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World Trade Summary

2023

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 2023

Overall Exports and Imports for World 2023

Exports and imports of World in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 25,317,885 million.
  • The total value of imports (CIF) was 23,098,223 million.
  • At the HS6 digit level, 4,614 products were exported to 238 countries and 4,649 products were imported from 238 countries.

World top 5 Export and Import partners 2023

Top five countries to which World exported in 2023 are below, along with the percent of total exports that went to that country:

  1. World exports to United States worth US$ 3,034,582 million, with a partner share of 13.45 percent.
  2. World exports to China worth US$ 1,929,848 million, with a partner share of 8.56 percent.
  3. World exports to Germany worth US$ 1,365,010 million, with a partner share of 6.05 percent.
  4. World exports to Unspecified worth US$ 854,304 million, with a partner share of 3.79 percent.
  5. World exports to Netherlands worth US$ 763,214 million, with a partner share of 3.38 percent.

Top five countries from which World imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. World imports from China worth US$ 3,267,596 million, with a partner share of 14.15 percent.
  2. World imports from United States worth US$ 1,948,373 million, with a partner share of 8.44 percent.
  3. World imports from Germany worth US$ 1,565,135 million, with a partner share of 6.78 percent.
  4. World imports from Japan worth US$ 816,924 million, with a partner share of 3.54 percent.
  5. World imports from Korea, Rep. worth US$ 708,208 million, with a partner share of 3.07 percent.

World Top 5 Productsexports imports at HS 6 digit level 2023

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 1,031,801,009.82 (US$ Thousands).
  2. World exported Petroleum oils, etc, (excl. crude); preparation , worth 944,755,717.65 (US$ Thousands).
  3. World exported Monolithic integrated circuits, digital , worth 931,050,056.30 (US$ Thousands).
  4. World exported Transmission apparatus, for radioteleph incorpo , worth 605,527,031.34 (US$ Thousands).
  5. World exported Other medicaments of mixed or unmixed products, , worth 356,003,797.56 (US$ Thousands).

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 1,369,123,661.63 (US$ Thousands).
  2. World imported Monolithic integrated circuits, digital , worth 1,066,999,222.51 (US$ Thousands).
  3. World imported Petroleum oils, etc, (excl. crude); preparation , worth 914,016,274.12 (US$ Thousands).
  4. World imported Transmission apparatus, for radioteleph incorpo , worth 630,965,309.36 (US$ Thousands).
  5. World imported Gold in unwrought forms non-monetary , worth 471,586,085.78 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by World in 2023 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 5.60 percent.
  • The trade weighted average tariff was 4.34 .
  • The total duty free imports in thousands of US dollars were 204,887.82 and duty free tariff line items share was 53.58 percent.

Development Indicators 2023

Key Development Indicators of World in 2023 are below

  • World GDP in current US dollar was 106,939,250 million.
  • GNI per capita, Atlas method (current US$) was 13,331.13 .
  • World Trade balance: as % of GDP was 0.79.
  • Trade balance in current US$ was 843,570.00 million.
  • Trade as percentage of GDP was 58.37 .
  • Trade in services as percentage of GDP was 14.33 .

Trade Indicators 2023

Trade Indicators for World in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 78.77.
  • World Growth in percentage was -3.13 and World Country Growth was -3.13 .