What Countries Export The Most?

What is China’s #1 import?

Searchable List of China’s Most Valuable Import ProductsRankChina’s Import Product2018 Value (US$)1Integrated circuits/microassemblies$312.7 billion2Crude oil$239.2 billion3Iron ores, concentrates$75 billion4Petroleum gases$50 billion93 more rows•May 5, 2020.

What is US biggest export?

Top U.S. service exports Services are the biggest US export, with total foreign sales of $778 billion last year. Indeed, the United States has a $243 billion trade surplus in services, which is good news since service industries account for 71% of US jobs.

Which country is the largest exporter of software?

IrelandNot all too long ago, Gallen asserts that tourists visiting from the Far East would have struggled to even find his country on a map, but now they’re arriving in vast numbers to discover why Ireland is the largest exporter of software in the world.

What is America’s biggest import?

What Are the Major U.S. Imports?Machinery (including computers and hardware) – $386.4 billion.Electrical machinery – $367.1 billion.Vehicles and automobiles – $306.7 billion.Minerals, fuels, and oil – $241.4 billion.Pharmaceuticals – $116.3 billion.Medical equipment and supplies – $93.4 billion.More items…•

Which product is best for export?

Here are 10 Profitable Products to Import from India to other Countries:Regional Handicrafts. … Organic Supplements and Medicines. … Meat Exportation. … Dairy Products. … Homeopathy Medicines. … Jewelry and Precious Stones. … Leather and Leather Products. … Ceramics.More items…•

Which country trades the most?

Year-to-Date Total TradeRankCountryExports—Total, All Countries1,172.0—Total, Top 15 Countries827.51China95.82Mexico173.713 more rows

What are the top 3 Exports of China?

List of exports of China#ProductValue1Computers210.2312Broadcasting equipment110.9793Telephones91.7594Office Machine Parts47.07926 more rows

Who is the number 1 oil producing country?

The United StatesThe United States is the top oil-producing country in the world, with an average of 19.47 million barrels per day (b/d), which accounts for 19% of the world’s production.1 The U.S. has held the top spot for the past six years.

What country is the largest importer partner in the world?

ChinaFor most economies in the world, their leading export and import trading partner in terms of value is either the European Union or China, and to a certain degree, the United States and Japan.

What is the most exported product in the world?

What is the most exported product in the world? Not surprisingly, cars are the most imported and exported product in the world by value.

What is the most traded item in the world?

Finished automobiles are the top good traded worldwide with $1.35 trillion being traded each year between countries. Auto parts are not far behind in the #4 spot with $685 billion of trade.

Who owns the most oil in the world?

CountriesProven reserves (millions of barrels)U.S. EIA (start of 2020)OPEC (end of 2017)CountryRankReservesVenezuela (see: Oil reserves in Venezuela)1302,809Saudi Arabia (see: Oil reserves in Saudi Arabia)2266,260Canada (see: Oil reserves in Canada)34,42162 more rows

Does India buy oil from Russia?

India’s IOC signs annual deal on option to buy crude from Russia’s Rosneft. NEW DELHI (Reuters) – State-owned Indian Oil Corp has signed a deal with Russian oil major Rosneft giving it an option to buy up to 2 million tonnes, or 40,000 barrels per day (bpd) of crude in 2020, the Indian oil minister said on Wednesday.

Who is the world largest importer?

the United StatesThe world’s largest single importer is the United States, with a 13.4% share of global imports equal to $2.6 trillion of goods. Following the U.S. are two other significant economies, each which import over $1 trillion in goods every year: China ($2.1 trillion), and Germany ($1.3 trillion).

What countries import the most?

The United States, China and Germany are the leading import countries worldwide, and also the leading export countries worldwide, albeit in a different order.

Who are the world’s biggest importers exporters?

The United States, Germany, China, and Japan are the world’s largest importers and, consequently, the world’s largest economies. In recent years Germany overtook the traditional position of the world’s largest exporter held by the United States over the last 50 years.

Which is the highest oil export country in the world?

Saudi ArabiaSecondary NavigationRankCountryDate of Information1Saudi Arabia2014 est.2Russia2016 est.3Iraq2017 est.4United Arab Emirates2014 est.88 more rows

Which country is largest importer of gold?

IndiaIndia is the largest importer of gold, which mainly caters to demand of jewellery industry. In volume terms, the country imports 800-900 tonnes of gold annually. Gems and jewellery exports declined by about 66.36 per cent to USD 4.17 billion in April-July 2020.