Who is largest exporter

Trade imbalances. Some countries, notably the United States, the United Kingdom, and France, have significant trade deficits, which are reflected in their balance of payments. This aspect is dominantly linked with service and technology-oriented economies that have experienced a relocation of labor-intensive production activities to lower-cost locations.

They are highly dependent on the efficient distribution of goods and commodities. Conversely, countries having a positive trade balance tend to be export-oriented with a level of dependency on international markets either for merchandises or commodities. The United States is the largest services importer in the world. The United Kingdom was the largest supplier of services, accounting for 11 percent of total U.

Countries are coordinated by region in the Resource Center on the left. You can also find a specific country alphabetically. Skip to main content. China replaced the UAE as the second largest export destination for India in fiscal , with outbound shipments to the neighbouring country rising Iron ore, organic chemicals and petroleum were the top exports to China in the year ended March Exports to China increased last fiscal year despite tensions between New Delhi and Beijing over border skirmishes.

Hong Kong, Bangladesh and Singapore were the other top markets for India last fiscal year. ETPrime stories of the day Logistics How sustainable supply chains helped companies stay afloat in the pandemic. Subscribe to ETPrime. Browse Companies:.

Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed. Share this Comment: Post to Twitter. Already an ET Prime Member? Sign In now. Skip to main content Try our corporate solution for free!

Single Accounts Corporate Solutions Universities. The value of exports of China amounted to almost 2. China export market The value of goods exported from China almost doubled between and By , China accounted for about The leading export products of China were machinery and trasport equipment , with an export value of about 1.

The main trading partners of the U. In , among the products exported by the U. Texas and California were the top two U.

Texas ranked first with exports valued at billion U. As far as the global imports are concerned, the United States was the leading country as of , with an import value of about 2.

Loading statistic Show source. Download for free You need to log in to download this statistic Register for free Already a member? Log in.