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.

Merchandise Exports by Country Map

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

#
Country
2025
1
China
China CN
3,771,842,000,000
2
United States
United States US
2,185,220,000,000
3
Germany
Germany DE
1,764,188,000,000
4
Netherlands
Netherlands NL
989,237,000,000
5
Hong Kong
Hong Kong HK
753,582,000,000
6
Japan
Japan JP
738,337,000,000
7
Italy
Italy IT
726,499,000,000
8
South Korea
South Korea KR
709,330,000,000
9
United Arab Emirates
United Arab Emirates AE
706,671,000,000
10
France
France FR
683,095,000,000
11
Mexico
Mexico MX
664,837,000,000
12
Belgium
Belgium BE
568,105,000,000
13
Singapore
Singapore SG
566,872,000,000
14
United Kingdom
United Kingdom GB
555,829,000,000
15
Canada
Canada CA
554,676,000,000
16
Switzerland
Switzerland CH
554,160,000,000
17
Vietnam
Vietnam VN
472,929,000,000
18
India
India IN
445,278,000,000
19
Spain
Spain ES
445,106,000,000
20
Russia
Russia RU
419,398,000,000
21
Poland
Poland PL
413,895,000,000
22
Malaysia
Malaysia MY
376,041,000,000
23
Brazil
Brazil BR
348,278,000,000
24
Thailand
Thailand TH
339,635,000,000
25
Australia
Australia AU
337,582,000,000
26
Saudi Arabia
Saudi Arabia SA
310,672,000,000
27
Ireland
Ireland IE
293,418,000,000
28
Czech Republic
Czech Republic CZ
283,617,000,000
29
Indonesia
Indonesia ID
282,909,000,000
30
Türkiye
Türkiye TR
273,361,000,000
31
Austria
Austria AT
222,029,000,000
32
Sweden
Sweden SE
208,332,000,000
33
Norway
Norway NO
170,567,000,000
34
Hungary
Hungary HU
168,841,000,000
35
Denmark
Denmark DK
148,379,000,000
36
Slovakia
Slovakia SK
125,443,000,000
37
South Africa
South Africa ZA
116,399,000,000
38
Iran
Iran IR
113,225,000,000
39
Romania
Romania RO
109,134,000,000
40
Chile
Chile CL
107,005,000,000
41
Slovenia
Slovenia SI
96,596,000,000
42
Iraq
Iraq IQ
92,912,000,000
43
Portugal
Portugal PT
89,417,000,000
44
Qatar
Qatar QA
88,771,000,000
45
Argentina
Argentina AR
87,111,000,000
46
Finland
Finland FI
84,045,000,000
47
Philippines
Philippines PH
83,723,000,000
48
Peru
Peru PE
82,692,000,000
49
Kazakhstan
Kazakhstan KZ
78,793,000,000
50
Kuwait
Kuwait KW
72,073,000,000
51
Israel
Israel IL
59,010,000,000
52
Nigeria
Nigeria NG
55,468,000,000
53
Oman
Oman OM
55,276,000,000
54
Greece
Greece GR
54,767,000,000
55
Egypt
Egypt EG
51,403,000,000
56
Colombia
Colombia CO
50,086,000,000
57
Morocco
Morocco MA
49,777,000,000
58
Bulgaria
Bulgaria BG
48,318,000,000
59
Bangladesh
Bangladesh BD
48,167,000,000
60
New Zealand
New Zealand NZ
46,699,000,000
61
Algeria
Algeria DZ
45,400,000,000
62
Lithuania
Lithuania LT
41,626,000,000
63
Belarus
Belarus BY
41,395,000,000
64
Ukraine
Ukraine UA
40,368,000,000
65
Serbia
Serbia RS
37,314,000,000
66
Ecuador
Ecuador EC
37,152,000,000
67
Angola
Angola AO
32,492,000,000
68
DR Congo
DR Congo CD
32,100,000,000
69
Cambodia
Cambodia KH
31,274,000,000
70
Ghana
Ghana GH
31,107,000,000
71
Pakistan
Pakistan PK
30,545,000,000
72
Libya
Libya LY
30,085,000,000
73
Ivory Coast
Ivory Coast CI
28,471,000,000
74
Croatia
Croatia HR
28,386,000,000
75
Bahrain
Bahrain BH
26,456,000,000
76
Costa Rica
Costa Rica CR
26,431,000,000
77
Azerbaijan
Azerbaijan AZ
25,043,000,000
78
Uzbekistan
Uzbekistan UZ
23,654,000,000
79
Latvia
Latvia LV
22,122,000,000
80
Tunisia
Tunisia TN
21,293,000,000
81
Estonia
Estonia EE
20,980,000,000
82
Guyana
Guyana GY
18,693,000,000
83
Luxembourg
Luxembourg LU
18,390,000,000
84
Mongolia
Mongolia MN
15,761,000,000
85
Dominican Republic
Dominican Republic DO
15,579,000,000
86
Turkmenistan
Turkmenistan TM
15,561,000,000
87
Guatemala
Guatemala GT
15,558,000,000
88
Papua New Guinea
Papua New Guinea PG
15,541,000,000
89
Myanmar
Myanmar MM
15,298,000,000
90
Guinea
Guinea GN
15,104,000,000
91
Jordan
Jordan JO
14,913,000,000
92
Sri Lanka
Sri Lanka LK
13,581,000,000
93
Zambia
Zambia ZM
13,314,000,000
94
Uganda
Uganda UG
12,500,000,000
95
Laos
Laos LA
12,377,000,000
96
Honduras
Honduras HN
12,004,000,000
97
Panama
Panama PA
11,903,000,000
98
Gabon
Gabon GA
11,600,000,000
99
Uruguay
Uruguay UY
11,230,000,000
100
Paraguay
Paraguay PY
11,082,000,000
101
Burkina Faso
Burkina Faso BF
11,076,000,000
102
Brunei
Brunei BN
10,498,000,000
103
Senegal
Senegal SN
10,243,000,000
104
Tanzania
Tanzania TZ
9,956,000,000
105
Bosnia and Herzegovina
Bosnia and Herzegovina BA
9,813,000,000
106
Zimbabwe
Zimbabwe ZW
9,707,000,000
107
Bolivia
Bolivia BO
9,701,000,000
108
North Macedonia
North Macedonia MK
9,056,000,000
109
Nicaragua
Nicaragua NI
8,893,000,000
110
Kenya
Kenya KE
8,601,000,000
111
Venezuela
Venezuela VE
8,600,000,000
112
Armenia
Armenia AM
8,395,000,000
113
Mozambique
Mozambique MZ
8,100,000,000
114
Ethiopia
Ethiopia ET
7,585,000,000
115
Congo
Congo CG
7,500,000,000
116
Georgia
Georgia GE
7,291,000,000
117
Iceland
Iceland IS
7,167,000,000
118
Namibia
Namibia NA
7,024,000,000
119
Trinidad and Tobago
Trinidad and Tobago TT
6,816,000,000
120
El Salvador
El Salvador SV
6,429,000,000
121
Cyprus
Cyprus CY
6,186,000,000
122
Djibouti
Djibouti DJ
6,090,000,000
123
Botswana
Botswana BW
5,119,000,000
124
Cameroon
Cameroon CM
5,100,000,000
125
Mali
Mali ML
4,855,000,000
126
Lebanon
Lebanon LB
4,598,000,000
127
Mauritania
Mauritania MR
4,510,000,000
128
Albania
Albania AL
4,347,000,000
129
Chad
Chad TD
4,000,000,000
130
Benin
Benin BJ
3,988,000,000
131
Malta
Malta MT
3,819,000,000
132
Moldova
Moldova MD
3,783,000,000
133
Syria
Syria SY
3,385,000,000
134
Kyrgyzstan
Kyrgyzstan KG
2,852,000,000
135
Sudan
Sudan SD
2,800,000,000
136
Suriname
Suriname SR
2,690,000,000
137
Equatorial Guinea
Equatorial Guinea GQ
2,600,000,000
138
Madagascar
Madagascar MG
2,498,000,000
139
Tajikistan
Tajikistan TJ
2,489,000,000
140
Rwanda
Rwanda RW
2,450,000,000
141
Eswatini
Eswatini SZ
2,370,000,000
142
Mauritius
Mauritius MU
2,342,000,000
143
Nepal
Nepal NP
2,311,000,000
144
Liberia
Liberia LR
2,068,000,000
145
Faroe Islands
Faroe Islands FO
2,063,000,000
146
Niger
Niger NE
1,900,000,000
147
Togo
Togo TG
1,800,000,000
148
Macau
Macau MO
1,734,000,000
149
Jamaica
Jamaica JM
1,689,000,000
150
Cuba
Cuba CU
1,620,000,000
151
Sierra Leone
Sierra Leone SL
1,534,000,000
152
Somalia
Somalia SO
1,300,000,000
153
New Caledonia
New Caledonia NC
1,265,000,000
154
Fiji
Fiji FJ
1,126,000,000
155
Greenland
Greenland GL
1,012,000,000
156
South Sudan
South Sudan SS
955,000,000
157
Malawi
Malawi MW
947,000,000
158
Afghanistan
Afghanistan AF
926,000,000
159
Bhutan
Bhutan BT
800,000,000
160
Lesotho
Lesotho LS
773,000,000
161
Bahamas
Bahamas BS
711,000,000
162
Solomon Islands
Solomon Islands SB
677,000,000
163
Montenegro
Montenegro ME
646,000,000
164
Eritrea
Eritrea ER
631,000,000
165
North Korea
North Korea KP
611,000,000
166
Haiti
Haiti HT
554,000,000
167
Seychelles
Seychelles SC
550,000,000
168
Gambia
Gambia GM
514,000,000
169
Belize
Belize BZ
444,000,000
170
Maldives
Maldives MV
444,000,000
171
Barbados
Barbados BB
428,000,000
172
Curaçao
Curaçao CW
397,000,000
173
American Samoa
American Samoa AS
394,000,000
174
Burundi
Burundi BI
332,000,000
175
Guinea-Bissau
Guinea-Bissau GW
313,000,000
176
Andorra
Andorra AD
277,000,000
177
Central African Republic
Central African Republic CF
255,000,000
178
Sint Maarten
Sint Maarten SX
221,000,000
179
Aruba
Aruba AW
216,000,000
180
Yemen
Yemen YE
196,000,000
181
French Polynesia
French Polynesia PF
175,000,000
182
Micronesia
Micronesia FM
109,000,000
183
Timor-Leste
Timor-Leste TL
103,000,000
184
Cape Verde
Cape Verde CV
96,000,000
185
Saint Lucia
Saint Lucia LC
85,000,000
186
Vanuatu
Vanuatu VU
78,000,000
187
Marshall Islands
Marshall Islands MH
72,000,000
188
Guam
Guam GU
71,000,000
189
Comoros
Comoros KM
48,000,000
190
Bermuda
Bermuda BM
43,000,000
191
Sao Tome and Principe
Sao Tome and Principe ST
38,000,000
192
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines VC
37,000,000
193
Grenada
Grenada GD
35,000,000
194
Saint Kitts and Nevis
Saint Kitts and Nevis KN
34,000,000
195
Antigua and Barbuda
Antigua and Barbuda AG
32,000,000
196
Nauru
Nauru NR
31,000,000
197
Cayman Islands
Cayman Islands KY
25,000,000
198
Dominica
Dominica DM
24,000,000
199
Samoa
Samoa WS
24,000,000
200
Kiribati
Kiribati KI
20,000,000
201
Tonga
Tonga TO
13,000,000
202
Northern Mariana Islands
Northern Mariana Islands MP
6,000,000
203
Turks and Caicos Islands
Turks and Caicos Islands TC
5,000,000
204
Palau
Palau PW
3,000,000
205
Tuvalu
Tuvalu TV
0

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
China
China
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
United States
United States
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
Germany
Germany
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
Netherlands
Netherlands
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
Hong Kong
Hong Kong
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
Japan
Japan
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
Italy
Italy
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
South Korea
South Korea
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
United Arab Emirates
United Arab Emirates
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
France
France
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
Mexico
Mexico
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
Belgium
Belgium
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
Singapore
Singapore
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
United Kingdom
United Kingdom
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
Canada
Canada
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
Switzerland
Switzerland
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
Vietnam
Vietnam
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
India
India
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
Spain
Spain
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
Russia
Russia
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
Poland
Poland
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
Malaysia
Malaysia
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
Brazil
Brazil
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
Thailand
Thailand
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
Australia
Australia
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
Saudi Arabia
Saudi Arabia
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
Ireland
Ireland
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
Czech Republic
Czech Republic
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
Indonesia
Indonesia
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
Türkiye
Türkiye
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
Austria
Austria
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
Sweden
Sweden
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
Norway
Norway
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
Hungary
Hungary
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
Denmark
Denmark
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
Slovakia
Slovakia
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
South Africa
South Africa
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
Iran
Iran
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
Romania
Romania
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
Chile
Chile
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
Slovenia
Slovenia
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
Iraq
Iraq
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
Portugal
Portugal
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
Qatar
Qatar
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
Argentina
Argentina
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
Finland
Finland
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
Philippines
Philippines
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
Peru
Peru
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
Kazakhstan
Kazakhstan
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
Kuwait
Kuwait
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
Israel
Israel
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
Nigeria
Nigeria
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
Oman
Oman
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
Greece
Greece
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
Egypt
Egypt
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
Colombia
Colombia
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
Morocco
Morocco
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
Bulgaria
Bulgaria
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
Bangladesh
Bangladesh
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
New Zealand
New Zealand
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
Algeria
Algeria
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
Lithuania
Lithuania
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
Belarus
Belarus
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
Ukraine
Ukraine
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
Serbia
Serbia
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
Ecuador
Ecuador
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
Angola
Angola
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
DR Congo
DR Congo
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
Cambodia
Cambodia
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
Ghana
Ghana
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
Pakistan
Pakistan
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
Libya
Libya
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
Ivory Coast
Ivory Coast
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
Croatia
Croatia
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
Bahrain
Bahrain
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
Costa Rica
Costa Rica
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
Azerbaijan
Azerbaijan
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
Uzbekistan
Uzbekistan
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
Latvia
Latvia
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
Tunisia
Tunisia
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
Estonia
Estonia
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
Guyana
Guyana
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
Luxembourg
Luxembourg
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
Mongolia
Mongolia
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
Dominican Republic
Dominican Republic
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
Turkmenistan
Turkmenistan
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
Guatemala
Guatemala
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
Papua New Guinea
Papua New Guinea
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
Myanmar
Myanmar
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
Guinea
Guinea
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
Jordan
Jordan
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
Sri Lanka
Sri Lanka
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
Zambia
Zambia
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
Uganda
Uganda
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
Laos
Laos
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
Honduras
Honduras
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
Panama
Panama
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
Gabon
Gabon
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
Uruguay
Uruguay
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
Paraguay
Paraguay
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
Burkina Faso
Burkina Faso
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
Brunei
Brunei
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
Senegal
Senegal
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
Tanzania
Tanzania
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
Bosnia and Herzegovina
Bosnia and Herzegovina
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
Zimbabwe
Zimbabwe
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
Bolivia
Bolivia
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
North Macedonia
North Macedonia
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
Nicaragua
Nicaragua
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
Kenya
Kenya
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
Venezuela
Venezuela
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
Armenia
Armenia
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
Mozambique
Mozambique
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
Ethiopia
Ethiopia
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
Congo
Congo
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
Georgia
Georgia
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
Iceland
Iceland
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
Namibia
Namibia
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
Trinidad and Tobago
Trinidad and Tobago
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
El Salvador
El Salvador
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
Cyprus
Cyprus
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
Djibouti
Djibouti
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
Botswana
Botswana
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
Cameroon
Cameroon
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
Mali
Mali
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
Lebanon
Lebanon
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
Mauritania
Mauritania
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
Albania
Albania
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
Chad
Chad
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
Benin
Benin
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
Malta
Malta
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
Moldova
Moldova
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
Syria
Syria
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
Kyrgyzstan
Kyrgyzstan
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
Sudan
Sudan
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
Suriname
Suriname
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
Equatorial Guinea
Equatorial Guinea
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
Madagascar
Madagascar
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
Tajikistan
Tajikistan
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
Rwanda
Rwanda
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
Eswatini
Eswatini
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
Mauritius
Mauritius
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
Nepal
Nepal
856,000,000 1,684,000,000 1,296,000,000 1,145,000,000 1,316,000,000 2,311,000,000
144
Liberia
Liberia
608,000,000 881,000,000 1,027,000,000 1,105,000,000 1,310,000,000 2,068,000,000
145
Faroe Islands
Faroe Islands
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
Niger
Niger
1,116,000,000 1,212,000,000 1,046,000,000 992,000,000 1,516,000,000 1,900,000,000
147
Togo
Togo
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
Macau
Macau
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
Jamaica
Jamaica
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
Cuba
Cuba
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
Sierra Leone
Sierra Leone
423,000,000 697,000,000 1,059,000,000 1,328,000,000 1,437,000,000 1,534,000,000
152
Somalia
Somalia
513,000,000 503,000,000 733,000,000 993,000,000 1,473,000,000 1,300,000,000
153
New Caledonia
New Caledonia
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
Fiji
Fiji
826,000,000 815,000,000 1,055,000,000 1,068,000,000 1,133,000,000 1,126,000,000
155
Greenland
Greenland
816,000,000 802,000,000 825,000,000 947,000,000 801,000,000 1,012,000,000
156
South Sudan
South Sudan
783,000,000 812,000,000 907,000,000 870,000,000 891,000,000 955,000,000
157
Malawi
Malawi
771,000,000 1,009,000,000 900,000,000 966,000,000 958,000,000 947,000,000
158
Afghanistan
Afghanistan
777,000,000 770,000,000 615,000,000 896,000,000 919,000,000 926,000,000
159
Bhutan
Bhutan
651,000,000 784,000,000 724,000,000 641,000,000 747,000,000 800,000,000
160
Lesotho
Lesotho
845,000,000 935,000,000 894,000,000 825,000,000 991,000,000 773,000,000
161
Bahamas
Bahamas
335,000,000 543,000,000 586,000,000 736,000,000 689,000,000 711,000,000
162
Solomon Islands
Solomon Islands
379,000,000 371,000,000 340,000,000 431,000,000 507,000,000 677,000,000
163
Montenegro
Montenegro
419,000,000 515,000,000 742,000,000 729,000,000 664,000,000 646,000,000
164
Eritrea
Eritrea
583,000,000 500,000,000 598,000,000 481,000,000 573,000,000 631,000,000
165
North Korea
North Korea
90,000,000 80,000,000 160,000,000 330,000,000 360,000,000 611,000,000
166
Haiti
Haiti
885,000,000 1,084,000,000 1,254,000,000 956,000,000 680,000,000 554,000,000
167
Seychelles
Seychelles
432,000,000 464,000,000 537,000,000 541,000,000 557,000,000 550,000,000
168
Gambia
Gambia
61,000,000 33,000,000 52,000,000 326,000,000 363,000,000 514,000,000
169
Belize
Belize
289,000,000 422,000,000 518,000,000 488,000,000 482,000,000 444,000,000
170
Maldives
Maldives
286,000,000 285,000,000 400,000,000 421,000,000 383,000,000 444,000,000
171
Barbados
Barbados
345,000,000 350,000,000 498,000,000 461,000,000 461,000,000 428,000,000
172
Curaçao
Curaçao
271,000,000 344,000,000 562,000,000 495,000,000 491,000,000 397,000,000
173
American Samoa
American Samoa
409,000,000 314,000,000 383,000,000 395,000,000 382,000,000 394,000,000
174
Burundi
Burundi
162,000,000 163,000,000 207,000,000 210,000,000 175,000,000 332,000,000
175
Guinea-Bissau
Guinea-Bissau
214,000,000 300,000,000 245,000,000 240,000,000 229,000,000 313,000,000
176
Andorra
Andorra
167,000,000 164,000,000 386,000,000 252,000,000 259,000,000 277,000,000
177
Central African Republic
Central African Republic
134,000,000 150,000,000 164,000,000 171,000,000 121,000,000 255,000,000
178
Sint Maarten
Sint Maarten
134,000,000 144,000,000 209,000,000 227,000,000 227,000,000 221,000,000
179
Aruba
Aruba
87,000,000 123,000,000 208,000,000 167,000,000 163,000,000 216,000,000
180
Yemen
Yemen
404,000,000 662,000,000 689,000,000 249,000,000 229,000,000 196,000,000
181
French Polynesia
French Polynesia
72,000,000 113,000,000 131,000,000 244,000,000 159,000,000 175,000,000
182
Micronesia
Micronesia
125,000,000 115,000,000 111,000,000 106,000,000 185,000,000 109,000,000
183
Timor-Leste
Timor-Leste
264,000,000 615,000,000 472,000,000 164,000,000 86,000,000 103,000,000
184
Cape Verde
Cape Verde
53,000,000 56,000,000 49,000,000 51,000,000 78,000,000 96,000,000
185
Saint Lucia
Saint Lucia
55,000,000 59,000,000 79,000,000 80,000,000 92,000,000 85,000,000
186
Vanuatu
Vanuatu
46,000,000 54,000,000 50,000,000 60,000,000 75,000,000 78,000,000
187
Marshall Islands
Marshall Islands
44,000,000 90,000,000 96,000,000 64,000,000 67,000,000 72,000,000
188
Guam
Guam
36,000,000 44,000,000 33,000,000 44,000,000 42,000,000 71,000,000
189
Comoros
Comoros
21,000,000 34,000,000 54,000,000 31,000,000 30,000,000 48,000,000
190
Bermuda
Bermuda
19,000,000 29,000,000 34,000,000 22,000,000 68,000,000 43,000,000
191
Sao Tome and Principe
Sao Tome and Principe
14,000,000 21,000,000 22,000,000 24,000,000 29,000,000 38,000,000
192
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines
55,000,000 35,000,000 46,000,000 41,000,000 57,000,000 37,000,000
193
Grenada
Grenada
25,000,000 35,000,000 37,000,000 46,000,000 43,000,000 35,000,000
194
Saint Kitts and Nevis
Saint Kitts and Nevis
52,000,000 50,000,000 29,000,000 25,000,000 31,000,000 34,000,000
195
Antigua and Barbuda
Antigua and Barbuda
22,000,000 19,000,000 22,000,000 31,000,000 33,000,000 32,000,000
196
Nauru
Nauru
12,000,000 31,000,000 43,000,000 38,000,000 34,000,000 31,000,000
197
Cayman Islands
Cayman Islands
21,000,000 17,000,000 38,000,000 55,000,000 68,000,000 25,000,000
198
Dominica
Dominica
16,000,000 20,000,000 22,000,000 22,000,000 29,000,000 24,000,000
199
Samoa
Samoa
37,000,000 29,000,000 43,000,000 43,000,000 42,000,000 24,000,000
200
Kiribati
Kiribati
9,000,000 9,000,000 9,000,000 19,000,000 24,000,000 20,000,000
201
Tonga
Tonga
15,000,000 16,000,000 13,000,000 10,000,000 9,000,000 13,000,000
202
Northern Mariana Islands
Northern Mariana Islands
5,000,000 3,000,000 5,000,000 4,000,000 6,000,000 6,000,000
203
Turks and Caicos Islands
Turks and Caicos Islands
3,000,000 4,000,000 5,000,000 4,000,000 5,000,000 5,000,000
204
Palau
Palau
7,000,000 2,000,000 8,000,000 7,000,000 3,000,000 3,000,000
205
Tuvalu
Tuvalu
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

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