Top Ten Largest Countries by International Trade
In an ever more globalizing world, people and countries have become more interconnected than ever. Goods and products in the modern global economy truly know no boundaries. Many nations buy finished products with parts that come from multiple nations, while others produce and ship their own goods which are transported to various corners of the globe.
Last year, the United States was still the world’s largest international trading partner. But recently, multiple news sources reported that China will pass the United States as the largest trading nation when combining the market value of imports and exports by the end of this year. The rise of China is miraculous, as even at the beginning of 2012 they were behind the U.S. by over 300 billion dollars in trade share. But the country’s trade goods value has risen at a blistering 8 to 12 percent a year, which is why in just 30 years it has gone from an impoverished nation barely in the top 50, to number one by 2013. The U.S. is likely to stay number two for at least another half century, when India may be able to pose a challenge.
Here is the latest list from the beginning of 2012, with rank marks to show the new rankings by 2013. The only shifts are between South Korea and the Netherlands (#7 and #8), as well as China and the United States (#1 and #2).
Canada (Unchanged in 2013)
Total International Trade: 910.2 Billion US Dollars
Italy (Unchanged in 2013)
Total International Trade: 1.05 Trillion US Dollars
South Korea (#7 by 2013)
Total International Trade: 1.084 Trillion US Dollars (risen at least 3.5% this year)
Netherlands (#8 by 2013)
Total International Trade: 1.091 Trillion US Dollars
United Kingdom (Unchanged in 2013)
Total International Trade: 1.150 Trillion US Dollars
France (Unchanged in 2013)
Total International Trade: 1.263 Trillion US Dollars
Japan (Unchanged in 2013)
Total International Trade: 1.596 Trillion US Dollars
Germany (Unchanged in 2013)
China (#1 by 2013)
United States (#2 by 2013)