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Mapped: The World’s Biggest Importers in 2018

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Mapped: The World's Biggest Importers

Mapped: The World’s Biggest Importers in 2018

If a country’s economy was entirely self-sufficient and independent, it wouldn’t ever need to import goods from elsewhere.

While the prospect of insulating yourself from the turbulence of global markets may sound alluring at first glance, it would come with considerable caveats, risks, and downsides.

Not only would it mean missing out on the world’s best foreign products, but it would likely translate to incredibly expensive goods domestically. Meanwhile, highly specialized products would be unavailable, and unforeseen events (natural disasters, labor strikes, droughts, etc.) would have the potential to disrupt supply chains in ways that lead to economic chaos.

For these reasons — along with many others — most economies opt to import in billions of dollars of goods each year from their international trading partners.

Which Countries Import the Most Goods?

Today’s map comes from HowMuch.net, and it resizes countries based on the value of their annual imports in 2018. The visualization is based on data from the World Trade Organization.

Let’s take a look at the 15 countries that are the world’s biggest importers:

Rank
Country
Imports (2018, $M)
Share of Global Total
#1🇺🇸 United States$2,614,32713.2%
#2🇨🇳 China$2,135,90510.8%
#3🇩🇪 Germany$1,285,6446.5%
#4🇯🇵 Japan$748,7353.8%
#5🇬🇧 United Kingdom$673,549
3.4%
#6🇫🇷 France$672,593
3.4%
#7🇳🇱 Netherlands$646,029
3.3%
#8🇭🇰 Hong Kong, China$627,517
3.2%
#9🇰🇷 Korea, Republic of$535,202
2.7%
#10🇮🇳 India$510,665
2.6%
#11🇮🇹 Italy$500,795
2.5%
#12🇲🇽 Mexico$476,569
2.4%
#13🇨🇦 Canada$469,000
2.4%
#14🇧🇪 Belgium$450,116
2.3%
#15🇪🇸 Spain$388,044
2.0%

In combination, economies around the world import a total of $19.9 trillion in goods each year.

The world’s largest single importer is the United States, with a 13.4% share of global imports equal to $2.6 trillion of goods. Following the U.S. are two other significant economies, each which import over $1 trillion in goods every year: China ($2.1 trillion), and Germany ($1.3 trillion).

Finally, it’s worth noting that if the numbers for the European Union (28) were combined into a single entity, it’d be the world’s biggest importer by far with nearly $6.5 trillion of imports.

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Markets

Ranked: Top 10 Single-Day Market Cap Gains

Nvidia broke the record for the largest single-day market cap gains after adding nearly $250B on Feb. 22, 2024.

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The 10 Biggest Single-Day Market Cap Gains

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.

Since the COVID-19 pandemic, U.S. tech stocks have led in terms of market cap gains, sometimes boosting their valuations by hundreds of billions of dollars in a single day.

In this graphic, we’ve ranked the largest single-day gains ever recorded, using data from Bloomberg.

Top 10 List

The top 10 list includes just 5 companies, and all are based in the U.S.

RankDateCompanySingle-day
Market Cap Gain
(USD billions)
1Feb 22, 2024NVIDIA$247.0
2Feb 2, 2024Meta$196.8
3Nov 10, 2022Apple$190.9
4Feb 4, 2022Amazon$190.8
5May 25, 2023NVIDIA$184.1
6Jan 28, 2022Apple$178.9
7Jul 31, 2020Apple$169.0
8Oct 28, 2022Apple$150.5
9Mar 13, 2020Microsoft$150.4
10Apr 26, 2023Microsoft$148.3

To put these massive gains into context, consider this: As of May 2023, the average market cap of an S&P 500 company was $30.4 billion.

Meta’s $197B Record Didn’t Last Long

On Feb 2. 2024, Meta set a new record for the largest single-day gain after reporting strong quarterly earnings, as well as announcing $50B in share repurchases and its first ever dividend payment.

This record lasted only 20 days, however, as Nvidia’s massive Q4 2024 earnings beat sent it to all-time highs. The firm is now nearing a $2T valuation, firmly placing it among the world’s most valuable corporations.

More on Nvidia’s Earnings…

Nvidia reported $12.3B in net income during Q4 2024, which is 769% higher than the same quarter last year. Revenues are also up 265% from last year, largely driven by demand for its AI chips like the H100 Tensor Core GPU.

Nvidia’s earnings have seemingly shifted the AI craze into another gear, boosting other chip stocks like AMD and Super Micro Computer (SMCI) to double-digit % gains for the day (Feb 22).

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