FAQ: Which Country Is The Largest Exporter/importer Of Services?

What country is the largest exporter of services?

The United States is the largest services exporter in the world. In 2019, U.S. exports of services were $875.8 billion, up 1.6 percent ($13 billion) from 2018.

Which countries are the top 3 service exporters?

According to international trade statistics, the United States of America, the United Kingdom, and China have become the leading exporters in the global commercial service trade.

Who is the world’s largest importer?

In 2019, the U.S. were the leading import country in the world with an import value of about 2.57 trillion US dollars. Import and export are generally important pillars of a country’s economy.

Who is the largest exporter?

China has been the largest exporter of goods in the world since 2009. 1 Official estimates suggest the country’s total exports amounted to $2.641 trillion in 2019. 2 In 2013, China became the largest trading nation in the world. 1 The United States previously held that position.

What is the rank of India in exports?

Overview: In 2019 India was the number 5 economy in the world in terms of GDP (current US$), the number 15 in total exports, the number 11 in total imports, the number 142 economy in terms of GDP per capita (current US$) and the number 44 most complex economy according to the Economic Complexity Index (ECI).

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What are the top 5 imports?

What Are the Major U.S. Imports?

  • Minerals, fuels, and oil – $241.4 billion.
  • Pharmaceuticals – $116.3 billion.
  • Medical equipment and supplies – $93.4 billion.
  • Furniture, Lighting, and Signs – $72.1 billion.
  • Plastics – $61.9 billion.
  • Gems and precious metals – $60.8 billion.
  • Organic chemicals – $54.6 billion.

Who is the second largest exporter in the world?

United States The U.S. is the second-largest exporter in the world, with an estimated $1.58 trillion in exports for 2017.

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