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8 Countries With The Biggest Share Of World Exports (South Korea (500…
8 Countries With The Biggest Share Of World Exports
References
Global SMEs,
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=2ahUKEwj20uSA-obkAhXZTxUIHaSTA_cQFjADegQICxAI&url=http%3A%2F%2Fwww.globalsmes.org%2Fnews%2Findex.php%3Ffunc%3Ddetail%26detailid%3D513%26catalog%3D24%26lan%3Den%26search_keywords%3D&usg=AOvVaw0HKKLP5nHEJ2kMhN6gvAtk
World Atlas,
https://www.worldatlas.com/articles/exports-by-country-20-largest-exporting-countries.html
Wikipedia,
https://en.wikipedia.org/wiki/Economy_of_the_Netherlands
China
Almost 2 trillion in USD worth of exports.
Considered the most rapidly growing economy
Still vast inequality between the wealthy and the poor
Government faces administrative issues as china transitions into a consumption based economy.
South Korea
500 billion USD worth of exports.
World's fifth largest exporter
Jumped from being a developing to a developed economy in a short span of time.
Few natural resources makes it heavily reliant on exportation
Largest partners are China, Japan, USA
exported goods include semiconductors, wireless communication devices, automobiles, computers, ships, and petrochemicals
4.Japan
600 billion USD worth of exports.
Many fortune 500 companies with large exports including the most notable Toyota, situated in Japan
Booming exportation from its entertainment industry,
France
Germany's largest export partner totaling 70 billion
Other major export destinations include the UK, the US, Belgium, China, and Italy.
Goods include machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceuticals, iron, steel, consumer products, petroleum and cars and vehicles
Netherlands
500 billion USD worth of export share.
Goods include natural gas, machinery and equipment, chemicals, fuels; foodstuffs
Main export partners are UK, Italy, France and Germany
United States
1.5 trillion USD worth of exports
Considered the largest economy in the world.
Import tariffs imposed as political strategies affecting trade and economic growth. Huawei being an example.
Major trading partners are Mexico, Canada, China
Specializes in exports of cars, refined petroleum, planes, helicopters, and spacecraft, and pharmaceuticals
Germany
Also considered world leading economy
1.5 trillion USD worth of exports
Exported goods include include automobiles, machinery, chemicals, electronics, electrical equipment, and pharmaceuticals.
Notable companies include Volkswagen, Daimler, BMW, and Bayer.
Hong Kong
Export power linked to China
Considered officially as part of China, but slowly moving towards own independence.