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Asia-Pacific Economic Cooperation

Exports (2023)$10.9T
Imports (2023)$10.4T
Main Exporter (2023)China $3.42T
Main Importer (2023)United States$3T
Internal Trade (2023)63.4%of total trade

About

Overview APEC (Asia-Pacific Economic Cooperation) is an International Organization composed by China, United States, Japan, South Korea, Mexico, Canada, Vietnam, Russia, Malaysia, Australia, Singapore, Thailand, Indonesia, Hong Kong, Philippines, Chile, Peru, New Zealand, Papua New Guinea, and Brunei. In 2023, APEC exported $10.9T (48% of global exports) and imported $10.4T (46.2% of global imports). Its largest exporter, China exported $3.42T, which corresponds to 31.5% of the total exports. On the other hand, the largest importer, United States, imported $3T, which is 28.8% of the total imports of Asia-Pacific Economic Cooperation.

Trade In 2023, APEC's most exported products were Digital Monolithic Integrated Circuits ($596B), Radio/TV Transmit-Receive Apparatus ($480B), Crude Petroleum Oils ($428B), Bituminous Petroleum Distillates (Excl. Crude) ($400B), and Parts & Accessories for Data Processing Equipment (n.e.) ($188B). The same year, the most imported products were Crude Petroleum Oils ($716B), Digital Monolithic Integrated Circuits ($714B), Bituminous Petroleum Distillates (Excl. Crude) ($371B), Radio/TV Transmit-Receive Apparatus ($337B), and Medium Sized Cars ($171B).

Partners In 2023, APEC's exports went primarly to United States ($1.91T), China ($1.2T), Japan ($496B), Hong Kong ($475B), and Mexico ($429B). The same year, APEC's imported primarily from China ($1.84T), United States ($1.01T), Mexico ($522B), Japan ($520B), and Canada ($484B).

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

In 2023, the top internal exports of APEC were Integrated Circuits ($504B), Broadcasting Equipment ($295B), Cars ($279B), Crude Petroleum ($272B), and Refined Petroleum ($259B).

The same year, the principal destinations of internal exports were United States ($1.91T), China ($1.2T), Japan ($496B), Hong Kong ($475B), and Mexico ($429B).

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 2023, the top external exports of APEC were Germany ($379B), India ($375B), United Kingdom ($260B), Chinese Taipei ($251B), and Netherlands ($193B).

The same year, the principal destinations of external exports were Broadcasting Equipment ($188B), Cars ($167B), Crude Petroleum ($156B), Refined Petroleum ($141B), and Integrated Circuits ($112B).

External Exports (2021)
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External Destinations (2021)
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Total Trade

Flow
Color
Depth
Top Export (2023)Integrated Circuits$616B
Top Destination (2023)United States$1.91T

In 2023, APEC exported a total of $10.9T. During the last five reported years the exports of APEC have changed by $1.64T from $9.22T in 2018 to $10.9T in 2023.

The most recent exports are led by Integrated Circuits ($616B), Broadcasting Equipment ($483B), Cars ($446B), Crude Petroleum ($428B), and Refined Petroleum ($400B). The most common destination for the exports of APEC are United States ($1.91T), China ($1.2T), Japan ($496B), Hong Kong ($475B), and Mexico ($429B).

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 2023, the countries with higher complexity that belong to Asia-Pacific Economic Cooperation were Japan (2.09), South Korea (1.86), Singapore (1.65), United States (1.49), and China (1.16).

On the other hand, the countries with higher GDP per capita were Singapore ($84.7k), United States ($82.8k), Australia ($64.8k), Canada ($53.4k), and Hong Kong ($50.5k).

Finally, the biggest exporters of APEC were China ($3.42T), United States ($1.86T), Japan ($766B), South Korea ($645B), and Mexico ($603B).

GDP per capita v/s ECI for countries that comprise Asia-Pacific Economic Cooperation (2023)

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