Top 10 countries by export in 2019

Top 10 countries by export in 2019

Top 10 countries by export in 2019

Top 10 countries by export in 2019

The top 10 countries by export in 2019 did not change significantly compared to 2018. But, it is worth doing an analysis in relation to strength, weakness and economic trends:

ORDER COUNTRY EXPORT

(US$ BILLION)

PARTICIPATION

GDP

MAIN

PARTNER

10 UNITED KINGDOM 442 16% USA
9 ITALY 503 24% GERMANY
8 NETHERLANDS 505 51% GERMANY
7 FRANCE 523 18% GERMANY
6 HONG KONG 550 144% CHINA
5 SOUTH KOREA 574 38% CHINA
4 JAPAN 698 13% USA
3 GERMANY 1.450 35% FRANCE
2 USA 1.546 7% CANADA
1 CHINA 2.263 17% USA

The first analysis is that the main export countries are also the most innovative countries, as we can compare in the post https://blog.intradebook.com/en/innovation-and-international-trade-in-the-world/.

Germany is the main partner in Europe, which reflects its importance and leadership on the continent.

The UK has the USA as its main partner, which gives substance to its option for BREXIT.

China has strong partnerships with South Korea and Japan, but its main partner is the USA, which is also Japan‘s main partner.

Analyzing the aspect of the share of Exports in the Gross Domestic Product, which demonstrates how much the GDP depends on exports, it shows that the USA, Japan, United Kingdom, China and France have a strong domestic market, depending less on the export variables. Hong Kong, in this case, presents a percentage of 144% because its exports are basically re-exports from China.

Based on these data, we can conclude that the USA, Japan and the United Kingdom still have growth potential depending on the strength of their partners and markets, that China will depend economically on the mood of the USA or its partners in emerging or less developed markets and that BREXIT was not a simply emotional decision.

Top 10 countries by export in 2019

To view this analysis better, you can access this video: https://youtu.be/ZExiUB_VZRg.

Image: dahabzone.com

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