Markets
Mapped: The Top Export in Every Country
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Mapped: The Top Export in Every Country
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Today, exports make up roughly 25% of total global production.
One of the common influences on these exports, unsurprisingly, is oil. In fact, petroleum is the top export across over 50 nations, and along with many other resource-driven materials makes up a sizable share of the global export market. Since 2000, the total value of all exported global trade of goods and services has tripled to $19.5 trillion.
This infographic from HowMuch.net shows the top export in every country by value, according to the most recent global data from 2018.
Top Exports, by Region
Let’s dive into some particular regions, to see how top exports can vary:
Editor’s note: for even larger versions of each regional infographic below, visit HowMuch.net. All export data is from 2018 and comes from CEPII, a leading French center of economic analysis.
North America
In the U.S. petroleum outpaces all other exports, with crude oil accounting for 35% of total petroleum exports. Canada too, lists petroleum at the top.
Country | Top Export |
---|---|
Canada | Petroleum |
Greenland | Fish |
Mexico | Cars |
Saint Pierre and Quelon | Crustaceans |
U.S. | Petroleum |
With a market valued at $50.7 billion, Mexico’s top export is cars—making it the fourth largest exporter worldwide.
Africa
From Egypt to Senegal, Africa has a diverse spectrum of exports. Primarily, these are resource-driven, with the top five exports being petroleum, gold, diamonds, natural gas, and coal.
Country | Top Export |
---|---|
Algeria | Petroleum |
Angola | Petroleum |
Benin | Cotton |
Burkina Faso | Gold |
Burundi | Gold |
Cabo Verde | Fish |
Cameroon | Petroleum |
Central African Republic | Wood |
Chad | Petroleum |
Comoros | Cloves |
Congo | Petroleum |
Cote D'Ivoire | Cocoa Beans |
Dijibouti | Sheep and goats |
DR Congo | Copper |
Egypt | Petroleum |
Eritrea | Zinc |
Ethiopia | Coffee |
Gambia | Nuts |
Ghana | Gold |
Guinea | Gold |
Guinea-Bissau | Nuts |
Kenya | Tea |
Liberia | Gold |
Libya | Petroleum |
Madagascar | Vanilla |
Malawi | Tobacco |
Mali | Gold |
Mauritania | Iron |
Mauritus | Fish |
Morocco | Cars |
Mozambique | Cloves |
Niger | Gold |
Nigeria | Petroleum |
Rwanda | Gold |
Senegal | Gold |
Seychelles | Fish |
Sierra Leone | Titanium |
Somalia | Sheep and goats |
South African Customs Union | Gold |
South Sudan | Petroleum |
St. Helena | Blood |
Sudan | Petroleum |
Tanzana | Gold |
Togo | Petroleum |
Tunisia | Wires |
Uganda | Gold |
Zambia | Copper |
Zimbabwe | Gold |
Meanwhile, Ethiopia’s top export is coffee, shipping nearly $1 billion alone in 2018. Similarly, off the east coast, Madagascar is the world’s largest producer of vanilla.
Asia
While petroleum is also a dominant export across many countries in Asia, the region’s export landscape is a lot more tech-focused.
In South Korea, electronic circuits are the largest export. Samsung, headquartered in Seoul, is a major supplier to Apple for multiple electronic components. With one of the highest export ratios in Asia, 40% of South Korea’s economic output is derived from its export market.
Here are the top exports across other Asian countries.
Country | Top Export |
---|---|
Afghanistan | Grapes |
Armenia | Copper |
Azerbaijan | Petroleum |
Bahrain | Petroleum |
Bangladesh | Suits |
Bhutan | Ferro-alloys |
Br. Indian Ocean Terr. | Fish |
Brunei Darussalam | Petroleum |
Cambodia | Jerseys |
China | Transmission apparatus |
DPR Korea | Watches |
Georgia | Copper |
Hong Kong SAR | Gold |
Indonesia | Coals |
Iran | Petroleum |
Iraq | Petroleum |
Israel | Diamonds |
Japan | Cars |
Jordan | Fertilizers |
Kazakhstan | Petroleum |
Kuwait | Petroleum |
Kyrgyzstan | Gold |
Laos | Electrical energy |
Lebanon | Gold |
Macao SAR | Watches |
Malaysia | Electronic circuits |
Maldives | Fish |
Mongolia | Coals |
Myanmar | Petroleum |
Nepal | Yarn |
Oman | Petroleum |
Pakistan | Bed linen |
Philippines | Electronic circuits |
Qatar | Petroleum |
Saudi Arabia | Petroleum |
Singapore | Electronic circuits |
South Korea | Electronic circuits |
Sri Lanka | Tea |
State of Palestine | Stones |
Syria | Olive oil |
Tajikistan | Gold |
Thailand | Machinery |
Turkmenistan | Petroleum |
Turkey | Cars |
UAE | Petroleum |
Uzbekistan | Gold |
Vietnam | Transmission apparatus |
Yemen | Petroleum |
In Afghanistan, grapes are the top export, valued at $237 million. Almost one-fifth of Afghanistan’s exports come from the grape industry.
Europe
Across the European continent, the automotive industry stands out as a primary driver of exports, with 14 countries having cars or vehicles as their most exported good.
In fact, in 2019, the European Union exported a total of 5.6 million motor vehicles. Of these, 28% were shipped to the U.S. and 16.5% to China.
Country | Top Export |
---|---|
Albania | Footwear |
Andorra | Electronic circults |
Austria | Cars |
Belarus | Petroleum |
Belgium | Cars |
Bosnia Herzegovina | Electrical energy |
Bulgaria | Petroleum |
Croatia | Petroleum |
Cyprus | Petroleum |
Czech Republic | Cars |
Denmark | Drugs |
Estonia | Transmission apparatus |
Finland | Petroleum |
France | Airplanes |
Germany | Cars |
Gibraltar | Petroleum |
Greece | Petroleum |
Hungary | Cars |
Iceland | Aluminium |
Ireland | Blood |
Italy | Drugs |
Latvia | Wood |
Lithuania | Petroleum |
Luxembourg | Cars |
Malta | Petroleum |
Moldova | Wires |
Montenegro | Aluminium |
Netherlands | Petroleum |
Norway | Petroleum |
Poland | Vehicles |
Portugal | Cars |
Romania | Vehicles |
Russia | Petroleum |
San Marino | Machines |
Serbia | Wires |
Slovakia | Cars |
Slovenia | Cars |
Spain | Cars |
Sweden | Cars |
Switzerland | Gold |
TFYR of Macedonia | Reaction initiators |
U.K. | Cars |
Ukraine | Sun-Flower Seed |
The Balkan nation of Albania has footwear as its top export. Overall, nearly 80% of the nation’s GDP relies on goods and services exports.
France, on the other hand, has airplanes as its highest export while Italy and Denmark’s highest are drugs. Italy is the top producer of pharmaceuticals in Europe, an industry which employs 66,500 across the country. Globally, it makes up 2.8% of pharmaceutical sales.
Due to its cheap electricity prices, companies have flocked to Iceland to produce aluminum. Iceland’s dams, which generate power from glacial water, produce electricity as much as 30% cheaper than in America.
Latin America & the Caribbean Islands
Like other regions, petroleum stands out as a key export in countries across Latin America.
Take Venezuela. With the largest oil reserves in the world, its oil exports were valued at $90 billion annually ten years ago. Since the pandemic, however, earnings are projected to reach just a fraction of this total—only $2.3 billion this year.
Along with this, the U.S. has imposed sanctions on president Nicolás Maduro and Venezuela’s state oil company, PDVSA, causing oil exports to slump to their lowest point in nearly 80 years.
Country | Top Export |
---|---|
Anguilla | Ethyl alcohol |
Antigua and Barbuda | Cruise ships |
Argentina | Oil |
Aruba | Airplanes |
Bahamas | Cruise ships |
Barbados | Ethyl alcohol |
Belize | Cane sugar |
Bolivia | Petroleum |
Bonaire | Petroleum |
Brazil | Soya beans |
British Virgin Islands | Yachts |
Cayman Islands | Yachts |
Chile | Copper |
Colombia | Petroleum |
Costa Rica | Medical instruments |
Cuba | Cigars |
Curacao | Petroleum |
Dominica | Medical instruments |
Dominican Republic | Gold |
Ecuador | Petroleum |
El Salvador | T-shirts |
Falkland Is. (Malvinas) | Molluscs |
Grenada | Nutmeg |
Guatemala | Bananas |
Guyana | Gold |
Haiti | T-shirts |
Honduras | T-shirts |
Jamaica | Aluminium |
Montserrat | Sand |
Neth. Antilles | Cars |
Nicaragua | T-shirts |
Panama | Petroleum |
Paraguay | Soya beans |
Peru | Copper |
Saint Barthelemy | Cosmetics |
Saint Kitts and Nevis | Transmission apparatus |
Saint Lucia | Petroleum |
Saint Maarten | Jewellery |
Saint Vincent and the Grenadines | Petroleum |
Suriname | Gold |
Trinidad and Tobago | Petroleum |
Turks and Caicos Is. | Petroleum |
Uruguay | Wood pulp |
Venezuela | Petroleum |
For Caribbean nations, unsurprisingly, many top exports in this region are linked to tourism.
Cruise ships stood out as a primary export in the Bahamas, while yachts were most significant in the Cayman Islands. However, due to the pandemic, many of these national economies are at heightened risk, with some economies across the region projected to contract 10% in 2020.
Oceania
Finally, in Oceania, Australia had coal as it’s top export in 2018 (though it has since switched to iron ore in 2019), while New Zealand sends milk abroad.
For many of the smaller islands throughout the Pacific, it can be seen that fish, cruise ships, water, and yachts are key exports.
The Future of Trade
Now, COVID-19 and a host of other factors are changing the way the world trades. Unexpected shocks, trade wars, the carbon footprint, and labor standards are influencing firms to build more resilient supply chains.
According to The Economist, it’s estimated that over the next five years that 16-26% of exported goods production could shift locations.
Stocks
Comparing Saudi Aramco’s $1.9T Valuation to Its Rivals
See how much larger Saudi Aramco’s market cap is compared to rivals like Chevron, ExxonMobil, and Shell.
Putting Saudi Aramco’s Market Cap Into Perspective
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
As of May 2024, there are just six trillion-dollar companies in the world, and only one of them is an oil company.
In this graphic, we put Saudi Aramco’s market cap into perspective by comparing it to the rest of the world’s largest oil companies. Numbers were sourced from Companiesmarketcap.com, and are as of May 24, 2024.
Data and Takeaways
The data we used to create this graphic are listed in the table below.
Company | Market Cap (as of May 24, 2024) |
---|---|
🇸🇦 Saudi Aramco | $1,914B |
🇺🇸 Exxon Mobil | $509B |
🇺🇸 Chevron | $288B |
🇨🇳 Petro China | $243B |
🇳🇱 Shell | $225B |
🇫🇷 TotalEnergies | $165B |
🇺🇸 ConocoPhillips | $137B |
🇬🇧 BP | $103B |
🇨🇳 Sinopec | $102B |
Saudi Aramco launched its initial public offering (IPO) on December 11, 2019. It remains the largest IPO in history, raising $25.6 billion and valuing the company at $1.7 trillion. Aramco is also the only trillion-dollar company that isn’t based in the United States.
As of 2022, Aramco had proven reserves equal to 259 billion barrels of oil equivalent, which is massively greater than rivals like ExxonMobil (17.7 billion) and Chevron (11.2 billion).
$1.9T*
It should be noted that the Saudi government directly owns 90% of the company, while another 8% is held by the country’s sovereign wealth fund. With only 2% of shares available to the public, some believe that the company’s current valuation carries little weight.
For example, a Bloomberg op-ed from 2023 described Aramco’s valuation as an “illusion” due to its very low trading volume. Over a one year period, Aramco’s average daily turnover was just $51 million, compared to $1.9 billion for ExxonMobil and $1.4 billion for Chevron.
See More Market Cap Comparisons from Visual Capitalist
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