The Top Imports in Asia
By 2040, Asia is projected to make up 40% of worldwide consumption. What types of goods and products are in high demand by the world’s (soon-to-be) largest consumer? One way to tackle this question is by looking at the top imports across Asia.
The map above does just that. For brevity, we’ve excluded regions with a top import value below $1 billion.
Top Imports in Asia, by Country
Just like the Americas, petroleum is the most popular import in Asia. In fact, it’s the top import in 19 of the 34 countries included on this list, including in China where over $200 billion worth of petroleum was imported in 2018:
|Country||Region||Top Import||Import Value (2018, USD)|
|🇨🇳 China||Eastern Asia||Petroleum||$207.6 B|
|🇭🇰 China, Hong Kong SAR||Eastern Asia||Electronic integrated circuits||$155.9 B|
|🇮🇳 India||Southern Asia||Petroleum||$101.4 B|
|🇰🇷 South Korea||Eastern Asia||Petroleum||$74.8B|
|🇯🇵 Japan||Eastern Asia||Petroleum||$72.3B|
|🇸🇬 Singapore||South-eastern Asia||Petroleum||$48.0 B|
|🇲🇾 Malaysia||South-eastern Asia||Electronic integrated circuits||$29.6 B|
|🇦🇪 United Arab Emirates||Western Asia||Gold||$ 27.3 B|
|🇹🇭 Thailand||South-eastern Asia||Petroleum||$23.7 B|
|🇻🇳 Vietnam||South-eastern Asia||Electronic integrated circuits||$23.0 B|
|🇵🇭 Philippines||South-eastern Asia||Electronic integrated circuits||$20.1 B|
|🇮🇩 Indonesia||South-eastern Asia||Petroleum||$16.1 B|
|🇹🇷 Turkey||Western Asia||Petroleum||$12.4 B|
|🇸🇦 Saudi Arabia||Western Asia||Vehicles||$8.9 B|
|🇮🇱 Israel||Western Asia||Petroleum||$7.2 B|
|🇵🇰 Pakistan||Southern Asia||Petroleum||$5.8 B|
|🇰🇭 Cambodia||South-eastern Asia||Gold||$5.7 B|
|🇧🇭 Bahrain||Western Asia||Petroleum||$5.3 B|
|🇶🇦 Qatar||Western Asia||Aircrafts||$4.5 B|
|🇧🇩 Bangladesh||Southern Asia||Petroleum||$4.1 B|
|🇮🇶 Iraq||Western Asia||Broadcasting equipment||$3.8 B|
|🇮🇷 Iran||Southern Asia||Vehicles||$3.5 B|
|🇱🇧 Lebanon||Western Asia||Petroleum||$3.5 B|
|🇰🇼 Kuwait||Western Asia||Vehicles||$3.0 B|
|🇲🇲 Myanmar||South-eastern Asia||Petroleum||$2.8 B|
|🇱🇰 Sri Lanka||Southern Asia||Petroleum||$2.3 B|
|🇴🇲 Oman||Western Asia||Vehicles||$2.2 B|
|🇨🇾 Cyprus||Western Asia||Petroleum||$2.2 B|
|🇯🇴 Jordan||Western Asia||Vehicles||$1.5 B|
|🇳🇵 Nepal||Southern Asia||Petroleum||$1.4 B|
|🇦🇿 Azerbaijan||Western Asia||Gold||$1.3 B|
|🇰🇿 Kazakhstan||Central Asia||Petroleum||$1.1 B|
|🇲🇳 Mongolia||Eastern Asia||Petroleum||$1.0 B|
Vehicles are the second most popular, ranking first in five countries. Saudi Arabia is the top importer of vehicles, with an import value of $8.9 billion in 2018.
In third place, electronic integrated circuits, which are small chips used in electronic devices, rank as the top import in four countries. Three of those are in South-eastern Asia, which makes sense considering the region is becoming Asia’s manufacturing hub.
Hong Kong is the top importer of integrated circuits—not just across Asia, but worldwide. Interestingly, integrated circuits are also Hong Kong’s top export. Because many of Hong Kong’s manufacturing facilities have been relocated to China, the region’s electronics industry focuses on R&D, product design, and logistics.
>> Interested in global trade? You should check out this article: The Top Import for Each Country: The Americas
The Most Significant Cyber Attacks from 2006-2020, by Country
Cyber crime is expected to cost the global economy trillions per year by 2025. Here are the countries with the most severe cyber attacks from 2006-2020.
Significant Cyber Attacks from 2006-2020, by Country
Committing a cyber crime can have serious consequences. In the U.S., a cyber criminal can receive up to 20 years in prison for hacking into a government institution if it compromises national security.
Yet, despite the consequences, cyber criminals continue to wreak havoc across the globe. But some countries seem to be targeted more than others.
Using data from Specops Software, this graphic looks at the countries that have experienced the most significant cyber attacks over the last two decades.
|Rank||Country / Region||Number of Significant Cyber Attacks (2006-2020)|
|1||🇺🇸 United States||156|
|2||🇬🇧 United Kingdom||47|
|5||🇰🇷 South Korea||18|
|10||🇸🇦 Saudi Arabia||15|
|17||🇭🇰 Hong Kong||7|
|20||🇰🇵 North Korea||5|
The U.S. comes in first place, with 156 recorded cyber attacks. That’s an average of 11 significant attacks per year, which is more than Russia’s had in 14 years.
What are the Most Common Types?
While there are many different types of cyber attacks, Specops highlights the four most commonly used for significant cyber crimes:
- Structured Query Language (SQL) Injection Attack
SQL is the code used to communicate with a database. In an SQL injection attack, the hacker writes vindictive SQL code and inserts it into a victim’s database, in order to access private information.
- A man-in-the-middle (MitM)
This form of attack happens when a cyber criminal hacks into a communication channel between two people, and eavesdrops on their online exchanges.
- Phishing Attack
When a cyber criminal poses as a legitimate institution and emails a victim to gain personal details like login credentials, home address, credit card information.
- Denial of Service Attack (DoS)
This involves flooding a victim’s system with traffic, to the point where their network is inaccessible. The hacker doesn’t gain any valuable information from this style of attack.
»Like this? Here’s another article you might enjoy: The 15 Biggest Data Breaches in the Last 15 Years
How Does the Bill and Melinda Gates Foundation Invest Its Money?
The Bill and Melinda Gates Foundation is funded by a trust that has a portfolio value of over $25 billion. Here’s how it invests its assets.
How Does the Bill and Melinda Gates Foundation Invest Its Money?
Bill and Melinda Gates have announced they are ending their marriage, but will continue to work together at their foundation.
The Bill and Melinda Gates Foundation, launched in 2000, is the largest private philanthropic organization in the United States. It has spent over $50 billion on global public health over the last two decades, including $1.75 billion on COVID-19 relief.
Of course, the foundation’s assets are managed by a trust until they are ready to be distributed to grantees. Here’s a look at how the Bill and Melinda Gates Foundation Trust invests its assets.
The Portfolio Breakdown
The trust has invested 100% of its holdings in stocks. It holds almost half of its value in Berkshire Hathaway, the holding company run by Warren Buffett.
|Stock||Value||% of Portfolio|
|Canadian National Railway||$1.9B||7.2%|
|Liberty Latin America||$14M||0.1%|
However, the portfolio is more diversified than initially meets the eye—Berkshire Hathaway itself is invested in almost 50 stocks.
Shrodinger, a healthcare-focused software company that makes up 2% of the trust’s total portfolio, was one of the best performing stocks of 2020 by price returns. The portfolio has also been boosted by delivery companies UPS and FedEx, both of which saw their share prices more than double over the last year as online shopping took off.
While the trust is dominated by U.S.-domiciled companies, a few foreign names do make the list. For example, Canadian National Railway makes up over 7% of the portfolio, while the Latin American bottler Coca-Cola FEMSA makes up just over 1%.
The Future of the Foundation
The trust continues to be managed by a team of outside investment managers, whose decisions have a critical impact on the amount of money the Bill and Melinda Gates Foundation has to fund its initiatives. For example, if Berkshire Hathaway were to dip 10%, this would drop the portfolio value by more than $1 billion.
In addition, the foundation is funded in part by the Gates’ personal donations—more than $36 billion from 1994 to 2018. Should Bill and Melinda go on to create their own separate philanthropic efforts post-divorce, the foundation may have a smaller portfolio to pull from going forward.
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