Over the last thirty years, the ranking of world exporters has significantly changed. Until 2000 the leading positions had been occupied by Germany and the United States. In 2010 China outpaced them, and till now China has taken the first place with a significant advantage, whereas the United States and Germany take the second and the third places accordingly. As regards the import, till 2016 the United States has taken the first position in the number of imported goods. Germany also imports a lot of goods that allows it to take the leading position. By 2005 China had also increased the value of imports, and since 2010 has taken the second place in the rating of imports.
Exports Ranking shows the countries that take leading positions in the export of goods provided that the cost of transportation on board of airlines or cargoship is paid by the seller, that is called 'Freight on Board' or 'Free on Board"'(FOB).
Imports Ranking demonstrates the value of transported goods subject to the seller arranges for the carriage of goods to a place of destination, for this, there is a term 'Cost, Insurance and Freight'(CIF).
Access Data: IMF Direction of Trade Statistics (DOTS)
In June, US crude oil exports reached historic levels at nearly 2.2 million barrels per day (b/d), a level similar to that of Nigeria and Iran. From 1975 until late 2015, a federal ban on the export of US crude oil severely restricted crude oil exports to all countries except Canada. By lifting the ban, the US Government has transformed the United States into a major exporter of crude oil and a force that is reshaping global oil markets. To date in 2018, the United States has averaged more than 1.7 million b/d of crude oil exports while continuing to import an average of 7.9 million b/d.Although Canada remains an important consumer of US...
Trade is one of the key measure and major indicator of economy. Historical experience proves that imposing in country strong autharky leads to many problem. So, nowadays trade is a important part of GDP. Investors, politics and others analyze information about export and import before make thier desicions. Penetration of foreign companies on the local market usually increase competition and thefore the quality of product and services. Event holder: OECD
Constantly increasing globalization and integration of the world, often emphasized in the modern times, is carried out mostly through merchandise trade. Nowadays, wide variety of goods are involved in merchandise trade, but traditional ones, such as fuels, mining products, machinery and transport still remain most tradable. International trade of services, including transport, tourism and financial services, is also gaining momentum headed by the US as the world leader in exports and imports of services. The data on these and other indicators covering the framework of foreign trade is presented in the below datasets and visualizations. See...
Surveillance of national trade policies is a fundamentally important activity running throughout the work of the WTO. At the centre of this work is the Trade Policy Review Mechanism (TPRM). All WTO members are reviewed, the frequency of each country’s review varying according to its share of world trade. Event holder: WTO