Key Takeaways China accounted for 14.6% of global exports of goods in 2024, the highest share overall. Vietnam, Hong Kong SAR, and France each saw double-digit export growth, while exports contracted the sharpest in Australia.
The value of exports from China amounted to almost 3.6 trillion U.S. dollars in 2024, meaning that it was, by far, the country with the highest exports worldwide that year. The value of goods exported from China increased rapidly from 2020 to 2021.
The UK's rise to become the world's fourth largest exporter, behind China, the US and Germany in 2022 has given politicians an excuse to showcase the UK's 'economic resilience', but the top-line export figures report the total value, which includes intermediate costs for parts and labour and much of this will have been ...
Countries. In 2023, the world's biggest exporters were China ($3.41T), United States ($1.9T), Germany ($1.62T), Japan ($737B), and Italy ($651B) and the world's biggest importers were United States ($2.98T), China ($2.13T), Germany ($1.38T), France ($773B), and Japan ($747B).
The EU is the UK's biggest trading partner, accounting for 51.7% of UK foreign trade in goods in 2024. The UK is the EU's third-biggest trading partner (10.1%), after the United States and China. Switzerland is the fourth-biggest. The EU's surplus trade in goods with the UK amounted to €176 billion.
Top 50 Importing & Exporting countries Comparison 2025 | Global Rank
Has UK export increased since Brexit?
UK exports of services to both EU and non-EU countries fell in 2020 but have grown strongly since then. In 2024, UK exports of services to the EU were 19% above their 2019 level in real terms.
The UK was a key asset for the EU in the fields of foreign affairs and defence given that the UK was (with France) one of the EU's two major military powers, and had significant intelligence capabilities, soft power and a far reaching diplomatic network. Without the UK, EU foreign policy could be less influential.
The United States is the largest goods importer in the world. U.S. goods imports from the world totaled $3.2 trillion in 2022, up 14.6 percent ($413.7 billion) from 2021. China was the top supplier of goods to the United States, accounting for 16.5 percent of total goods imports.
It is easy to trot out that Britain remains one of the world's largest economies; a permanent member of the United Nations (UN) Security Council; a nuclear power; a leading member of organisations such as the G7, the Group of 20 (G20) and NATO; that London continues to be a major financial centre; and British culture, ...
The UK is no exception: while it is on track to overtake Japan and become the world's fifth-largest economy by 2040 in nominal terms, limited progress in lifting underlying growth means it is projected to slip in the GDP-per-capita rankings, from 19th in 2025 to 21st by 2040.
Principal British exports include machinery, automobiles and other transport equipment, electrical and electronic equipment (including computers), chemicals, and oil. Services, particularly financial services, are another major export and contribute positively to Britain's trade balance.
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China.
The trade deficit has narrowed to its smallest since mid-2020, down more than 35% over last year — and more proof that President Donald J. Trump's America First trade agenda is working.
The United States is the world's largest importer of goods, followed by China and Germany. Overall out of the world's 10 largest importers, 4 countries are in Europe, 4 are in Asia and 1 from North America and 1 from Central America.
Canada returned to its position as the top U.S. trading partner in 2021, after dipping below China and Mexico in 2020. China fell to second place and Mexico to third, followed by Japan and South Korea as the fourth- and fifth-largest U.S. trading partners in 2021, respectively.
Which country is the world's largest food supplier?
Which Nation Leads the Food Industry? As the world's largest producer of rice, wheat, and corn, among other agricultural products, and as a significant food importer and consumer, China is the world leader in food production. With 1.5 trillion dollars in food market revenue, China is at the top of the list.
The Census Bureau estimates that 2.69% of American exports are blood. Human blood cannot be substituted, hence there is sometimes a shortage. The Red Cross declared its first-ever nationwide blood shortage crisis during the COVID outbreak.
Surveys in 2017 and 2019 of existing academic research found that the credible estimates ranged between GDP losses of 1.2–4.5% for the UK, and a cost of between 1 and 10% of the UK's income per capita. These estimates varied depending on whether the UK left via a 'hard' or 'soft' Brexit.
Process. Potential enlargement of the European Union is governed by Article 49 of the Maastricht Treaty. If the UK applied to rejoin the EU, it would need to apply and have its application terms supported unanimously by the EU member states.
