ÿ‡ธ U.S.77,463
3๐Ÿ‡จ๐Ÿ‡ญ Switzerland72,993
4๐Ÿ‡ง๐Ÿ‡ช Belgium64,848
5๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark64,127
6๐Ÿ‡ฆ๐Ÿ‡น Austria63,802
7๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands63,225
8๐Ÿ‡ฆ๐Ÿ‡บ Australia59,408
9๐Ÿ‡จ๐Ÿ‡ฆ Canada59,050
10๐Ÿ‡ฉ๐Ÿ‡ช Germany58,940
11๐Ÿ‡ฌ๐Ÿ‡ง UK53,985
12๐Ÿ‡ณ๐Ÿ‡ด Norway53,756
13๐Ÿ‡ซ๐Ÿ‡ท France52,764
14๐Ÿ‡ฎ๐Ÿ‡ช Ireland52,243
15๐Ÿ‡ซ๐Ÿ‡ฎ Finland51,836
16๐Ÿ‡ธ๐Ÿ‡ช Sweden50,407
17๐Ÿ‡ฐ๐Ÿ‡ท South Korea48,922
18๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia47,204
19๐Ÿ‡ฎ๐Ÿ‡น Italy44,893
20๐Ÿ‡ฎ๐Ÿ‡ฑ Israel44,156
21๐Ÿ‡ช๐Ÿ‡ธ Spain42,859
22๐Ÿ‡ฏ๐Ÿ‡ต Japan41,509
23๐Ÿ‡ต๐Ÿ‡ฑ Poland36,897
24๐Ÿ‡ช๐Ÿ‡ช Estonia34,705
25๐Ÿ‡จ๐Ÿ‡ฟ Czechia33,476
26๐Ÿ‡ต๐Ÿ‡น Portugal31,922
27๐Ÿ‡ญ๐Ÿ‡บ Hungary28,475
28๐Ÿ‡ธ๐Ÿ‡ฐ Slovak Republic26,263
29๐Ÿ‡ฌ๐Ÿ‡ท Greece25,979
30๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico16,685

From this dataset we can see that Luxembourg, the U.S., and Switzerland offer the highest average annual salaries.

All three of these countries are highly developed economies with well-established service sectors, which typically lead to more high-paying jobs. The cost of living in these countries is also relatively high, necessitating higher wages to maintain a standard quality of life.

At the other end of this ranking, Mexico and Greece have the lowest average salaries. In Mexico’s case, the country’s economy has a large portion of lower-wage jobs, particularly in agriculture and manufacturing.

Greece, on the other hand, has struggled with consistently high unemployment since the 2008 global financial crisis. This puts downward pressure on wages because there is a surplus of labor.

See More Economics Graphics From Visual Capitalist

If you enjoy graphics like these, check out Visualized: The Most (and Least) Expensive Cities to Live In.

Continue Reading
Limited Time Offer: Lifetime Access to VC+

Subscribe

Popular