The opening of global markets has fostered international trade, so that each country has found a niche demand for its most exported products. China leads the ranking, with figures exceeding 2,000 billion dollars, followed by the United States and Germany. Asian countries, including South Korea, Japan, and Hong Kong, stand out in global positioning.Electrical and electronic machinery, clothing, textiles, iron, steel, medical equipment, and toys are the most exported products by China, which has the United States, Hong Kong, Japan, South Korea, and Germany as its main customers. In fourth place in the ranking, Japan has found its market niche in vehicles, semiconductors, iron and steel products, plastics, machinery, textiles, and chemicals, mainly selling to China, the United States, South Korea, Hong Kong, and Thailand.China remains the king of exports worldwide, along with other countries in the Far East. The most demanded goods from this region are computers, machinery, electronics, clothing, metals, medical equipment, and toys, with Europe and the United States as their main destinations.
Most Exported Products by Asia
After China and Japan, South Korea is the Asian country with the highest volume of exports. Among its most exported products are semiconductors, telecommunications equipment, automobiles, computers, steel, ships, and petrochemical products.We descend several positions in the ranking until we reach other Far Eastern countries with more exported products: Singapore, Taiwan, and India. The first stands out in petroleum refining, integrated circuits, computers, and packaged medicines. Meanwhile, Taiwan mainly exports industrial products. India exports mainly hydrocarbons, minerals and precious metals, medicines, jewelry, and agricultural products.Turkey, the world’s 29th largest economy in terms of exports, has Europe as its main customer. Its most exported products are gold, cars and trucks, spare parts, and textiles. The textile sector also stands out among Bangladesh’s exports.
Main Exports from Africa and Latin America
Latin America concentrates the strength of its exports in its natural resources. Oil predominates in countries like Ecuador, Venezuela, and Bolivia. The rest of the countries are focused on mining and agricultural products, such as soy for livestock feed.The panorama of most exported products by African countries is divided into oil and mining as main sectors, followed by the food industry.All countries try to balance their import and export balance by applying tariffs to goods, which vary greatly from one nation to another and from one product to another.
