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World Trade Summary

2018

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 2018

Overall Exports and Imports for World 2018

Exports and imports of World in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 20,834,690 million.
  • The total value of imports (CIF) was 18,875,212 million.
  • At the HS6 digit level, 4,668 products were exported to 238 countries and 4,781 products were imported from 240 countries.

World top 5 Export and Import partners 2018

Top five countries to which World exported in 2018 are below, along with the percent of total exports that went to that country:

  1. World exports to United States worth US$ 2,314,963 million, with a partner share of 12.49 percent.
  2. World exports to China worth US$ 1,680,279 million, with a partner share of 9.07 percent.
  3. World exports to Germany worth US$ 1,183,472 million, with a partner share of 6.39 percent.
  4. World exports to Hong Kong, China worth US$ 659,846 million, with a partner share of 3.56 percent.
  5. World exports to United Kingdom worth US$ 650,901 million, with a partner share of 3.51 percent.

Top five countries from which World imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. World imports from China worth US$ 2,750,811 million, with a partner share of 14.57 percent.
  2. World imports from United States worth US$ 1,573,643 million, with a partner share of 8.34 percent.
  3. World imports from Germany worth US$ 1,436,856 million, with a partner share of 7.61 percent.
  4. World imports from Japan worth US$ 807,965 million, with a partner share of 4.28 percent.
  5. World imports from Korea, Rep. worth US$ 601,732 million, with a partner share of 3.19 percent.

World Top 5 Productsexports imports at HS 6 digit level 2018

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

  1. World exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 747,382,239.39 million.
  2. World exported Petroleum oils and oils obtained from bituminou , worth US$ 713,828,944.18 million.
  3. World exported Monolithic integrated circuits, digital , worth US$ 673,580,307.76 million.
  4. World exported Transmission apparatus, for radioteleph incorpo , worth US$ 387,625,391.86 million.
  5. World exported Automobiles with reciprocating piston engine di , worth US$ 288,473,521.23 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$ 1,199,967,142.26 million.
  2. World imported Monolithic integrated circuits, digital , worth US$ 786,404,320.27 million.
  3. World imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 685,838,128.44 million.
  4. World imported Transmission apparatus, for radioteleph incorpo , worth US$ 450,353,086.26 million.
  5. World imported Other medicaments of mixed or unmixed products, , worth US$ 293,881,130.24 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by World in 2018 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 5.85 percent.
  • The trade weighted average tariff was 4.96 .
  • The total duty free imports in thousands of US dollars were 45,712.86 and duty free tariff line items share was 52.04 percent.

Development Indicators 2018

Key Development Indicators of World in 2018 are below

  • World GDP in current US dollar was 85,909,816 million.
  • GNI per capita, Atlas method (current US$) was 11,123.78 .
  • World Trade balance: as % of GDP was 0.77.
  • Trade balance in current US$ was 488,701.00 million.
  • Trade as percentage of GDP was 59.44 .
  • Trade in services as percentage of GDP was 13.31 .

Trade Indicators 2018

Trade Indicators for World in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 66.98.
  • World Growth in percentage was 3.50 and World Country Growth was 3.50 .