FX.co ★ Top-10 leading exporting countries of 2019

China

China is regarded by experts as the leader among exporting countries. A special feature of the modern Chinese economy is its dependence on the external market. Export accounts for 80% of the country's foreign exchange earnings. The world market consumes 20% of the gross output of industry and agriculture of China. The state maintains trade and economic relations with 182 countries of the world. In addition, it has intergovernmental trade agreements and protocols signed with 80 of them.

United States

The second place among the world's largest exporters goes to the United States. The main export goods are oil products, automobiles, airplanes, spare parts for cars, and medical supplies. Canada (17%), Mexico (13%), Japan (4.6%), and Germany (4.2%) are considered to be the major buyers of American products.

Germany

The third line of this ranking is occupied by Germany. A special feature of the German economy is its export orientation. The state is interested in the open market and strengthens its presence on the international stage. The key trading partners are the countries of the European Union, in particular France and the United Kingdom, as well as the US, India, China, and the Eastern European States.

Japan

The fourth position in the list of exporting countries goes to Japan. The Land of the Rising Sun exports motor vehicles, electronics, and chemicals. The key trading partners include the US, China, South Korea, Taiwan, and Hong Kong.

Netherlands

The Netherlands takes the fifth position in the ranking. The key export items are chemical products, meat, greenhouse vegetables, natural gas, floriculture products, and metal goods. Germany, Belgium, the United Kingdom, and France are the leading trading partners.

South Korea

South Korea occupies the sixth place among the largest exporters. Its main economic partner is the United States. The economy of South Korea is ranked higher compared with many developed European countries, in particular Italy and France. Other important trading partners are East Asian countries, among which Japan and China are the leaders. The main supplier of oil to South Korea is Saudi Arabia.

Hong Kong

The seventh line of the current ranking is taken by Hong Kong. China plays the most important role in foreign trade. For mainland China, Hong Kong is the largest open port and the main source of foreign investment, as well as a key offshore center for Chinese capital.

France

The eighth place among the largest exporting countries goes to France. The lion's share of exports accounts for engineering products, including transportation equipment, automobiles, chemical products, agricultural and food products, semi-finished products, and others.

Italy

The ninth line of this ranking is occupied by Italy. The country is one of the leading manufacturers and suppliers of the global automotive industry. In addition to vehicles, it exports bicycles, tractors, washing machines and refrigerators, radio electronic products, industrial equipment, steel pipes, plastics, chemical fibers, as well as clothing and leather shoes. Among popular food products exported by Italy are macaroni, cheese, olive oil, wine, fruit, and canned tomato sauce.

Great Britain

The United Kingdom closes the top 10 world's largest exporters. The country is a leader in the export of financial products, primarily banking, brokerage, insurance, and consulting services. Besides, it exports oil and petroleum products, as well as a number of medicines. The machine building and transport industries are well developed in the country, so it supplies large quantities of industrial and chemical goods. The major consumer of British products is the United States.