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Service exports refer to the cross-border sale or supply of services by residents of one country to residents of another country. Some countries have significantly high export figures relative to their economy's size (i.e. Netherlands, Singapore and UAE) due to their high amount of re-exports .
CountryExportsYearTop Export (2021) [2]3,715,8272022Broadcasting equipment3,011,8592022Petroleum2,060,4092022Cars1,005,3192022Packaged medicationsOct 3, 2023 · 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 11. Country.
2. United States. The U.S. is the second-largest exporter in the world, with an estimated $2.12 trillion in exports for 2020. The largest exports of the U.S. are crude and refined petroleum; integrated circuits; pharmaceuticals and medical instruments; and aircraft including planes, spacecraft, and helicopters as well as their replacement parts.
For many countries, exports have become an integral part of economic strategies and vision for progress. However, the dynamics of exports greatly differ across the globe. Firstly, China takes the lead, exporting goods and services worth $3.6 trillion, followed by the United States at $2.5 trillion and Germany at $2 trillion.
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Apr 11, 2024. The value of exports of China amounted to almost 3.4 trillion U.S. dollars in 2023, meaning that it was, by far, the country with the highest exports worldwide that year. China's ...
Combined, those leading exports-based economies represent about half (49.3%) of global exports by all countries, islands or territories. Based on statistics from the International Monetary Fund, the total Gross Domestic Product (GDP) on a Purchasing Power Parity (PPP) basis for all exporting geographies totaled $163.5 trillion in 2022.
Nov 17, 2020 · Like other regions, petroleum stands out as a key export in countries across Latin America. Take Venezuela. With the largest oil reserves in the world, its oil exports were valued at $90 billion annually ten years ago. Since the pandemic, however, earnings are projected to reach just a fraction of this total—only $2.3 billion this year.
