World
World Trade (2021): $21T
Top Exporter (2021): China, $3.34T
Top Importer (2021): United States, $2.73T
Most Complex Economy (2021): Japan, 2.25
Overview In this page you will find historical data for the world trade. Also, latest trade data is available for selected countries.
Countries In 2021, world biggest exporters were China ($3.34T), United States ($1.63T), Germany ($1.56T), Japan ($731B), and South Korea ($653B) and world biggest importers were United States ($2.73T), China ($1.97T), Germany ($1.34T), Japan ($700B), and France ($696B).
Products In 2021, world's most traded products were Crude Petroleum ($951B), Integrated Circuits ($823B), Refined Petroleum ($746B), Cars ($723B), and Broadcasting Equipment ($473B).
Economic Complexity In 2021, the world most complex economies were Japan (2.25), Chinese Taipei (2.21), Switzerland (2.04), South Korea (2), and Germany (1.85). In contrast, the world least complex economies were Iraq (-1.5), Democratic Republic of the Congo (-1.57), Mali (-1.64), Chad (-1.98), and Guinea (-2.04).
Latest Trends
#permalink to sectionLatest Data
#permalink to sectionThe following section shows the trade patterns over time for the world.
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.
Historical Data
#permalink to sectionTotal Trade
#permalink to sectionWorld
World Trade (2021): $21T
Top Export (2021): Crude Petroleum, $951B
The following visualization shows the total trade for the World, aswell as its product product disaggregation.
Adding a country in the selector will include a new line, and clicking a line will show the product disaggregation in that month.
For more information, visit the Country or Product profile.
Trade Patterns
#permalink to sectionIn 2021, the world top exporters were China ($3.34T), United States ($1.63T), Germany ($1.56T), Japan ($731B), and South Korea ($653B).
Meanwhile, the most traded products were Crude Petroleum ($951B), Integrated Circuits ($823B), Refined Petroleum ($746B), Cars ($723B), and Broadcasting Equipment ($473B).
Largest Export by Country
#permalink to sectionThe 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.
Comparative Advantage
#permalink to sectionThis chart compares trade between both selected countries, considering products traded by both.
To check more in depth countries comparisons, check the Country to Country profile.
Subnational
#permalink to sectionSubnational Data Availability
#permalink to sectionThe following visualization shows the latest trade data for world economies, depending on data availability.
For more information, visit the Data Availability page.
To download full datasets, visit the Bulk Downloads page.
** Using January 2020 exchange rates when trade data is reported in local currency
Economic Complexity
#permalink to sectionEconomic Complexity by Country
#permalink to sectionThe following visualization shows the Economic Complexity Index and Economic Complexity Ranking of Each Country
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
Main Product by Country
#permalink to sectionThe following network visualization shows the top exporter, top importer and most specialized country by product at HS4 level.
RCA is used to measure the specialization of a country in a product.
