Top 10 Exporting Countries by Total Dollar Value (1962 - 2019)

This data ranking shows the top 10 countries ranked by total exports per country.

- Explanation
By definition, exports are a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. Exports are a crucial component of a country’s economy, as the sale of such goods adds to the producing nation's gross output. One of the oldest forms of economic transfer, exports occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies. Exported goods are considered zero rated goods.

The ability to export goods helps an economy grow, and most of the largest companies operating in advanced economies derive a substantial portion of their annual revenues from exports to other countries. One of the core functions of diplomacy and foreign policy between governments is to foster economic trade, encouraging exports and imports for the benefit of all trading parties.

- Largest Exporting Countries
The world’s largest exporting countries (in terms of dollars) were China, the United States, Germany, Japan, and The Netherlands. China posted exports of approximately $2.7 trillion in goods, primarily electronic equipment, and machinery. The United States exported approximately $2.4 trillion, primarily capital goods. Germany's exports, which come to approximately $1.9 trillion, were dominated by motor vehicles—as were Japan's.

- Benefits
Companies export products and services for a variety of reasons. Exports can increase sales and profits if the goods create new markets or expand existing ones, and they may even present an opportunity to capture significant global market share. Companies that export spread business risk by diversifying into multiple markets.

Exporting into foreign markets can often reduce per-unit costs by expanding operations to meet increased demand. Finally, companies that export into foreign markets gain new knowledge and experience that may allow the discovery of new technologies, marketing practices and insights into foreign competitors.

Music: Rebellion - Epic Cinematic (2019) by YG