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World Trade Summary

2016

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 2016

Overall Exports and Imports for World 2016

Exports and imports of World in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 17,728,022 million.
  • The total value of imports (CIF) was 15,776,742 million.
  • At the HS6 digit level, 4,757 products were exported to 239 countries and 4,869 products were imported from 238 countries.

World top 5 Export and Import partners 2016

Top five countries to which World exported in 2016 are below, along with the percent of total exports that went to that country:

  1. World exports to United States worth US$ 2,040,407 million, with a partner share of 12.92 percent.
  2. World exports to China worth US$ 1,341,200 million, with a partner share of 8.49 percent.
  3. World exports to Germany worth US$ 989,708 million, with a partner share of 6.26 percent.
  4. World exports to United Kingdom worth US$ 632,162 million, with a partner share of 4.00 percent.
  5. World exports to Hong Kong, China worth US$ 603,563 million, with a partner share of 3.82 percent.

Top five countries from which World imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. World imports from China worth US$ 2,260,387 million, with a partner share of 14.33 percent.
  2. World imports from United States worth US$ 1,369,206 million, with a partner share of 8.68 percent.
  3. World imports from Germany worth US$ 1,245,170 million, with a partner share of 7.89 percent.
  4. World imports from Japan worth US$ 726,310 million, with a partner share of 4.60 percent.
  5. World imports from Korea, Rep. worth US$ 526,561 million, with a partner share of 3.34 percent.

World Top 5 Productsexports imports at HS 6 digit level 2016

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

  1. World exported Petroleum oils and oils obtained from bituminou , worth US$ 606,757,863.35 million.
  2. World exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 523,097,769.14 million.
  3. World exported Monolithic integrated circuits, nes , worth US$ 495,691,563.98 million.
  4. World exported Automobiles with reciprocating piston engine di , worth US$ 277,504,149.71 million.
  5. World exported Gold in unwrought forms non-monetary , worth US$ 256,100,690.99 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$ 667,165,760.18 million.
  2. World imported Monolithic integrated circuits, nes , worth US$ 615,640,733.76 million.
  3. World imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 448,143,584.00 million.
  4. World imported Automobiles with reciprocating piston engine di , worth US$ 281,292,897.10 million.
  5. World imported Other medicaments of mixed or unmixed products, , worth US$ 280,022,365.44 million.

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by World in 2016 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 5.75 percent.
  • The trade weighted average tariff was 4.26 .
  • The total duty free imports in thousands of US dollars were 12,052.17 and duty free tariff line items share was 49.80 percent.

Development Indicators 2016

Key Development Indicators of World in 2016 are below

  • World GDP in current US dollar was 76,417,253 million.
  • GNI per capita, Atlas method (current US$) was 10,414.62 .
  • World Trade balance: as % of GDP was 0.83.
  • Trade balance in current US$ was 488,875.00 million.
  • Trade as percentage of GDP was 55.96 .
  • Trade in services as percentage of GDP was 12.93 .

Trade Indicators 2016

Trade Indicators for World in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 82.03.
  • World Growth in percentage was -1.24 and World Country Growth was -1.24 .