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World Trade Summary

2020

World exports, imports, tariff by year.

Country and Region
World
Year
2020

Imports/Exports


Products

All Products
Animal
Vegetable
Food Products
Minerals
Fuels
Chemicals
Plastic or Rubber
Hides and Skins
Wood
Textiles and Clothing
Footwear
Stone and Glass
Metals
Mach and Elec
Transportation
Miscellaneous

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 19,362,222 million.
  • The total value of imports (CIF) was 17,354,841 million.
  • At the HS6 digit level, 4,615 products were exported to 238 countries and 4,643 products were imported from 239 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$ 2,309,565 million, with a partner share of 13.44 percent.
  2. World exports to China worth US$ 1,726,046 million, with a partner share of 10.04 percent.
  3. World exports to Germany worth US$ 1,092,226 million, with a partner share of 6.35 percent.
  4. World exports to United Kingdom worth US$ 606,291 million, with a partner share of 3.53 percent.
  5. World exports to Hong Kong, China worth US$ 583,506 million, with a partner share of 3.39 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$ 2,702,729 million, with a partner share of 15.57 percent.
  2. World imports from United States worth US$ 1,390,573 million, with a partner share of 8.01 percent.
  3. World imports from Germany worth US$ 1,293,053 million, with a partner share of 7.45 percent.
  4. World imports from Japan worth US$ 721,201 million, with a partner share of 4.16 percent.
  5. World imports from Korea, Rep. worth US$ 576,598 million, with a partner share of 3.32 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 773,594,814.46 (US$ Thousands).
  2. World exported Petroleum oils and oils obtained from bituminou , worth 527,814,678.02 (US$ Thousands).
  3. World exported Petroleum oils, etc, (excl. crude); preparation , worth 458,881,703.29 (US$ Thousands).
  4. World exported Transmission apparatus, for radioteleph incorpo , worth 416,900,603.03 (US$ Thousands).
  5. World exported Other medicaments of mixed or unmixed products, , worth 309,447,140.95 (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 899,041,805.25 (US$ Thousands).
  2. World imported Petroleum oils and oils obtained from bituminou , worth 708,089,981.96 (US$ Thousands).
  3. World imported Transmission apparatus, for radioteleph incorpo , worth 435,886,921.33 (US$ Thousands).
  4. World imported Petroleum oils, etc, (excl. crude); preparation , worth 425,294,441.14 (US$ Thousands).
  5. World imported Other medicaments of mixed or unmixed products, , worth 335,401,080.71 (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 5.16 percent.
  • The trade weighted average tariff was 4.06 .
  • The total duty free imports in thousands of US dollars were 11,369.35 and duty free tariff line items share was 53.54 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 82.88.
  • World Growth in percentage was -3.83 and World Country Growth was -3.83 .