Top 10 Global Exporting Countries 2023: China Takes the Lead

Economics & Macro

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Erlina Fury Santika 07/12/2024 12:30 WIB

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World Trade Organization (WTO) data shows that there are at least 10 largest global exporters in 2023. China tops the list with a value of US$3.8 trillion.

Top 10 Countries with the Highest Merchandise Export Values in Global Trade (2023)

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Top 10 Countries with the Highest Merchandise Export Values in Global Trade (2023)

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The World Trade Organization (WTO) report, *Global Trade Outlook and Statistics*, compiles the value of export activities from several countries worldwide.

In the top 10, China dominates global exports with a value of US$3.38 trillion in 2023. Although the largest, this value decreased by 5% from its 2022 achievement. Its share reached 14.2% of global export trade.

Second is the United States with a value of US$2.02 trillion, down 2% from 2022. Its export share is 8.5%.

Third is Germany, at US$1.68 trillion, growing by 1%. Its export share reaches 7.1%.

Fourth is the Netherlands at US$935 billion, or 3.9% share.

Fifth is Japan, with a value of US$717 billion, or 3% of global exports.

The remaining top 10 include Italy, France, South Korea, Mexico, and Hong Kong, as shown in the graph.

The WTO explains that the volume of world merchandise trade is projected to grow by 2.6% in 2024 and 3.3% in 2025. This could be good news after global merchandise trade fell by 1.2% in 2023, more than expected.

Real import demand was weak in 2023 in most regions, especially in Europe, North America, and Asia. The main exceptions were the Middle East and the Commonwealth of Independent States (CIS) region, where imports surged.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 10 Global Exporting Countries 2023: China Takes the Lead

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