World's Top Export Products - A list of Maximum Exported Goods (2024)

11 August 2017

As per the trade data, global export sales recorded USD15862 billion in 2016. What is the most exported product in the world? MotorCar is still the world’s top export well ahead of crude oil. Motor cars arevital for physical transportation regardless for the people live in a crowdedcity. Oil remains an essential ingredient for transporting both people and cargoaround the world. Electronic equipment, telephone sets and petroleum oil arealso export sales leaders in the world. Let’s take a look at the list of highdemands products for export across the world.

1.Motor Cars

2.Crude Oil

3.Electronic Integrated Circuits (ElectronicEquipment)

4.Telephone Devices including Smart Phones

5.Petroleum Oil

6.Automobile Accessories

7.Gold (Unwrought)

8.Medicaments mixes in dosage

9.Automatic Data Processing Machines

10.Petroleum Gas

In this article, we are providing the latest statistics aroundthe world’s top exports to identify the products leading international sales aswell as the most successful exporting countries.

Motor Cars

Motor cars export sales worth USD 698 billion during theyear 2016. Germany is top in the list of motor cars exporting countries acrossthe world which recorded export value of USD 151 billion during the same period.It is followed by Japan, United States of America and Canada. Motor car is mostexported product in the world. It comes under HS code 8703 which defines motorcars and other motor vehicles principally designed for the transport of personsincluding station wagons and racing cars.

Crude Oil

World’s export sales of crude oil recorded USD 679 billionin 2016. Saudi Arabia is the largest crude oil exporter country followed byRussia, Iraq, United Arab Emirates and Canada. Saudi Arabia did crude oilexport business of USD 136 billion during the year 2016. Crude Oil is one ofthe most exported products around the globe. It is obtained from bituminousminerals. It is a mixture of many different hydrocarbons. The crude oil must befractionally distilled so that chemical can be removed once according to theirboiling points. Read More about Crude Oil Trading Countries in World.

Electronic IntegratedCircuits

Electronic Integrated Circuits also called electronicequipment involves the controlled conduction of electrons and it is used tocreate signals and capture responses from electronic devices. As per the Electrical Machinery Trade Data, thevalue of USD 532 billion generated from the electronic equipment export salesduring the year 2016. Hong Kong stood as largest exporting country ofelectronic integrated circuits and recorded value of USD 99 billion in 2016.Taipei, Singapore, China and Korea are the next top electronic equipmentexporting countries in the world.

Telephone Sets

Telephones for cellular networks or for other wirelessnetworks like mobile phones which come under HS code 8517. Mobile phones arethe most commonly used item by the majority of population across the world andbecome one of the needed items in daily life. World’s total export sales oftelephone devices recorded USD 521 billion during the year 2016. China stood aslargest mobile exporter country in the world which did export sales worth USD201 billion in 2016. China is followed by Hong Kong, Vietnam and United Statesof America.

Petroleum Oil

Petroleum oil is a fossil fuel and non-renewable source ofenergy. Due to its energy density, easy transportability and relativeabundance, it has been the world’s leading source of energy. In this categorywhich comes under HS code 2710 included petroleum oil and oils obtained frombituminous minerals excluding crude oil. United States of America is thelargest in petroleum oil exporting countries around the globe. USA didpetroleum oil exports of USD 64 billion during the year 2016, which is followedby Russia (USD 45 billion) and Netherlands (USD 37 billion).

AutomobileAccessories

The global export sales of automobile accessories recordedUSD 360 billion in the year 2016. It comes under HS code 8708 which includes Partsand accessories for tractors, motor vehicles for the transport of ten or morepersons, motor cars and other motor vehicles principally designed for thetransport of persons. In the list of automobile parts exporting countries, Germanytop the market followed by United States of America, Japan and China. Germanyexport sales worth USD 56 billion during the year 2016.

Gold

The world’s gold exports in 2016 amounted to USD 327billion. Gold comes under 7108 which includes unwrought gold with platinum. Goldexports in the market represent a better economy of any country. It is one ofthe most costly products in the world. Due to the softness of pure gold, it isusuallyalloyedwithbase metals for use in jewellery, altering its hardness and ductility, meltingpoint, colour and other properties. Switzerland is the richest country whichdid highest exports with the value of USD 82 billion in 2016. Hong Kong, UnitedArab Emirates, United States of America are next in the list of gold exportingcountries across the world. Read MoreGold Import Export

Medicaments

Medicaments are used to diagnose, cure, treat or preventdisease. It comes under pharmaceutical products and consisting of mixed/unmixedproducts for therapeutic or prophylactic uses. In 2016, the total sales of USD319 billion recorded from medicaments exports. Germany is top exporter countryfollowed by Switzerland, Belgium and France. Germany and Switzerland compete each other neck-to-neck in global trade ofmedicaments. Germany registered USD 48 billion from medicament exportswhile it is USD 39 billion for Switzerland. Read About Pharmaceuticals Global Trade

Automatic DataProcessing Machines

During the year 2016, the global export sales of automaticdata processing machines amounted to USD 304 billion. The automatic dataprocessing machines export data shows that machines weighting 10 kg or morewere exported the most in the said year. China is the largest exporter countryof automatic data processing machines which did export sales of USD 125 billionand represented nearly 40% global exports of this product. It is followed byUSA, Mexico and Netherlands and they also compete each neck to neck in exportsales. Read More Automatic DataProcessing Machines

Petroleum Gas

Petroleum gas is a gas converted from crude oil. It is usedto create solid fuel and also valuable to waste. The world’s export sales ofpetroleum gas and other gaseous hydrocarbons recorded USD 177 billion during2016. It is one of the most exported products of petroleum category afterpetroleum oil. Qatar, Norway and Australia are the top exporting countries ofpetroleum gas in the world.

Top ExportingCountries in the World

China stood as largest exporter country in the world. USA,Germany and Japan are other top exporting countries including all products. Hereis the table of top 10 countries that earned the highest dollar amounts inexport sales for 2016.

*Above stats are based on 2016 report

We have mentioned above the most exported itemsin world with their export value and the top exporting countries. Are you abuyer or supplier of any product? It is important to know the exporters orimporters names in different countries. Subscribe our import export report toget the list of buyers and suppliers across the world. You will also know atwhat rates they are importing or exporting.

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