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World Trade Summary

1998

World exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR WORLD 1998

Overall Exports and Imports for World 1998

Exports and imports of World in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,269,346 million.
  • The total value of imports (CIF) was 5,345,087 million.
  • At the HS6 digit level, 5,033 products were exported to 222 countries and 5,037 products were imported from 222 countries.

World top 5 Export and Import partners 1998

Top five countries to which World exported in 1998 are below, along with the percent of total exports that went to that country:

  1. World exports to United States worth US$ 874,754 million, with a partner share of 16.60 percent.
  2. World exports to Germany worth US$ 445,410 million, with a partner share of 8.45 percent.
  3. World exports to United Kingdom worth US$ 298,157 million, with a partner share of 5.66 percent.
  4. World exports to France worth US$ 281,170 million, with a partner share of 5.34 percent.
  5. World exports to Japan worth US$ 224,903 million, with a partner share of 4.27 percent.

Top five countries from which World imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. World imports from United States worth US$ 713,863 million, with a partner share of 13.36 percent.
  2. World imports from Germany worth US$ 503,667 million, with a partner share of 9.42 percent.
  3. World imports from Japan worth US$ 409,281 million, with a partner share of 7.66 percent.
  4. World imports from France worth US$ 292,249 million, with a partner share of 5.47 percent.
  5. World imports from China worth US$ 282,497 million, with a partner share of 5.29 percent.

World Top 5 Productsexports imports at HS 6 digit level 1998

The top five exported HS 6 digit level products to world by World along with trade value are:

  1. World exported Automobiles with reciprocating piston engine di , worth US$ 132,746,592.88 million.
  2. World exported Petroleum oils and oils obtained from bituminou , worth US$ 119,463,496.70 million.
  3. World exported Parts and accessories of automatic data process , worth US$ 107,893,268.30 million.
  4. World exported Monolithic integrated circuits, digital , worth US$ 96,786,103.13 million.
  5. World exported Automobiles with reciprocating piston engine di , worth US$ 60,513,177.18 million.

The top five imported HS 6 digit level products from world by World along with trade value are

  1. World imported Petroleum oils and oils obtained from bituminou , worth US$ 175,199,967.25 million.
  2. World imported Automobiles with reciprocating piston engine di , worth US$ 129,842,528.26 million.
  3. World imported Parts and accessories of automatic data process , worth US$ 109,194,841.11 million.
  4. World imported Monolithic integrated circuits, digital , worth US$ 96,886,587.46 million.
  5. World imported Automobiles with reciprocating piston engine di , worth US$ 58,880,939.74 million.

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by World in 1998 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 10.52 percent.
  • The trade weighted average tariff was 8.97 .
  • The total duty free imports in thousands of US dollars were 107.42 and duty free tariff line items share was 31.05 percent.

Development Indicators 1998

Key Development Indicators of World in 1998 are below

  • World GDP in current US dollar was 31,552,854 million.
  • GNI per capita, Atlas method (current US$) was 5,308.62 .
  • World Trade balance: as % of GDP was 0.39.
  • Trade balance in current US$ was 124,006.00 million.
  • Trade as percentage of GDP was 45.60 .
  • Trade in services as percentage of GDP was 8.57 .

Trade Indicators 1998

Trade Indicators for World in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 78.65.
  • World Growth in percentage was -0.47 and World Country Growth was -0.47 .