Top 10 World Largest Exporting Countries 2023
Globally, total export products were worth an estimated US$21.513 trillion in 2023. That dollar amount reflects an 22.5% increase over the 5-year period starting in 2017 and a 22.9% uptick from $17.499 trillion two year earlier during 2020. Top 10 World Largest Exporting Countries 2023.
As assessed by total value, the top 10 export countries are China, United States of America, Germany, Japan, Netherlands, Hong Kong, South Korea, Italy, France and Belgium. Combined, those leading exports-based economies represent about half (50.7%) of global exports by value from all countries.
Top 3 Largest Exporting Countries
Based on statistics from the International Monetary Fund, the total Gross Domestic Product (GDP) on a Purchasing Power Parity (PPP) basis for all countries totaled $146.043 trillion in 2021. That global economic benchmark rose 10.2% from $132.487 trillion one year earlier in 2020.
Based on the above metrics, exported goods account for 14.7% of overall worldwide economic output during 2021 in terms of GDP in Purchasing Power Parity (PPP) terms. That percentage compares to 13.2% one year earlier, suggesting the relatively expanding importance of exported goods in terms of global economic performance.
As of July 2021, the earth’s population was roughly 7.9 billion. Applying that metric, the $21.513 trillion in total exports translates to approximately $2,700 for every person on the planet in 2021.
Top 10 World Largest Exporting Countries 2021
According to the World’s Top Exports website, the top 10 largest exporting countries in 2021 are as follows:
- United States
- South Korea
- Hong Kong
These rankings are based on the total dollar value of goods exported by each country. It is worth noting that these rankings can vary from year to year and may change in the future.
Top Export Countries
Below are the world’s top export countries that shipped the highest dollar value in exports during 2021. Also shown is the change in the total value of exported products for each country from 2020 to 2023.
|RANK||COUNTRY||2023 EXPORT SALES (US$)||2020-3|
World’s Largest & Fastest-Growing Export Countries
The world’s 25 largest exporting nations supplied well over three-quarters (78.3%) of total exported products sold during 2023 as measured in dollar value.
Each of those 25 major economies grew the value of their exports from 2020 to 2023, with no decliners.
Year over year, the top export gainers were:
Saudi Arabia (up 51.6%), Russia (up 46%), Vietnam (up 44.5%), India (up 43.3%), Australia (up 35.8%), Brazil (up 34.2%), Belgium (up 30.5%) and Canada (up 29.2%).
Posting the most modest annual increases in revenues from exported products were China (up 16.8% from 2020), Germany (up 17.9%), Japan (up 18.2%) and the United Kingdom (up 18.3%).
See also China’s Top 10 Exports, United States Top 10 Exports, Germany’s Top 10 Exports, Japan’s Top 10 Exports and Netherlands Top 10 Exports