Overview APEC (Asia-Pacific Economic Cooperation) is an International Organization composed by China, United States, Japan, South Korea, Canada, Mexico, Russia, Australia, Vietnam, Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Philippines, Chile, Peru, New Zealand, Papua New Guinea, and Brunei. In 2022, APEC exported $11.4T (48.2% of global exports) and imported $10.9T (46.1% of global imports). Its largest exporter, China exported $3.73T, which corresponds to 32.7% of the total exports. On the other hand, the largest importer, United States, imported $3.12T, which is 28.5% of the total imports of Asia-Pacific Economic Cooperation.
Trade In 2022, APEC's most exported products were Monolithic integrated circuits, digital ($645B), Oils petroleum, bituminous, distillates, except crude ($476B), Petroleum oils, oils from bituminous minerals, crude ($441B), Transmit-receive apparatus for radio, TV, etc. ($436B), and Parts and accessories of data processing equipment ne ($221B). The same year, the most imported products were Petroleum oils, oils from bituminous minerals, crude ($794B), Monolithic integrated circuits, digital ($762B), Oils petroleum, bituminous, distillates, except crude ($425B), Transmit-receive apparatus for radio, TV, etc. ($314B), and Parts and accessories of data processing equipment ne ($183B).
Partners In 2022, APEC's exports went primarly to United States ($2.01T), China ($1.2T), Japan ($544B), Hong Kong ($480B), and Mexico ($445B). The same year, APEC's imported primarily from China ($2.13T), United States ($1.11T), Canada ($512B), Japan ($511B), and South Korea ($502B).