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Top Exporting Countries 2021 - Coggle Diagram
Top Exporting Countries 2021
China
Number 1 exporter in the world making up 12,9% of the global total
United States of America
Second largest exporter, behind China, because the opportunity cost for the USA is greater than for China in manufacturing export goods.
Germany
Third greatest exporter. As a technologically advanced country, Germany mainly exports capital-intensive goods such as automobiles, chemicals and machines.
South Korea
Number 5. South Korea's economy is driven by exports, mainly of capital-intensive goods.
Japan
Fourth largest exporter. About 20.2% of Japans exports are to the USA, and about 17.6% to China.
France
6th largest exporter
Netherlands
7th largest exporter
Italy
8th largest exporter
References
McConnel, Brue & Flynn (2021) Economics. New York: McGraw-Hill Education
World Population Review (2021) 2021 World Population review. United States:
https://worldpopulationreview.com/country-rankings/exports-by-country