Often asked: According To Figure 7-1 Above, Which Of The Following Countries Is The World’s Leading Exporter?

Which country is the leading exporter?

China has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019. China’s exports and economy grew dramatically following the opening of the country under Deng Xiaoping.

What is the largest trading country in the world?

The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019.

Which nation led the world in the volume of exports in 2016?

In 2016, China was by far the world’s leading exporter, exporting goods valued at a total of USD 1,990,000,000,000 in the year.

Which country has the most exports 2020?

1. China. China is the world’s largest and top exporting country.

Who is the world’s top importing country?

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. The trade balance of a country shows the relationship between the values of a country’s imports and exports.

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Which country has the highest contribution of trade in GDP?

Singapore has the highest trade-to-GDP ratio of any country; between 2008 and 2011 it averaged about 400%. Worldwide trade-to-GDP ratio rose from just over 20% in 1995 to about 30% in 2014.

Which country is No 1 in world?

It’s official! Canada is the best country in the world. Canada took first place in the recently released 2021 Best Countries Report from US News & World Report. This is the first time Canada has claimed the top spot in the annual ranking. The country placed second in the 2020 report and was in third place in 2019.

Which country has best economy?

Here is the latest list of top 10 economies of the world for 2019-20.

  • United States. In 2019, the nominal GDP of the US is expected to exceed USD 21 trillion.
  • China. The Chinese economy has witnessed an astonishing growth over the last few decades.
  • Japan.
  • Germany.
  • United Kingdom.
  • India.
  • France.
  • Brazil.

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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