China

Visualizing the World’s Largest Importers in 2017

Published

5 years ago

July 11, 2018

Jeff Desjardins

Visualizing the World's Largest Importers in 2017

Visualizing the World’s Largest Importers in 2017

For most world leaders and corporate executives, the swing of the global pendulum to more protectionist policies has been an unpleasant surprise.

That’s because the consensus view from both economists and economic historians has been that measures like the Smoot-Hawley Tariff Act of 1930, which triggered a trade war during the Great Depression, greatly exacerbated circumstances that were already quite dire.

It’s common for tariff increases to be countered by retaliatory measures, and this can often translate to lower levels of international trade and decreased economic growth across the board. During the period of 1929 to 1934, according to the U.S. State Department, world trade decreased by 66% – largely a result of subsequent trade wars after the passing of Smoot-Hawley.

For the above reasons, international barriers to trade have been falling for decades – until now, of course.

Largest Importers

Which countries can throw their weight around the most with tariffs and retaliatory measures?

It’s those that import the most goods – and today’s infographic from HowMuch.net shows the world’s largest importers in 2017, according to recently released data from the World Trade Organization.

Here are the top 15 largest importers, globally:

Rank	Country	Imports ($B)	% of Global Imports
#1	USA	$2,409 billion	13.4%
#2	China	$1,842 billion	10.2%
#3	Germany	$1,167 billion	6.5%
#4	Japan	$672 billion	3.7%
#5	United Kingdom	$644 billion	3.6%
#6	France	$625 billion	3.5%
#7	Hong Kong (China)	$590 billion	3.3%
#8	Netherlands	$574 billion	3.2%
#9	South Korea	$478 billion	2.7%
#10	Italy	$453 billion	2.5%
#11	India	$447 billion	2.5%
#12	Canada	$442 billion	2.5%
#13	Mexico	$432 billion	2.4%
#14	Belgium	$403 billion	2.2%
#15	Spain	$351 billion	1.9%

The United States takes home the number one spot with $2,409 billion of imports in 2017, about 13.4% of the global total. It’s worth mentioning that this is $860 billion higher than the country’s exports in 2017, and that the difference between the two numbers is the hotly-debated trade deficit.

China and Germany come in the #2 and #3 spots respectively, with $1,842 billion (10.2% of global total) of imports for China and $1,167 billion (6.5% of total) for Europe’s largest economy.

After the big three, no other country has a number exceeding 5% of global imports, but Japan, the United Kingdom, France, Hong Kong (China), and the Netherlands all surpass the 3% mark.

Related Topics:united states trade trump trade war tariffs protectionism china

Up Next

A Short History of U.S. Trade Wars

Don't Miss

The Base Metal Boom: The Start of a New Bull Market?

Click for Comments

Maps

Ranked: The Cities with the Most Skyscrapers in 2023

We rank the world’s leading cities with the most skyscrapers, highlighting China’s remarkable dominance in building vertically.

Published

2 weeks ago

May 18, 2023

Jeff Desjardins

Ranked: The Cities with the Most Skyscrapers in 2023

When it comes to soaring skylines and architectural marvels, no country has embraced the vertical revolution quite like China.

In this graphic, which uses data from the Council on Tall Buildings and Urban Habitat (CTBUH), we reveal the 25 cities with the most skyscrapers and supertall buildings globally.

Unsurprisingly, China’s cities dominate the list, solidifying the country’s reputation as a global powerhouse of tall buildings.

The 25 Top Cities by Skyscraper Count

Topping the charts is Hong Kong, with an impressive 657 skyscrapers, including six supertalls (buildings over 300 meters tall).

Rank	City	Country	Skyscrapers (>150m)	Supertalls (>300m)
1	Hong Kong	🇨🇳 China	657	6
2	Shenzhen	🇨🇳 China	513	16
3	New York City	🇺🇸 United States	421	16
4	Dubai	🇦🇪 United Arab Emirates	395	28
5	Guangzhou	🇨🇳 China	254	11
6	Shanghai	🇨🇳 China	250	5
7	Kuala Lumpur	🇲🇾 Malaysia	211	5
8	Chongqing	🇨🇳 China	205	5
9	Tokyo	🇯🇵 Japan	200	0
10	Wuhan	🇨🇳 China	183	5
11	Chicago	🇺🇸 United States	178	7
12	Jakarta	🇮🇩 Indonesia	160	1
13	Chengdu	🇨🇳 China	150	0
14	Bangkok	🇹🇭 Thailand	133	3
15	Shenyang	🇨🇳 China	129	3
16	Singapore	🇸🇬 Singapore	128	0
17	Nanning	🇨🇳 China	122	6
18	Mumbai	🇮🇳 India	114	0
19	Tianjin	🇨🇳 China	109	3
20	Nanjing	🇨🇳 China	108	7
21	Toronto	🇨🇦 Canada	106	0
22	Busan	🇰🇷 South Korea	106	4
23	Seoul	🇰🇷 South Korea	104	2
24	Changsha	🇨🇳 China	97	5
25	Melbourne	🇦🇺 Australia	94	1

Hong Kong, along with Shenzhen (#2), and Guangzhou (#5) are part of the burgeoning megacity known as the Pearl River Delta, which is home to over 1,500 skyscrapers. This is even more impressive when considering that Shenzhen was a small fishing village until the 1970s.

New York City secures the third position on the list, boasting an impressive tally of 421 skyscrapers. Although it may have relinquished its title to Chinese cities, the city’s skyline endures as a globally renowned symbol, prominently featuring the iconic Empire State Building. Notably, while the Empire State Building enjoys widespread familiarity, it no longer ranks among the world’s 50 tallest structures.

Rounding out the top five is Dubai in the United Arab Emirates, which grabs the fourth position with 395 skyscrapers, a staggering 28 of which are supertalls. This desert oasis has become synonymous with grandiose architecture and record-breaking structures, exemplified by the Burj Khalifa, which is the world’s current tallest building at 828 meters (2,715 ft).

China’s Numbers in Context

Looking at this data from another perspective, China actually has more skyscrapers on this list than the rest of the world combined.

Country	Cities in Top 25	Skyscrapers	Supertalls
🇨🇳 China	12	2777	72
🌐 Rest of World	13	2350	67

China’s rapid urbanization, economic growth, and ambitious construction projects have fueled this impressive feat. There’s no doubt that the country’s relentless pursuit of vertical development, coupled with its booming population and thriving cities, has positioned China as the unrivaled leader in the global skyscraper race.

The Future of the Global Skyline

As the world continues to reach new heights in architectural marvels, there are even more supertall skyscrapers in the pipeline that will reshape skylines across the globe.

From the soaring Jeddah Tower in Saudi Arabia, poised to surpass the Burj Khalifa as the world’s tallest building, to the remarkable Merdeka 118 in Kuala Lumpur, which is set to claim the title of the world’s second-tallest structure when it opens in June 2023, these projects will captivate city dwellers for years to come.

Even as these new monumental buildings rise, China’s prominence in the world of skyscrapers—with three cities in the top five globally—is likely to remain unchallenged.