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 export market The value of goods exported from China increased rapidly from 2020 to 2021. By 2021, China accounted for about 15 percent of global merchandise exports and about six percent of global service exports. The leading export products of China were machinery and transport equipment, with an export value of about 1.7 trillion U.S. dollars in 2022. U.S. export market The United States recorded an export value of over two trillion U.S. dollars in 2023, making it the world's second-largest exporter. The main trading partners of the U.S. are Canada, Mexico, and China. In 2022, among the products exported by the U.S., petroleum and coal saw the largest growth in export value at 60 percent. Texas and California were the top two U.S. states ranked by value of exports in 2023. Texas ranked first with exports valued at 444.5 billion U.S. dollars. As far as global imports are concerned, the United States was the leading country as of 2022, with an import value of about 3.4 trillion U.S. dollars.
The exports volume of all G7 countries was negative in 2020 due to the COVID-19 pandemic, with France seeing the most dramatic decrease at minus ** percent compared to 2019. However, export volumes were positive again in all countries in 2021, but slowed in 2023 and 2024 amid high inflation rates.
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The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.
In 2022, the global trade value of goods exported throughout the world amounted to approximately 24.9 trillion U.S. dollars at current prices. In comparison, this figure stood at around 6.45 trillion U.S. dollars in 2000. The rise in the value of goods exported around the world reflects developments in international trade, globalization, and advances in technology.
Export trade
Global trade refers to the exchange of capital, goods and services between different countries and territories. The export of trade goods refers to goods sold internationally which were grown, produced, or manufactured in another country.
Who are the leading importers and exporters of trade goods?
In 2021, China was the largest source of goods exported around the world, with total merchandise exports valuing approximately 3.37 trillion U.S. dollars. That year, China was responsible for almost 15 percent of all trade goods exported around the world. The United States was the second largest exporters of goods that year. The United States was the leading importer of merchandise in the world as of 2021. That year, the global superpower accounted for 13 percent of the world’s merchandise imports.
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European Union - Exports of goods and services in % of GDP was 50.70 % of GDP in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Exports of goods and services in % of GDP - last updated from the EUROSTAT on July of 2025. Historically, European Union - Exports of goods and services in % of GDP reached a record high of 55.40 % of GDP in December of 2022 and a record low of 40.30 % of GDP in December of 2010.
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<li>U.S. exports for 2022 were <strong>3.017 trillion US dollars</strong>, a <strong>18.08% increase</strong> from 2021.</li>
<li>U.S. exports for 2021 were <strong>2.555 trillion US dollars</strong>, a <strong>18.79% increase</strong> from 2020.</li>
<li>U.S. exports for 2020 were <strong>2.151 trillion US dollars</strong>, a <strong>15.29% decline</strong> from 2019.</li>
</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
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Exports of goods and services (% of GDP) in China was reported at 20.02 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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<li>China exports for 2022 were <strong>3.718 trillion US dollars</strong>, a <strong>4.61% increase</strong> from 2021.</li>
<li>China exports for 2021 were <strong>3.554 trillion US dollars</strong>, a <strong>30.19% increase</strong> from 2020.</li>
<li>China exports for 2020 were <strong>2.730 trillion US dollars</strong>, a <strong>3.84% increase</strong> from 2019.</li>
</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
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Graph and download economic data for Shares of gross domestic product: Exports of goods and services (B020RE1Q156NBEA) from Q1 1947 to Q1 2025 about Shares of GDP, exports, goods, services, GDP, and USA.
The value of exported goods and services from the Nordic countries were highest in Sweden between 2010 and 2021, but Norway overtook its neighbor in 2022. In 2022, Norway's exports totaled at 322.5 billion U.S. dollars. Sweden had the second highest export value, reaching 312 billion U.S. dollars. Iceland had the lowest export values of the five Nordic countries.
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<li>Germany exports for 2022 were <strong>1.906 trillion US dollars</strong>, a <strong>2.76% increase</strong> from 2021.</li>
<li>Germany exports for 2021 were <strong>1.855 trillion US dollars</strong>, a <strong>20.19% increase</strong> from 2020.</li>
<li>Germany exports for 2020 were <strong>1.543 trillion US dollars</strong>, a <strong>7.99% decline</strong> from 2019.</li>
</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
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The average for 2023 based on 162 countries was 45.02 percent. The highest value was in Luxembourg: 217.77 percent and the lowest value was in Sudan: 1.11 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.
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Brazil BR: BOP: Current Account: Exports: Goods and Services data was reported at 388.333 USD bn in 2024. This records a decrease from the previous number of 389.192 USD bn for 2023. Brazil BR: BOP: Current Account: Exports: Goods and Services data is updated yearly, averaging 61.271 USD bn from Dec 1975 (Median) to 2024, with 50 observations. The data reached an all-time high of 389.192 USD bn in 2023 and a record low of 9.552 USD bn in 1975. Brazil BR: BOP: Current Account: Exports: Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Balance of Payments: Current Account. Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Gap-filled total;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
The UK trade in numbers contains the latest published UK trade and investment statistics. It draws on a number of statistical sources including the Office for National Statistics (ONS), the Department for Business and Trade (DBT), and the United Nations Conference on Trade and Development (UNCTAD).
Trade statistics are derived from a number of sources and can be presented in different ways. The UK’s trade statistics are primarily provided by ONS releases, including the ONS monthly UK trade, ONS UK quarterly trade by partner country, and ONS UK balance of payments. These releases set out the UK’s economic relationship with other countries and illustrate the UK’s bilateral trade on top exports and imports for goods and services.
In addition, the UK trade in numbers depicts foreign direct investment, regional trade statistics, and the UK’s position in global rankings for exports and imports of goods and services.
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Exports of goods and services (% of GDP) in Canada was reported at 33.37 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Exports of goods and services (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.
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China: Exports of goods and services as percent of GDP: The latest value from 2024 is 20.02 percent, an increase from 19.1 percent in 2023. In comparison, the world average is 44.58 percent, based on data from 134 countries. Historically, the average for China from 1960 to 2024 is 14.7 percent. The minimum value, 2.45 percent, was reached in 1970 while the maximum of 35.53 percent was recorded in 2006.
Exports of goods and services of Bosnia and Herzegovina increased by 0.13% from 12,125,804,365 US dollars in 2023 to 12,141,089,388 US dollars in 2024. Since the 14.38% drop in 2020, exports of goods and services shot up by 72.96% in 2024. Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
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Tunisia TN: GDP: USD: Exports of Goods and Services data was reported at 17.635 USD bn in 2017. This records an increase from the previous number of 16.989 USD bn for 2016. Tunisia TN: GDP: USD: Exports of Goods and Services data is updated yearly, averaging 5.353 USD bn from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 25.198 USD bn in 2008 and a record low of 188.762 USD mn in 1965. Tunisia TN: GDP: USD: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tunisia – Table TN.World Bank.WDI: Gross Domestic Product: Nominal. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;
This statistics displays the value of UK exports of goods and services to countries outside the European Union annually from 1999 to 2023. The United Kingdom exported roughly 507 billion British pounds worth of goods and services to non-EU member states in 2023.
Exports of goods and services of Antigua and Barbuda jumped by 10.80% from 1,185,479,803 US dollars in 2023 to 1,313,549,083 US dollars in 2024. Since the 50.26% drop in 2020, exports of goods and services shot up by 121.16% in 2024. Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
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 export market The value of goods exported from China increased rapidly from 2020 to 2021. By 2021, China accounted for about 15 percent of global merchandise exports and about six percent of global service exports. The leading export products of China were machinery and transport equipment, with an export value of about 1.7 trillion U.S. dollars in 2022. U.S. export market The United States recorded an export value of over two trillion U.S. dollars in 2023, making it the world's second-largest exporter. The main trading partners of the U.S. are Canada, Mexico, and China. In 2022, among the products exported by the U.S., petroleum and coal saw the largest growth in export value at 60 percent. Texas and California were the top two U.S. states ranked by value of exports in 2023. Texas ranked first with exports valued at 444.5 billion U.S. dollars. As far as global imports are concerned, the United States was the leading country as of 2022, with an import value of about 3.4 trillion U.S. dollars.