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World Trade Summary

2020

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 2020

Overall Exports and Imports for World 2020

Exports and imports of World in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 19,307,195 million.
  • The total value of imports (CIF) was 17,301,173 million.
  • At the HS6 digit level, 4,613 products were exported to 239 countries and 4,642 products were imported from 240 countries.

World top 5 Export and Import partners 2020

Top five countries to which World exported in 2020 are below, along with the percent of total exports that went to that country:

  1. World exports to United States worth US$ 2,308,447 million, with a partner share of 13.47 percent.
  2. World exports to China worth US$ 1,714,490 million, with a partner share of 10.01 percent.
  3. World exports to Germany worth US$ 1,092,045 million, with a partner share of 6.37 percent.
  4. World exports to United Kingdom worth US$ 606,062 million, with a partner share of 3.54 percent.
  5. World exports to Hong Kong, China worth US$ 583,360 million, with a partner share of 3.40 percent.

Top five countries from which World imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. World imports from China worth US$ 2,691,026 million, with a partner share of 15.55 percent.
  2. World imports from United States worth US$ 1,389,319 million, with a partner share of 8.03 percent.
  3. World imports from Germany worth US$ 1,291,639 million, with a partner share of 7.47 percent.
  4. World imports from Japan worth US$ 721,070 million, with a partner share of 4.17 percent.
  5. World imports from Korea, Rep. worth US$ 580,513 million, with a partner share of 3.36 percent.

World Top 5 Productsexports imports at HS 6 digit level 2020

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

  1. World exported Monolithic integrated circuits, digital , worth 773,606,226.87 (US$ Thousands).
  2. World exported Petroleum oils and oils obtained from bituminou , worth 511,379,433.64 (US$ Thousands).
  3. World exported Petroleum oils, etc, (excl. crude); preparation , worth 457,140,061.67 (US$ Thousands).
  4. World exported Transmission apparatus, for radioteleph incorpo , worth 416,902,004.71 (US$ Thousands).
  5. World exported Other medicaments of mixed or unmixed products, , worth 309,400,101.71 (US$ Thousands).

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

  1. World imported Monolithic integrated circuits, digital , worth 898,913,778.14 (US$ Thousands).
  2. World imported Petroleum oils and oils obtained from bituminou , worth 709,956,240.01 (US$ Thousands).
  3. World imported Transmission apparatus, for radioteleph incorpo , worth 432,752,231.71 (US$ Thousands).
  4. World imported Petroleum oils, etc, (excl. crude); preparation , worth 421,582,545.63 (US$ Thousands).
  5. World imported Other medicaments of mixed or unmixed products, , worth 334,267,083.59 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by World in 2020 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 5.02 percent.
  • The trade weighted average tariff was 3.91 .
  • The total duty free imports in thousands of US dollars were 11,369.31 and duty free tariff line items share was 52.80 percent.

Development Indicators 2020

Key Development Indicators of World in 2020 are below

  • World GDP in current US dollar was 85,215,151 million.
  • GNI per capita, Atlas method (current US$) was 11,051.65 .
  • World Trade balance: as % of GDP was 0.76.
  • Trade balance in current US$ was 647,202.00 million.
  • Trade as percentage of GDP was 52.15 .
  • Trade in services as percentage of GDP was 11.77 .

Trade Indicators 2020

Trade Indicators for World in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 78.42.
  • World Growth in percentage was -3.75 and World Country Growth was -3.75 .