Exporter Rank

20 / 138

Importer Rank

24 / 138

Trade Balance Rank

5 / 138

Total Trade [1]

Total Exports (2021) $342,036,103,269
Total Imports (2021) $261,586,379,464
Trade Balance (2021) $80,449,723,805
Exports of goods and services (% of GDP) (2022) [2] 25.81%
Imports of goods and services (% of GDP) (2022) [2] 19.94%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $116,817,969,911
Japan $30,319,468,420
South Korea $22,592,869,528
India $13,624,042,604
United States $11,021,954,790
New Zealand $8,194,246,263
Vietnam $7,009,166,631
Indonesia $6,996,478,730
Singapore $6,565,158,904
Hong Kong $4,583,958,321

Import Partners

Top 10 Import Countries

Country Import USD$
China $72,858,757,972
United States $26,614,563,291
Japan $15,778,718,863
Thailand $11,570,044,994
Germany $11,185,263,352
Malaysia $10,307,551,639
Singapore $9,783,215,871
South Korea $9,475,156,669
India $6,369,245,559
Italy $5,885,524,226

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(26) Ores $130,894,256,672
(27) Oil & Mineral Fuels $94,764,870,541
(71) Precious Stones & Metals $18,667,497,061
(02) Meat $11,077,732,238
(10) Cereals $9,825,745,281
(99) Items nesoi $8,347,641,568
(28) Inorganic Chemicals $6,348,872,299
(84) Industrial Machinery $4,616,247,693
(76) Aluminum $4,305,304,801
(74) Copper $3,815,109,338

Top 10 Import Goods

HS Code Import USD$
(84) Industrial Machinery $38,623,410,587
(87) Motor Vehicles & Parts $34,484,203,055
(85) Electrical Machinery $28,226,849,244
(27) Oil & Mineral Fuels $26,858,481,946
(30) Pharmaceuticals $11,029,114,428
(90) Precision Instruments $9,624,219,852
(39) Plastics $8,026,745,200
(71) Precious Stones & Metals $7,625,703,482
(94) Furniture $6,362,584,160
(73) Iron & Steel Articles $6,223,394,095

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
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