Merchandise Exports by Country
In 2025, China exported more than $3.7 trillion worth of goods. Tuvalu exported less than $1 million. Between these two extremes lies the full spectrum of global merchandise trade, from the world's largest manufacturing powerhouses to islands and territories whose exports can be measured in the tens of thousands of dollars. The data, covering 205 countries and territories between 2020 and 2025, provides a detailed look at how goods trade is distributed across the global economy.
Merchandise exports — the value of physical goods shipped out of a country — represent one of the most important measures of a country's participation in international trade. While the figures fluctuate from year to year with commodity prices, exchange rates, and global demand, the broad hierarchy of exporters has remained relatively stable, with a handful of economies accounting for a dominant share of the world total.
What merchandise exports measure
Merchandise exports refer to the total value of physical goods — manufactured products, raw materials, agricultural commodities, machinery, vehicles, chemicals, and other tangible items — that a country sells to foreign markets. The value is reported in current U.S. dollars, meaning it reflects both the quantity of goods exported and the prices at which they were sold in each year.
This indicator is distinct from several related measures. It does not include exports of services such as tourism, financial services, software, or consulting. It is not the same as total exports (goods plus services). It does not reflect export volume in physical terms, nor does it show whether a country runs a trade surplus or deficit. A high merchandise export value indicates that a country sells a large amount of goods abroad, but it does not, on its own, say anything about the profitability of those exports or the share of domestic value added in the goods shipped.
Merchandise Exports by Country
The world's largest merchandise exporters in 2025
China remains the world's largest merchandise exporter by a wide margin, with $3.77 trillion in goods exports in 2025. The United States ranks second at $2.19 trillion, followed by Germany at $1.76 trillion. Together, these three economies account for a substantial share of global goods trade.
The Netherlands ($989 billion), Hong Kong ($754 billion), Japan ($738 billion), Italy ($726 billion), and South Korea ($709 billion) form the next tier. The United Arab Emirates ($707 billion) and France ($683 billion) round out the top ten. Several other economies exceed half a trillion dollars in annual exports: Mexico ($665 billion), Belgium ($568 billion), Singapore ($567 billion), the United Kingdom ($556 billion), Canada ($555 billion), and Switzerland ($554 billion).
Asia is particularly well represented in the upper ranks. Vietnam ($473 billion) and India ($445 billion) both appear in the top 20, reflecting the continued shift of manufacturing capacity toward Southeast and South Asia. Russia ($419 billion) also ranks among the top 20, supported by its energy and commodity exports, though its 2025 total remains below the peak levels seen earlier in the decade.
Countries with the smallest merchandise exports
At the other end of the scale, many small island states and micro-economies report very low merchandise export totals, often because their economies rely heavily on services, tourism, or subsistence agriculture rather than manufacturing or resource extraction. Tuvalu reports essentially zero merchandise exports in 2025. Palau ($3 million), the Turks and Caicos Islands ($5 million), the Northern Mariana Islands ($6 million), and Tonga ($13 million) occupy the bottom tier.
Other small economies such as Kiribati ($20 million), Samoa ($24 million), Dominica ($24 million), and Nauru ($31 million) also export very modest amounts of goods. These figures do not indicate failure or economic weakness; they reflect the structural reality that very small populations, limited land area, and geographic isolation constrain the scale of goods production for export. Many of these economies generate far more revenue from services, tourism, or fishing rights than from merchandise trade.
How merchandise exports changed between 2020 and 2025
The five-year period from 2020 to 2025 saw a strong overall recovery in global merchandise trade following the pandemic-era disruptions of 2020. Most countries recorded growth in export values over the period, though the magnitude varies enormously.
Among the largest absolute gains, China's exports rose by $1.18 trillion between 2020 and 2025 — more than the total annual exports of all but a handful of countries. The United States added $743 billion, and Germany added $381 billion. The Netherlands, the United Arab Emirates, and Mexico each recorded increases exceeding $200 billion.
In percentage terms, some of the fastest growth occurred in economies that started from a very low base or experienced a surge in resource extraction. Gambia's exports grew by 743% from a small base. Guyana's exports surged by 622%, driven by rapid expansion of offshore oil production. Libya recorded 256% growth as its oil output recovered. Sierra Leone, Liberia, Armenia, Uganda, Nepal, and North Korea also more than doubled their export values between 2020 and 2025.
Not all countries saw growth. Ukraine's exports declined by 18% over the period, from $49 billion to $40 billion. Haiti, Samoa, Yemen, and Timor-Leste also recorded notable declines. Several of these declines are associated with political instability, conflict, or natural disasters, though the dataset itself does not provide causal explanations.
Year-over-year changes in 2025 show continued dynamism. Burkina Faso's exports nearly doubled from the previous year, while Ghana, Senegal, Nepal, and Burundi all recorded strong growth. On the other hand, Kyrgyzstan, Venezuela, and Armenia saw substantial single-year declines in 2025.
Global trade patterns visible in the data
Merchandise exports are heavily concentrated among a relatively small number of countries. The top three exporters — China, the United States, and Germany — together account for roughly one-third of the total value recorded in the dataset. The top ten represent more than half. This concentration reflects the reality that large-scale manufacturing, advanced industrial capacity, and access to global supply chains are not evenly distributed.
Asia's growing role in global goods trade is unmistakable. China, Japan, South Korea, India, and Vietnam together exported more than $6 trillion in goods in 2025. The United Arab Emirates and Saudi Arabia contribute significant export volumes from the Middle East, driven by energy and petrochemicals. European economies remain highly competitive in high-value manufactured goods, with Germany, the Netherlands, Italy, France, and Belgium all ranking among the top 15.
The countries with the highest export growth rates over the five-year period are disproportionately economies that expanded resource extraction or benefited from rising commodity prices. Guyana, Libya, and Sierra Leone fit this pattern. Meanwhile, the largest absolute gains have gone to economies that already dominate global manufacturing trade, reinforcing the concentration of export activity.
Merchandise Exports by Country
| # |
Country
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
|---|---|---|---|---|---|---|---|
| 1 |
|
2,589,952,000,000 | 3,316,022,000,000 | 3,544,434,000,000 | 3,379,044,000,000 | 3,575,795,000,000 | 3,771,842,000,000 |
| 2 |
|
1,424,935,000,000 | 1,754,300,000,000 | 2,065,157,000,000 | 2,018,059,000,000 | 2,061,691,000,000 | 2,185,220,000,000 |
| 3 |
|
1,382,533,000,000 | 1,627,375,000,000 | 1,676,472,000,000 | 1,702,278,000,000 | 1,676,408,000,000 | 1,764,188,000,000 |
| 4 |
|
674,602,000,000 | 840,032,000,000 | 963,492,000,000 | 935,047,000,000 | 920,540,000,000 | 989,237,000,000 |
| 5 |
|
548,773,000,000 | 669,903,000,000 | 609,925,000,000 | 573,871,000,000 | 645,537,000,000 | 753,582,000,000 |
| 6 |
|
641,319,000,000 | 756,032,000,000 | 746,824,000,000 | 717,256,000,000 | 707,009,000,000 | 738,337,000,000 |
| 7 |
|
499,792,000,000 | 615,635,000,000 | 658,557,000,000 | 676,724,000,000 | 673,478,000,000 | 726,499,000,000 |
| 8 |
|
512,498,000,000 | 644,400,000,000 | 683,585,000,000 | 632,226,000,000 | 683,609,000,000 | 709,330,000,000 |
| 9 |
|
335,297,000,000 | 425,160,000,000 | 515,621,000,000 | 570,245,000,000 | 605,580,000,000 | 706,671,000,000 |
| 10 |
|
488,637,000,000 | 585,021,000,000 | 620,461,000,000 | 651,122,000,000 | 640,518,000,000 | 683,095,000,000 |
| 11 |
|
417,171,000,000 | 494,949,000,000 | 577,697,000,000 | 593,001,000,000 | 617,677,000,000 | 664,837,000,000 |
| 12 |
|
422,655,000,000 | 551,478,000,000 | 638,282,000,000 | 578,515,000,000 | 554,582,000,000 | 568,105,000,000 |
| 13 |
|
362,534,000,000 | 457,357,000,000 | 515,802,000,000 | 476,252,000,000 | 505,658,000,000 | 566,872,000,000 |
| 14 |
|
399,529,000,000 | 472,147,000,000 | 546,151,000,000 | 525,016,000,000 | 524,286,000,000 | 555,829,000,000 |
| 15 |
|
390,821,000,000 | 509,441,000,000 | 601,632,000,000 | 570,079,000,000 | 567,744,000,000 | 554,676,000,000 |
| 16 |
|
319,318,000,000 | 380,194,000,000 | 400,693,000,000 | 419,982,000,000 | 447,308,000,000 | 554,160,000,000 |
| 17 |
|
282,629,000,000 | 335,978,000,000 | 371,288,000,000 | 353,782,000,000 | 404,824,000,000 | 472,929,000,000 |
| 18 |
|
276,410,000,000 | 395,426,000,000 | 453,415,000,000 | 431,559,000,000 | 442,886,000,000 | 445,278,000,000 |
| 19 |
|
308,317,000,000 | 379,969,000,000 | 415,462,000,000 | 422,487,000,000 | 428,505,000,000 | 445,106,000,000 |
| 20 |
|
333,530,000,000 | 494,161,000,000 | 592,075,000,000 | 424,749,000,000 | 433,634,000,000 | 419,398,000,000 |
| 21 |
|
273,835,000,000 | 340,634,000,000 | 360,542,000,000 | 381,517,000,000 | 382,845,000,000 | 413,895,000,000 |
| 22 |
|
234,766,000,000 | 299,425,000,000 | 352,094,000,000 | 312,965,000,000 | 330,761,000,000 | 376,041,000,000 |
| 23 |
|
209,180,000,000 | 280,815,000,000 | 334,136,000,000 | 339,696,000,000 | 337,046,000,000 | 348,278,000,000 |
| 24 |
|
231,634,000,000 | 272,006,000,000 | 287,425,000,000 | 285,074,000,000 | 300,740,000,000 | 339,635,000,000 |
| 25 |
|
250,823,000,000 | 344,864,000,000 | 412,683,000,000 | 371,407,000,000 | 340,827,000,000 | 337,582,000,000 |
| 26 |
|
173,854,000,000 | 276,179,000,000 | 411,184,000,000 | 320,018,000,000 | 305,499,000,000 | 310,672,000,000 |
| 27 |
|
180,104,000,000 | 190,658,000,000 | 214,156,000,000 | 208,320,000,000 | 241,202,000,000 | 293,418,000,000 |
| 28 |
|
191,911,000,000 | 226,564,000,000 | 242,015,000,000 | 255,549,000,000 | 263,126,000,000 | 283,617,000,000 |
| 29 |
|
163,306,000,000 | 231,506,000,000 | 291,979,000,000 | 258,857,000,000 | 264,706,000,000 | 282,909,000,000 |
| 30 |
|
169,638,000,000 | 225,214,000,000 | 254,170,000,000 | 255,627,000,000 | 261,778,000,000 | 273,361,000,000 |
| 31 |
|
169,418,000,000 | 202,806,000,000 | 211,929,000,000 | 224,056,000,000 | 214,132,000,000 | 222,029,000,000 |
| 32 |
|
155,496,000,000 | 189,524,000,000 | 197,736,000,000 | 197,469,000,000 | 195,663,000,000 | 208,332,000,000 |
| 33 |
|
84,459,000,000 | 160,106,000,000 | 250,518,000,000 | 178,609,000,000 | 167,983,000,000 | 170,567,000,000 |
| 34 |
|
120,654,000,000 | 141,830,000,000 | 153,580,000,000 | 164,359,000,000 | 159,268,000,000 | 168,841,000,000 |
| 35 |
|
108,454,000,000 | 125,945,000,000 | 131,702,000,000 | 129,140,000,000 | 133,335,000,000 | 148,379,000,000 |
| 36 |
|
86,640,000,000 | 103,891,000,000 | 108,386,000,000 | 117,494,000,000 | 115,794,000,000 | 125,443,000,000 |
| 37 |
|
85,834,000,000 | 123,572,000,000 | 122,901,000,000 | 110,855,000,000 | 110,076,000,000 | 116,399,000,000 |
| 38 |
|
46,916,000,000 | 71,646,000,000 | 97,852,000,000 | 97,357,000,000 | 112,654,000,000 | 113,225,000,000 |
| 39 |
|
70,718,000,000 | 87,388,000,000 | 96,699,000,000 | 100,607,000,000 | 100,291,000,000 | 109,134,000,000 |
| 40 |
|
74,023,000,000 | 94,601,000,000 | 98,477,000,000 | 92,972,000,000 | 99,164,000,000 | 107,005,000,000 |
| 41 |
|
44,832,000,000 | 57,352,000,000 | 69,716,000,000 | 73,045,000,000 | 78,906,000,000 | 96,596,000,000 |
| 42 |
|
46,863,000,000 | 73,084,000,000 | 118,045,000,000 | 99,149,000,000 | 100,990,000,000 | 92,912,000,000 |
| 43 |
|
61,496,000,000 | 75,229,000,000 | 82,463,000,000 | 83,621,000,000 | 85,367,000,000 | 89,417,000,000 |
| 44 |
|
51,504,000,000 | 87,203,000,000 | 130,964,000,000 | 97,751,000,000 | 95,044,000,000 | 88,771,000,000 |
| 45 |
|
54,884,000,000 | 77,934,000,000 | 88,703,000,000 | 66,988,000,000 | 79,703,000,000 | 87,111,000,000 |
| 46 |
|
66,220,000,000 | 81,996,000,000 | 86,069,000,000 | 82,561,000,000 | 78,037,000,000 | 84,045,000,000 |
| 47 |
|
63,879,000,000 | 74,618,000,000 | 78,930,000,000 | 73,527,000,000 | 72,984,000,000 | 83,723,000,000 |
| 48 |
|
39,600,000,000 | 59,648,000,000 | 62,911,000,000 | 64,715,000,000 | 74,713,000,000 | 82,692,000,000 |
| 49 |
|
46,447,000,000 | 60,625,000,000 | 84,593,000,000 | 78,533,000,000 | 82,471,000,000 | 78,793,000,000 |
| 50 |
|
40,116,000,000 | 63,128,000,000 | 99,985,000,000 | 83,981,000,000 | 75,150,000,000 | 72,073,000,000 |
| 51 |
|
50,152,000,000 | 60,159,000,000 | 72,572,000,000 | 63,345,000,000 | 60,255,000,000 | 59,010,000,000 |
| 52 |
|
35,634,000,000 | 46,871,000,000 | 63,075,000,000 | 55,182,000,000 | 53,320,000,000 | 55,468,000,000 |
| 53 |
|
33,479,000,000 | 44,591,000,000 | 66,063,000,000 | 59,011,000,000 | 65,160,000,000 | 55,276,000,000 |
| 54 |
|
35,215,000,000 | 47,218,000,000 | 58,524,000,000 | 55,153,000,000 | 54,095,000,000 | 54,767,000,000 |
| 55 |
|
27,078,000,000 | 41,310,000,000 | 51,280,000,000 | 42,081,000,000 | 42,247,000,000 | 51,403,000,000 |
| 56 |
|
31,008,000,000 | 40,287,000,000 | 56,999,000,000 | 49,545,000,000 | 49,564,000,000 | 50,086,000,000 |
| 57 |
|
27,159,000,000 | 35,843,000,000 | 41,481,000,000 | 41,642,000,000 | 45,226,000,000 | 49,777,000,000 |
| 58 |
|
31,954,000,000 | 41,157,000,000 | 49,925,000,000 | 47,980,000,000 | 47,888,000,000 | 48,318,000,000 |
| 59 |
|
33,605,000,000 | 44,223,000,000 | 51,405,000,000 | 44,237,000,000 | 47,246,000,000 | 48,167,000,000 |
| 60 |
|
38,377,000,000 | 44,777,000,000 | 45,102,000,000 | 41,399,000,000 | 42,289,000,000 | 46,699,000,000 |
| 61 |
|
21,932,000,000 | 38,637,000,000 | 65,715,000,000 | 55,555,000,000 | 49,067,000,000 | 45,400,000,000 |
| 62 |
|
32,805,000,000 | 40,706,000,000 | 46,485,000,000 | 42,981,000,000 | 39,813,000,000 | 41,626,000,000 |
| 63 |
|
29,179,000,000 | 39,762,000,000 | 38,220,000,000 | 39,840,000,000 | 40,344,000,000 | 41,395,000,000 |
| 64 |
|
49,192,000,000 | 68,073,000,000 | 44,134,000,000 | 37,585,000,000 | 41,732,000,000 | 40,368,000,000 |
| 65 |
|
19,498,000,000 | 25,564,000,000 | 29,058,000,000 | 30,935,000,000 | 31,586,000,000 | 37,314,000,000 |
| 66 |
|
20,355,000,000 | 26,699,000,000 | 32,658,000,000 | 31,126,000,000 | 34,421,000,000 | 37,152,000,000 |
| 67 |
|
22,135,000,000 | 34,472,000,000 | 51,275,000,000 | 39,506,000,000 | 39,250,000,000 | 32,492,000,000 |
| 68 |
|
14,230,000,000 | 21,412,000,000 | 15,672,000,000 | 27,727,000,000 | 29,900,000,000 | 32,100,000,000 |
| 69 |
|
17,716,000,000 | 19,307,000,000 | 22,472,000,000 | 23,186,000,000 | 26,661,000,000 | 31,274,000,000 |
| 70 |
|
14,472,000,000 | 14,727,000,000 | 17,276,000,000 | 16,703,000,000 | 19,165,000,000 | 31,107,000,000 |
| 71 |
|
21,979,000,000 | 28,319,000,000 | 30,901,000,000 | 28,470,000,000 | 32,320,000,000 | 30,545,000,000 |
| 72 |
|
8,443,000,000 | 30,972,000,000 | 39,196,000,000 | 33,079,000,000 | 30,191,000,000 | 30,085,000,000 |
| 73 |
|
12,454,000,000 | 15,334,000,000 | 16,429,000,000 | 18,350,000,000 | 20,549,000,000 | 28,471,000,000 |
| 74 |
|
17,193,000,000 | 21,878,000,000 | 25,467,000,000 | 24,960,000,000 | 26,015,000,000 | 28,386,000,000 |
| 75 |
|
14,066,000,000 | 22,369,000,000 | 30,194,000,000 | 24,814,000,000 | 24,278,000,000 | 26,456,000,000 |
| 76 |
|
12,319,000,000 | 15,494,000,000 | 16,597,000,000 | 19,025,000,000 | 21,688,000,000 | 26,431,000,000 |
| 77 |
|
13,733,000,000 | 22,208,000,000 | 38,147,000,000 | 33,899,000,000 | 26,554,000,000 | 25,043,000,000 |
| 78 |
|
13,097,000,000 | 14,081,000,000 | 15,276,000,000 | 19,229,000,000 | 19,698,000,000 | 23,654,000,000 |
| 79 |
|
16,337,000,000 | 20,833,000,000 | 24,101,000,000 | 22,596,000,000 | 20,644,000,000 | 22,122,000,000 |
| 80 |
|
13,799,000,000 | 16,689,000,000 | 18,561,000,000 | 19,985,000,000 | 19,972,000,000 | 21,293,000,000 |
| 81 |
|
16,340,000,000 | 21,560,000,000 | 22,859,000,000 | 19,617,000,000 | 18,795,000,000 | 20,980,000,000 |
| 82 |
|
2,590,000,000 | 4,356,000,000 | 11,281,000,000 | 13,210,000,000 | 19,786,000,000 | 18,693,000,000 |
| 83 |
|
13,839,000,000 | 16,800,000,000 | 17,377,000,000 | 17,189,000,000 | 16,197,000,000 | 18,390,000,000 |
| 84 |
|
7,576,000,000 | 9,241,000,000 | 12,539,000,000 | 15,187,000,000 | 15,783,000,000 | 15,761,000,000 |
| 85 |
|
10,302,000,000 | 12,486,000,000 | 13,750,000,000 | 12,950,000,000 | 13,872,000,000 | 15,579,000,000 |
| 86 |
|
6,477,000,000 | 9,445,000,000 | 13,550,000,000 | 16,164,000,000 | 14,974,000,000 | 15,561,000,000 |
| 87 |
|
11,521,000,000 | 13,753,000,000 | 15,695,000,000 | 14,199,000,000 | 14,601,000,000 | 15,558,000,000 |
| 88 |
|
9,077,000,000 | 10,842,000,000 | 14,614,000,000 | 12,831,000,000 | 13,975,000,000 | 15,541,000,000 |
| 89 |
|
16,692,000,000 | 15,154,000,000 | 17,085,000,000 | 14,753,000,000 | 14,924,000,000 | 15,298,000,000 |
| 90 |
|
8,931,000,000 | 10,239,000,000 | 8,753,000,000 | 9,180,000,000 | 9,850,000,000 | 15,104,000,000 |
| 91 |
|
7,943,000,000 | 9,358,000,000 | 12,780,000,000 | 12,552,000,000 | 13,534,000,000 | 14,913,000,000 |
| 92 |
|
10,047,000,000 | 12,499,000,000 | 13,107,000,000 | 11,911,000,000 | 12,772,000,000 | 13,581,000,000 |
| 93 |
|
7,924,000,000 | 11,013,000,000 | 11,643,000,000 | 10,431,000,000 | 11,276,000,000 | 13,314,000,000 |
| 94 |
|
4,149,000,000 | 3,965,000,000 | 3,577,000,000 | 6,305,000,000 | 8,039,000,000 | 12,500,000,000 |
| 95 |
|
6,115,000,000 | 7,695,000,000 | 8,198,000,000 | 8,370,000,000 | 9,386,000,000 | 12,377,000,000 |
| 96 |
|
7,683,000,000 | 10,247,000,000 | 12,281,000,000 | 11,383,000,000 | 11,083,000,000 | 12,004,000,000 |
| 97 |
|
9,483,000,000 | 13,161,000,000 | 15,278,000,000 | 16,738,000,000 | 13,181,000,000 | 11,903,000,000 |
| 98 |
|
7,345,000,000 | 8,031,000,000 | 10,470,000,000 | 12,695,000,000 | 13,000,000,000 | 11,600,000,000 |
| 99 |
|
6,864,000,000 | 9,535,000,000 | 11,184,000,000 | 9,220,000,000 | 10,253,000,000 | 11,230,000,000 |
| 100 |
|
8,518,000,000 | 10,547,000,000 | 9,957,000,000 | 11,891,000,000 | 10,880,000,000 | 11,082,000,000 |
| 101 |
|
4,372,000,000 | 5,043,000,000 | 4,518,000,000 | 4,467,000,000 | 5,640,000,000 | 11,076,000,000 |
| 102 |
|
6,608,000,000 | 11,058,000,000 | 14,230,000,000 | 11,241,000,000 | 11,258,000,000 | 10,498,000,000 |
| 103 |
|
3,929,000,000 | 5,202,000,000 | 5,710,000,000 | 5,317,000,000 | 6,310,000,000 | 10,243,000,000 |
| 104 |
|
6,061,000,000 | 6,391,000,000 | 6,825,000,000 | 7,275,000,000 | 8,702,000,000 | 9,956,000,000 |
| 105 |
|
6,155,000,000 | 8,614,000,000 | 9,674,000,000 | 9,232,000,000 | 8,890,000,000 | 9,813,000,000 |
| 106 |
|
4,395,000,000 | 6,036,000,000 | 6,586,000,000 | 7,225,000,000 | 7,432,000,000 | 9,707,000,000 |
| 107 |
|
7,015,000,000 | 11,030,000,000 | 13,924,000,000 | 10,911,000,000 | 9,059,000,000 | 9,701,000,000 |
| 108 |
|
6,638,000,000 | 8,186,000,000 | 8,727,000,000 | 8,999,000,000 | 8,422,000,000 | 9,056,000,000 |
| 109 |
|
5,087,000,000 | 6,495,000,000 | 7,360,000,000 | 7,378,000,000 | 7,522,000,000 | 8,893,000,000 |
| 110 |
|
6,034,000,000 | 6,739,000,000 | 7,411,000,000 | 7,191,000,000 | 8,237,000,000 | 8,601,000,000 |
| 111 |
|
5,010,000,000 | 3,535,000,000 | 4,765,000,000 | 7,815,000,000 | 14,365,000,000 | 8,600,000,000 |
| 112 |
|
2,544,000,000 | 3,023,000,000 | 5,360,000,000 | 8,552,000,000 | 13,092,000,000 | 8,395,000,000 |
| 113 |
|
3,720,000,000 | 5,704,000,000 | 8,299,000,000 | 8,276,000,000 | 8,211,000,000 | 8,100,000,000 |
| 114 |
|
3,258,000,000 | 3,949,000,000 | 3,970,000,000 | 3,468,000,000 | 5,472,000,000 | 7,585,000,000 |
| 115 |
|
4,893,000,000 | 7,512,000,000 | 8,870,000,000 | 9,465,000,000 | 7,859,000,000 | 7,500,000,000 |
| 116 |
|
3,341,000,000 | 4,243,000,000 | 5,583,000,000 | 6,086,000,000 | 6,559,000,000 | 7,291,000,000 |
| 117 |
|
4,582,000,000 | 5,987,000,000 | 7,389,000,000 | 6,789,000,000 | 6,936,000,000 | 7,167,000,000 |
| 118 |
|
3,868,000,000 | 4,417,000,000 | 5,828,000,000 | 5,526,000,000 | 6,544,000,000 | 7,024,000,000 |
| 119 |
|
5,519,000,000 | 8,620,000,000 | 13,286,000,000 | 7,864,000,000 | 7,899,000,000 | 6,816,000,000 |
| 120 |
|
4,805,000,000 | 6,395,000,000 | 7,115,000,000 | 6,498,000,000 | 6,311,000,000 | 6,429,000,000 |
| 121 |
|
3,063,000,000 | 3,963,000,000 | 4,512,000,000 | 5,061,000,000 | 5,526,000,000 | 6,186,000,000 |
| 122 |
|
2,785,000,000 | 3,829,000,000 | 4,608,000,000 | 4,785,000,000 | 5,169,000,000 | 6,090,000,000 |
| 123 |
|
4,262,000,000 | 7,420,000,000 | 8,327,000,000 | 5,763,000,000 | 4,665,000,000 | 5,119,000,000 |
| 124 |
|
3,132,000,000 | 4,317,000,000 | 5,584,000,000 | 4,927,000,000 | 5,364,000,000 | 5,100,000,000 |
| 125 |
|
4,794,000,000 | 4,858,000,000 | 5,376,000,000 | 5,655,000,000 | 5,534,000,000 | 4,855,000,000 |
| 126 |
|
4,085,000,000 | 4,138,000,000 | 4,485,000,000 | 4,139,000,000 | 3,781,000,000 | 4,598,000,000 |
| 127 |
|
2,829,000,000 | 3,267,000,000 | 3,778,000,000 | 4,065,000,000 | 4,150,000,000 | 4,510,000,000 |
| 128 |
|
2,506,000,000 | 3,559,000,000 | 4,309,000,000 | 4,374,000,000 | 4,000,000,000 | 4,347,000,000 |
| 129 |
|
1,808,000,000 | 2,711,000,000 | 4,422,000,000 | 4,604,000,000 | 4,500,000,000 | 4,000,000,000 |
| 130 |
|
2,996,000,000 | 3,642,000,000 | 3,719,000,000 | 4,050,000,000 | 4,024,000,000 | 3,988,000,000 |
| 131 |
|
2,837,000,000 | 3,064,000,000 | 3,253,000,000 | 3,467,000,000 | 3,782,000,000 | 3,819,000,000 |
| 132 |
|
2,467,000,000 | 3,144,000,000 | 4,332,000,000 | 4,049,000,000 | 3,555,000,000 | 3,783,000,000 |
| 133 |
|
2,727,000,000 | 1,823,000,000 | 1,936,000,000 | 3,231,000,000 | 3,325,000,000 | 3,385,000,000 |
| 134 |
|
1,973,000,000 | 2,752,000,000 | 2,255,000,000 | 3,385,000,000 | 5,142,000,000 | 2,852,000,000 |
| 135 |
|
3,803,000,000 | 5,027,000,000 | 4,357,000,000 | 3,628,000,000 | 3,134,000,000 | 2,800,000,000 |
| 136 |
|
2,193,000,000 | 2,291,000,000 | 2,836,000,000 | 2,311,000,000 | 1,484,000,000 | 2,690,000,000 |
| 137 |
|
2,859,000,000 | 3,845,000,000 | 6,661,000,000 | 3,157,000,000 | 2,979,000,000 | 2,600,000,000 |
| 138 |
|
2,026,000,000 | 2,729,000,000 | 3,609,000,000 | 3,213,000,000 | 2,582,000,000 | 2,498,000,000 |
| 139 |
|
1,407,000,000 | 2,150,000,000 | 2,142,000,000 | 2,449,000,000 | 1,947,000,000 | 2,489,000,000 |
| 140 |
|
1,408,000,000 | 1,530,000,000 | 2,111,000,000 | 2,466,000,000 | 3,201,000,000 | 2,450,000,000 |
| 141 |
|
1,752,000,000 | 2,068,000,000 | 1,991,000,000 | 2,096,000,000 | 2,327,000,000 | 2,370,000,000 |
| 142 |
|
1,789,000,000 | 1,962,000,000 | 2,388,000,000 | 2,295,000,000 | 2,368,000,000 | 2,342,000,000 |
| 143 |
|
856,000,000 | 1,684,000,000 | 1,296,000,000 | 1,145,000,000 | 1,316,000,000 | 2,311,000,000 |
| 144 |
|
608,000,000 | 881,000,000 | 1,027,000,000 | 1,105,000,000 | 1,310,000,000 | 2,068,000,000 |
| 145 |
|
1,286,000,000 | 1,598,000,000 | 1,755,000,000 | 1,842,000,000 | 1,779,000,000 | 2,063,000,000 |
| 146 |
|
1,116,000,000 | 1,212,000,000 | 1,046,000,000 | 992,000,000 | 1,516,000,000 | 1,900,000,000 |
| 147 |
|
1,207,000,000 | 1,300,000,000 | 1,442,000,000 | 1,572,000,000 | 1,642,000,000 | 1,800,000,000 |
| 148 |
|
1,353,000,000 | 1,620,000,000 | 1,677,000,000 | 1,654,000,000 | 1,678,000,000 | 1,734,000,000 |
| 149 |
|
1,251,000,000 | 1,481,000,000 | 1,901,000,000 | 2,002,000,000 | 1,867,000,000 | 1,689,000,000 |
| 150 |
|
1,703,000,000 | 1,966,000,000 | 2,170,000,000 | 1,583,000,000 | 1,607,000,000 | 1,620,000,000 |
| 151 |
|
423,000,000 | 697,000,000 | 1,059,000,000 | 1,328,000,000 | 1,437,000,000 | 1,534,000,000 |
| 152 |
|
513,000,000 | 503,000,000 | 733,000,000 | 993,000,000 | 1,473,000,000 | 1,300,000,000 |
| 153 |
|
1,722,000,000 | 1,835,000,000 | 2,552,000,000 | 2,116,000,000 | 1,237,000,000 | 1,265,000,000 |
| 154 |
|
826,000,000 | 815,000,000 | 1,055,000,000 | 1,068,000,000 | 1,133,000,000 | 1,126,000,000 |
| 155 |
|
816,000,000 | 802,000,000 | 825,000,000 | 947,000,000 | 801,000,000 | 1,012,000,000 |
| 156 |
|
783,000,000 | 812,000,000 | 907,000,000 | 870,000,000 | 891,000,000 | 955,000,000 |
| 157 |
|
771,000,000 | 1,009,000,000 | 900,000,000 | 966,000,000 | 958,000,000 | 947,000,000 |
| 158 |
|
777,000,000 | 770,000,000 | 615,000,000 | 896,000,000 | 919,000,000 | 926,000,000 |
| 159 |
|
651,000,000 | 784,000,000 | 724,000,000 | 641,000,000 | 747,000,000 | 800,000,000 |
| 160 |
|
845,000,000 | 935,000,000 | 894,000,000 | 825,000,000 | 991,000,000 | 773,000,000 |
| 161 |
|
335,000,000 | 543,000,000 | 586,000,000 | 736,000,000 | 689,000,000 | 711,000,000 |
| 162 |
|
379,000,000 | 371,000,000 | 340,000,000 | 431,000,000 | 507,000,000 | 677,000,000 |
| 163 |
|
419,000,000 | 515,000,000 | 742,000,000 | 729,000,000 | 664,000,000 | 646,000,000 |
| 164 |
|
583,000,000 | 500,000,000 | 598,000,000 | 481,000,000 | 573,000,000 | 631,000,000 |
| 165 |
|
90,000,000 | 80,000,000 | 160,000,000 | 330,000,000 | 360,000,000 | 611,000,000 |
| 166 |
|
885,000,000 | 1,084,000,000 | 1,254,000,000 | 956,000,000 | 680,000,000 | 554,000,000 |
| 167 |
|
432,000,000 | 464,000,000 | 537,000,000 | 541,000,000 | 557,000,000 | 550,000,000 |
| 168 |
|
61,000,000 | 33,000,000 | 52,000,000 | 326,000,000 | 363,000,000 | 514,000,000 |
| 169 |
|
289,000,000 | 422,000,000 | 518,000,000 | 488,000,000 | 482,000,000 | 444,000,000 |
| 170 |
|
286,000,000 | 285,000,000 | 400,000,000 | 421,000,000 | 383,000,000 | 444,000,000 |
| 171 |
|
345,000,000 | 350,000,000 | 498,000,000 | 461,000,000 | 461,000,000 | 428,000,000 |
| 172 |
|
271,000,000 | 344,000,000 | 562,000,000 | 495,000,000 | 491,000,000 | 397,000,000 |
| 173 |
|
409,000,000 | 314,000,000 | 383,000,000 | 395,000,000 | 382,000,000 | 394,000,000 |
| 174 |
|
162,000,000 | 163,000,000 | 207,000,000 | 210,000,000 | 175,000,000 | 332,000,000 |
| 175 |
|
214,000,000 | 300,000,000 | 245,000,000 | 240,000,000 | 229,000,000 | 313,000,000 |
| 176 |
|
167,000,000 | 164,000,000 | 386,000,000 | 252,000,000 | 259,000,000 | 277,000,000 |
| 177 |
|
134,000,000 | 150,000,000 | 164,000,000 | 171,000,000 | 121,000,000 | 255,000,000 |
| 178 |
|
134,000,000 | 144,000,000 | 209,000,000 | 227,000,000 | 227,000,000 | 221,000,000 |
| 179 |
|
87,000,000 | 123,000,000 | 208,000,000 | 167,000,000 | 163,000,000 | 216,000,000 |
| 180 |
|
404,000,000 | 662,000,000 | 689,000,000 | 249,000,000 | 229,000,000 | 196,000,000 |
| 181 |
|
72,000,000 | 113,000,000 | 131,000,000 | 244,000,000 | 159,000,000 | 175,000,000 |
| 182 |
|
125,000,000 | 115,000,000 | 111,000,000 | 106,000,000 | 185,000,000 | 109,000,000 |
| 183 |
|
264,000,000 | 615,000,000 | 472,000,000 | 164,000,000 | 86,000,000 | 103,000,000 |
| 184 |
|
53,000,000 | 56,000,000 | 49,000,000 | 51,000,000 | 78,000,000 | 96,000,000 |
| 185 |
|
55,000,000 | 59,000,000 | 79,000,000 | 80,000,000 | 92,000,000 | 85,000,000 |
| 186 |
|
46,000,000 | 54,000,000 | 50,000,000 | 60,000,000 | 75,000,000 | 78,000,000 |
| 187 |
|
44,000,000 | 90,000,000 | 96,000,000 | 64,000,000 | 67,000,000 | 72,000,000 |
| 188 |
|
36,000,000 | 44,000,000 | 33,000,000 | 44,000,000 | 42,000,000 | 71,000,000 |
| 189 |
|
21,000,000 | 34,000,000 | 54,000,000 | 31,000,000 | 30,000,000 | 48,000,000 |
| 190 |
|
19,000,000 | 29,000,000 | 34,000,000 | 22,000,000 | 68,000,000 | 43,000,000 |
| 191 |
|
14,000,000 | 21,000,000 | 22,000,000 | 24,000,000 | 29,000,000 | 38,000,000 |
| 192 |
|
55,000,000 | 35,000,000 | 46,000,000 | 41,000,000 | 57,000,000 | 37,000,000 |
| 193 |
|
25,000,000 | 35,000,000 | 37,000,000 | 46,000,000 | 43,000,000 | 35,000,000 |
| 194 |
|
52,000,000 | 50,000,000 | 29,000,000 | 25,000,000 | 31,000,000 | 34,000,000 |
| 195 |
|
22,000,000 | 19,000,000 | 22,000,000 | 31,000,000 | 33,000,000 | 32,000,000 |
| 196 |
|
12,000,000 | 31,000,000 | 43,000,000 | 38,000,000 | 34,000,000 | 31,000,000 |
| 197 |
|
21,000,000 | 17,000,000 | 38,000,000 | 55,000,000 | 68,000,000 | 25,000,000 |
| 198 |
|
16,000,000 | 20,000,000 | 22,000,000 | 22,000,000 | 29,000,000 | 24,000,000 |
| 199 |
|
37,000,000 | 29,000,000 | 43,000,000 | 43,000,000 | 42,000,000 | 24,000,000 |
| 200 |
|
9,000,000 | 9,000,000 | 9,000,000 | 19,000,000 | 24,000,000 | 20,000,000 |
| 201 |
|
15,000,000 | 16,000,000 | 13,000,000 | 10,000,000 | 9,000,000 | 13,000,000 |
| 202 |
|
5,000,000 | 3,000,000 | 5,000,000 | 4,000,000 | 6,000,000 | 6,000,000 |
| 203 |
|
3,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 5,000,000 |
| 204 |
|
7,000,000 | 2,000,000 | 8,000,000 | 7,000,000 | 3,000,000 | 3,000,000 |
| 205 |
|
0 | 0 | 0 | 0 | 0 | 0 |
How to interpret merchandise export values
Merchandise export values are measured in current U.S. dollars, which means they are affected by three factors: the actual quantity of goods exported, the prices of those goods, and the exchange rate between the exporting country's currency and the U.S. dollar. A rise in export value could reflect higher volumes, higher prices, a favorable exchange rate shift, or a combination of all three.
A high export value should not be automatically interpreted as a sign of economic success. Large countries tend to export more than small ones, regardless of how well their economies perform. Export totals also say nothing about whether a country runs a trade surplus or deficit — a country can have high exports and even higher imports, resulting in a trade deficit. They do not show how much domestic value is embedded in exported goods, which matters for understanding the actual economic benefit of trade. A country that assembles imported components for re-export may report high export values but capture relatively little of the value domestically.
The data is most useful for understanding the scale and distribution of goods trade across countries and for tracking changes in export values over time within individual countries. It provides a clear picture of which economies are most integrated into global goods trade and how that integration is evolving.
Data Notes
The data is sourced from the World Bank, with the underlying indicator sourced from the World Trade Organization (WTO). The indicator is merchandise exports measured in current U.S. dollars. The dataset covers 205 countries and territories for the period 2020 to 2025. For the main country ranking, the latest available year (2025) is used for all countries that reported data. Values are expressed in nominal U.S. dollars and are not adjusted for inflation. Missing values are not treated as zero; they indicate that no data was reported for that country in that year.
Frequently Asked Questions
What are merchandise exports?
Merchandise exports are physical goods — such as machinery, vehicles, electronics, chemicals, food, fuel, and raw materials — that are sold by a country to buyers in other countries. They are a core component of international trade.
Which country exports the most goods?
China is the world's largest merchandise exporter, with $3.77 trillion in goods exports in 2025. The United States ranks second at $2.19 trillion, followed by Germany at $1.76 trillion.
What is the difference between merchandise exports and total exports?
Total exports include both goods (merchandise) and services such as tourism, financial services, transportation, and software. Merchandise exports cover only physical goods. For many economies, services exports make up a significant share of total exports, but the two categories are reported separately.
Are services included in merchandise exports?
No. Services such as tourism, banking, insurance, consulting, and digital services are excluded from merchandise export figures. They are reported under a separate category known as commercial services exports.
Why are some countries much larger exporters than others?
Export size is strongly correlated with economic size, population, industrial capacity, natural resource endowments, and geographic location. Large manufacturing economies such as China, Germany, and South Korea export high volumes of goods because they have the infrastructure, labor force, and supply chains to produce competitively for global markets. Small island states, by contrast, have limited capacity for large-scale goods production.
Does a high export value mean a country has a trade surplus?
No. A trade surplus occurs when exports exceed imports. A country with very high exports can still run a trade deficit if its imports are even higher. The United States, for example, is the world's second-largest exporter but has run a merchandise trade deficit for decades because it imports more than it exports.
Why are merchandise exports measured in current U.S. dollars?
Using a common currency allows for consistent cross-country comparison. Reporting in current dollars means the values reflect the prices and exchange rates of each specific year, rather than being adjusted for inflation or purchasing power differences.
How can merchandise exports change from year to year?
Export values can change due to shifts in global demand, changes in commodity prices, currency exchange rate movements, trade policy changes, supply chain disruptions, economic growth or recession, and domestic factors such as production capacity and political stability. Because the data is in current dollars, inflation and dollar strength also affect the reported figures.
Data Disclaimer: Projected data (future years) are estimates based on mathematical models. Actual values may differ. Learn about our methodology →
Sources
-
Updated: 29.07.2026https://data.worldbank.org/indicator/TX.VAL.MRCH.CD.WT
Please log in to leave a comment.
Log in
(0) Comments