These Are the World's Largest Exporting Countries

The trade war drumbeat sounded by United States President Donald Trump since early 2018 has begun to receive responses from his trading partners. Increased import tariffs on goods into America have been met with retaliatory measures from its trading allies. This situation is predicted to affect global trade, particularly China, which holds the largest share of global exports, as shown in the graph below.

According to Statista data, China's export value in 2017 reached US$2.26 trillion (equivalent to Rp 31,686.6 trillion), surpassing the US, which reached only US$1.55 trillion and held second place as the world's largest exporter. Germany ranked third with exports valued at US$1.45 trillion, followed by Japan in fourth place with exports reaching US$698.12 billion.

For information, Indonesia's trade with America in 2017 reached US$25.92 billion. This figure comprised US$17.79 billion in exports and US$8.12 billion in imports, resulting in a surplus of US$9.67 billion. Indonesia's trade with China, meanwhile, totaled US$58.85 billion, consisting of US$23.08 billion in exports and US$36.77 billion in imports. This resulted in a deficit of US$12.68 billion. The American trade war with its partner countries could lead to a further increase in Indonesia's trade deficit. Indonesia's trade deficit up to May 2018 had already reached US$2.83 billion, compared to a previous surplus of US$11.84 billion.