In the last 5 years, a major hike has been seen in the growth rate of world’s import and export business. Almost every country located on this globe, trade commodities with other parts of the world. Crude oil is one such item which is required by every country in the world i.e. it is considered the largest exports of the world. In 2015, various countries exported cars worth of US $672.9 Billion Dollars which makes it the second most traded product in the world. The list is followed by petroleum oils, phone system devices, integrated circuits, Automobile parts & accessories, medicines, computer devices and many more.
The whole world is equally involved in import business as in export business. Imports of gems & valued metals delivered the third-fastest gain at 80.9% led by diamonds, gold, jewelry & silver. The major imports of the world are vegetable products, fruits, nuts, lead, wood, pharmaceuticals, meat, furniture, lighting, stone, plaster, cement, textile floor coverings, vegetables, perfume, cosmetics, glass, fish and many more.
World’s top imports and exports
Here is the list of top commodities that almost every country visible on the world’ map import and export in very large number of quantity-
World’s top 10 exports | World’s top 10 imports |
Crude oil | Oil |
Cars | Electronic Equipment |
Processed Petroleum Oils | Machine, Engine and pumps |
Phone System Devices | Vehicles |
Integrated Circuits | Plastics |
Automobile Parts & Accessories | Medical & technical equipment |
Gold | Gems and precious metals |
Petroleum Gas | Organic Chemicals |
Blood Fractions | Iron & Steel |
Crude Oil- Top importers and exporters of world’s expensive item
Crude oil is one such item which is in very high demand in almost every country in the world. China is the largest importer of crude oil among the top countries in the world (Accounted for 17.3% of total crude oil imports). The United States is the second largest importer and India hold third position of the list of top crude oil importers and so on.
The top five exporters of crude oil in the world are Saudi Arabia (17% of global crude oil exports), Russia (11%), Iraq (6.6%), the United Arab Emirates (6.5%) and Canada (6.4%). These five countries export crude oil to rest of the world in very rich quantity.
World’s top importers and exporters
With the reference of latest export import data, there are lots of countries across the globe which helps in improving world’s import and export business including China, Mexico, Canada, Japan, Germany, South Korea, United Kingdom, France, India & Italy and Ireland. In order to succeed and shine among competitors it is important to know how many other importers or exporters are involved in trade business which can only be possible with high quality and updated version of world’s trade data.
Here is the list of top importer and exporter countries in the world which helps in making the entire world a single place by trading large number of products-
Country | Exports (US Billion Dollars) | Imports (US Billion Dollars)
|
China | $ 42.01 | $ 61.71 |
United States | $ 40.34 | $ 21.78 |
United Arab Emirates | $ 30.29 | $ 19.45 |
Saudi Arabia | $ 6.39 | $ 20.32 |
Switzerland | $ 0.98 | $ 19.30 |
Germany | $ 7.09 | $ 12.09 |
Hong Kong | $ 12.09 | $ 6.05 |
Indonesia | $ 2.82 | $ 13.13 |
South Korea | $ 3.52 | $ 13.05 |
Malaysia | $ 3.71 | $ 9.08 |
According to a recent export import data, China holds the first position in the race of top importers as well as exporters. China majorly exports Computers (7.9% of total exports), Broadcasting Equipment (7.0%), Telephones (4.7%), Integrated Circuits (2.8%), Office machine parts (1.9%) and many more. The list of top world’s trader is followed by the United States, the United Arab Emirates, Saudi Arabia, Switzerland, Germany, Hong Kong, Indonesia, South Korea and Malaysia etc.
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