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Asia-Pacific Economic Cooperation

Exports (2022)$11.4T
Imports (2022)$10.9T
Main Exporter (2022)China $3.73T
Main Importer (2022)United States$3.12T
Internal Trade (2022)64%of total trade

About

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 2019, 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).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following section shows the trade patterns over time for countries that comprise the organization.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Organization Composition

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Flow
Y-AXIS SCALE
Value

The following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.

Yearly Exports of APEC

Internal Trade

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Depth
Color

Internal Trade includes all trade between the countries that comprise this organization.

In 2022, the top internal exports of APEC were Integrated Circuits ($544B), Broadcasting Equipment ($291B), Refined Petroleum ($286B), Crude Petroleum ($273B), and Cars ($219B).

The same year, the principal destinations of internal exports were United States ($2.01T), China ($1.2T), Japan ($544B), Hong Kong ($480B), and Mexico ($445B).

Internal Exports (2021)
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Internal Destinations (2021)
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External Trade

Flow
Depth

External trade includes all world trade excluding the countries that comprise this organization.

In 2022, the top external exports of APEC were India ($371B), Germany ($346B), Chinese Taipei ($297B), Netherlands ($261B), and United Kingdom ($244B).

The same year, the principal destinations of external exports were Refined Petroleum ($190B), Crude Petroleum ($168B), Broadcasting Equipment ($147B), Petroleum Gas ($143B), and Cars ($122B).

External Exports (2021)
[Click to Select a Product]

External Destinations (2021)
[Click to Select a Country]

Total Trade

Flow
Color
Depth
Top Export (2022)Integrated Circuits$662B
Top Destination (2022)United States$2.01T

In 2022, APEC exported a total of $11.4T. During the last five reported years the exports of APEC have changed by $2.98T from $8.43T in 2017 to $11.4T in 2022.

The most recent exports are led by Integrated Circuits ($662B), Refined Petroleum ($476B), Crude Petroleum ($441B), Broadcasting Equipment ($438B), and Cars ($341B). The most common destination for the exports of APEC are United States ($2.01T), China ($1.2T), Japan ($544B), Hong Kong ($480B), and Mexico ($445B).

Exports (2021)
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Destinations (2021)
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Largest Export by Country

Indicator

The following visualization shows the principal export per country, the product which has grown the most over the past 5 years or the product in which the country has a higher level of specialization, measured by the RCA Index.

Biggest export by country (2021)

Trade between organizations

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Depth

This visualization show trade between international organizations. The default selection shows the trade with the rest of the world.

Exports (2021)

Destinations (2021)

Economic Complexity

Complexity and Country Indicators

Indicator

This visualization compares the Economic Complexity Index (ECI) with different indicators about country development such as GDP per capita or Inflation. For more information about ECI, check the Methods page.

In 2022, the countries with higher complexity that belong to Asia-Pacific Economic Cooperation were Japan (2.09), South Korea (1.79), Singapore (1.71), United States (1.48), and Hong Kong (1.17).

On the other hand, the countries with higher GDP per capita were Singapore ($82.8k), United States ($76.4k), Australia ($64.5k), Canada ($55k), and Hong Kong ($49k).

Finally, the biggest exporters of APEC were China ($3.73T), United States ($1.95T), Japan ($728B), South Korea ($705B), and Canada ($587B).

GDP per capita v/s ECI for countries that comprise Asia-Pacific Economic Cooperation (2022)

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