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Regions and Top Five Export Markets
20 Countries Still Account For 70% Of Global Trade, with Asia Dominating Exports
Accounting for both imports and exports of merchandise, trade is more than 50% of global GDP. The top twenty countries account for 70% of international trade with eight Asian countries accounting for 30% and seven European countries accounting for 22%. The North American countries of the United States, Canada, and Mexico account for 13% exports. Invariably the top three trading partners, based on country and region, tend to be China, the European Union, and the United States. With China being the largest export nation, it helps in explaining why eight of the top twenty busiest ports are in China alone.
Related Report
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Sustainable International Trade for a Resilient Future
We invite you to explore our in-depth special report, which not only highlights the urgency of transitioning to sustainable international trade but also showcases the innovative solutions being implemented around the globe. With many countries committing to achieving net zero carbon emissions by 2050, there is a race against the clock to upgrade the world’s energy and trade infrastructure to achieve this. In this report, we highlight strategies used by trade stakeholders worldwide to foster a sustainable future, focusing on decarbonization, energy and food security, and environmental impact mitigation.
