Just like any business, a country has to sell its products to earn money. Here is a list of the 10 biggest exporting countries in the world.
10. United Kingdom – $479.2 billion
The United Kingdom has the sixth largest economy in the world in terms of nominal gross domestic product and eighth in terms of purchasing power parity. It is the second largest in Europe next only to Germany. On a per capita basis, its gross domestic product is the 22nd largest in the world, both in nominal and purchasing power parity terms. In terms of exports, its primary products are manufactured goods, sup, chemicals, food, tobacco and beverages. Its main export partners are Germany, which accounts for 11.6 percent of its exports, and the United States, which receive 10.6 percent of all the country’s trade. Other significant export trading partners are the Netherlands at 8.4 percent, France at 7.8 percent, the Republic of Ireland at 6.4 percent and Belgium at 5.7 percent.
9. Russia – $520.3 billion
Russia has the eighth largest economy in the world in terms of nominal gross domestic product and sixth in terms of purchasing power parity. The country is blessed with an abundance of precious metals and fossil fuels, like oil, natural gas and coal. Though it was also hit with a recession, it has generally survived the global financial crisis. Its main exports are petroleum and other petroleum products, natural gas, metals, wood, other wood products, chemicals, manufacturing products and military hardware and weapons. Its main export clients are the Netherlands at 12.3 percent, China at 6.5 percent, Italy at 5.6 percent, Germany at 4.6 percent and Poland at 4.3 percent.
8. Italy – $524.9 billion
In terms of nominal gross domestic product, Italy has the ninth largest economy in the world. It is the tenth largest in terms of purchasing power parity. It has a highly developed infrastructure and diversified industrial economy. Its main exports are engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals, food, beverages, tobacco, minerals and nonferrous metals. Its main export partners are Germany at 12.6 percent, France at 11.57 percent, the United States at 5.92 percent, Spain at 5.69 percent, the United Kingdom at 5.13 percent and Switzerland at 4.69 percent.
7. Netherlands – $550.2 billion
The Netherlands has the 17th largest economy in the world, though its high per capita income makes it among the ten richest nations on earth. Its economy took a hit because of the global financial crisis, with the economy declining, banks going bankrupt and unemployment rising. Still, the Dutch have always proven to be resilient and has managed to maintain a top credit rating from reputable agencies. The country is well versed in trading, having invented the stock market. Its main exports are machinery and equipment, chemicals, fuels and food items. Main export partners are Germany at 25.4 percent, Belgium at 13.7 percent, France at 8.9 percent, the United Kingdom at 8.8 percent and Italy at 5.2 percent.
6. South Korea – $552.8 billion
South Korea has the 15th largest economy in the world. Its main export products are semiconductors, wireless telecommunication equipment, motor vehicles, computers, steel, ships and petrochemicals. Its main export partners are China at 24.4 percent, the United States at 10.1 percent and Japan at 7.1 percent.
5. France – $589.7 billion
France has the fifth largest economy in the world in nominal terms and ninth in purchasing power parity figures. It has always been one of the most developed economies on earth. It mainly exports agricultural products, machinery, transportation, aircraft, plastics, chemicals, pharmaceuticals, iron, steel, beverages and electronics. Main partners are Germany at 15.68 percent, Italy at 8.16 percent, Spain at 7.8 percent, Belgium 7.44 percent, United Kingdom 7.04 percent, United States 5.65 percent and the Netherlands at 3.99 percent.
4. Japan – $787 billion
Japan has the third largest economy in the world in nominal terms and fourth in purchasing power parity. It also has the largest electronics goods industry. Main exports are motor vehicles, semiconductors, iron and steel, auto parts, plastic materials and power generating machinery. Export partners include China at 21.5 percent, the United States at 8.9 percent, Australia at 6.6 percent, Saudi Arabia at 5.9 percent, the United Arab Emirates at 5 percent and South Korea at 4.7 percent.
3. United States – $1.497 trillion
The United States has the largest economy in the world, with its purchasing power parity accounting for a fifth of the global gross domestic product. Blessed with natural resources and well-developed infrastructure, it is one of the wealthiest nations on earth. Its exports include capital goods, industrial supplies and materials, consumer goods, automobiles and its components, food, feed, beverages, fuel and petroleum products and aircraft and its allied components. Its major export partners include Canada at 18.9 percent, Mexico at 14 percent, China at 7.1 percent, Japan at 4.5 percent and the United Kingdom at 3.5 percent.
2. Germany – $1.547 trillion
Germany has the fourth largest economy in the world in nominal terms and fifth in terms of purchasing power parity. It is the largest economy in the whole of Europe. Though not blessed with raw materials as it only has lignite and potash salt available in significant amounts, it nevertheless is still the second largest exporter in the world, with exports account for a third of its economic output. Export goods include motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, food items, textiles, rubber and plastic products. Main partners are France at 9.4 percent, the United States at 6.8 percent, Netherlands 6.6 percent, the United Kingdom at 6.2 percent, Italy 6.2 percent, China 5.7 percent, Austria 5.5 percent, Belgium 4.7 percent and Switzerland 4.4 percent.
1. China – $1.904 trillion
China has the second largest economy in the world. It mainly exports electrical machinery, data processing equipment, apparel, textiles, iron, steel, optical and medical equipment. Main partners are Japan at 11.2 percent, South Korea 9.3 percent, the United States at 6.8 percent, Germany 5.3 percent and Australia at 4.6 percent.
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