{"id":17046,"date":"2013-05-06T13:04:25","date_gmt":"2013-05-06T07:34:25","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=17046"},"modified":"2024-04-12T14:14:57","modified_gmt":"2024-04-12T08:44:57","slug":"top-trading-nations-2010-estimates-2","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/top-trading-nations-2010-estimates-2\/","title":{"rendered":"Top trading nations (2010 estimates)"},"content":{"rendered":"\n
\"\"<\/a><\/figure><\/div>\n\n\n\n

Go back to Tutorial<\/a><\/p>\n\n\n

Top trading nations (2010 estimates)<\/strong><\/h3>\n

Let’s learn about Top trading nations (2010 estimates). Following is the list for top trading nations<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/b><\/td>\nCountry<\/b><\/td>\nExports + Imports (in US dollars)<\/b><\/td>\n<\/tr>\n
1<\/td>\nEuropean Union<\/td>\n3.764 trillion<\/td>\n<\/tr>\n
2<\/td>\nUSA<\/td>\n3.173 trillion<\/td>\n<\/tr>\n
3<\/td>\nPeople\u2019s Republic of China<\/td>\n2.813 trillion<\/td>\n<\/tr>\n
4<\/td>\nGermany<\/td>\n2.457 trillion<\/td>\n<\/tr>\n
5<\/td>\nJapan<\/td>\n1.402 trillion<\/td>\n<\/tr>\n
6<\/td>\nFrance<\/td>\n1.086 trillion<\/td>\n<\/tr>\n
7<\/td>\nUnited Kingdom<\/td>\n952 billion<\/td>\n<\/tr>\n
8<\/td>\nItaly<\/td>\n918 billion<\/td>\n<\/tr>\n
9<\/td>\nSouth Korea<\/td>\n884 billion<\/td>\n<\/tr>\n
10<\/td>\nNetherlands<\/td>\n860 billion<\/td>\n<\/tr>\n
11<\/td>\nCanada<\/td>\n813 billion<\/td>\n<\/tr>\n
12<\/td>\nHong Kong<\/td>\n796 billion<\/td>\n<\/tr>\n
13<\/td>\nSingapore<\/td>\n667 billion<\/td>\n<\/tr>\n
14<\/td>\nRussia<\/td>\n614 billion<\/td>\n<\/tr>\n
15<\/td>\nMexico<\/td>\n609 billion<\/td>\n<\/tr>\n
16<\/td>\nSpain<\/td>\n593 billion<\/td>\n<\/tr>\n
17<\/td>\nBelgium<\/td>\n561 billion<\/td>\n<\/tr>\n
18<\/td>\nIndia<\/td>\n528 billion<\/td>\n<\/tr>\n
19<\/td>\nTaiwan<\/td>\n525 billion<\/td>\n<\/tr>\n
20<\/td>\nSwitzerland<\/td>\n453 billion<\/td>\n<\/tr>\n
21<\/td>\nAustralia<\/td>\n411 billion<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\u00a0<\/div>\n
\n

A\u00a0trading nation\u00a0(also known as a\u00a0trade-dependent economy, or an\u00a0export-oriented economy) is a country where\u00a0international trade\u00a0makes up a large percentage of its economy.<\/p>\n

Smaller nations (by population) tend to be more trade-dependent than larger ones. In 2008, the most trade-dependent\u00a0OECD\u00a0member was\u00a0Luxembourg, where trade was worth 313.08% of\u00a0GDP, while the least trade-dependent was the\u00a0United States, where trade made up 30.41% of GDP.<\/p>\n

There are three types of exporting economies:\u00a0commodity\u00a0exporters, manufacturing exporters, and services exporters. Most countries, however, do not fall purely in one category.<\/p>\n

Commodity exporters include countries with large deposits of\u00a0natural resources\u00a0or large amounts of\u00a0farmland, with populations too small to use all their own resources. The trade of many commodity exporters is dominated by a single commodity. Most\u00a0least developed countries\u00a0are reliant on agricultural exports. A 1998 statistical review by the\u00a0Food and Agriculture Organization\u00a0showed that 32 developing countries relied on a single commodity for more than half of their agricultural export earnings.<\/sup>\u00a0Agricultural exporters are generally members of the\u00a0Cairns Group, a coalition of 19 countries that\u00a0lobby\u00a0for more market access.\u00a0Fossil fuel exporters, such the\u00a0OPEC\u00a0countries, are an important and influential subset of commodity exporters.<\/p>\n

Manufacturing exporters include many\u00a0densely populated\u00a0countries where human labor is the most important resource. They include wealthy countries such as Germany and Japan, as well as developing nations like China and India.<\/p>\n

Services-exporting countries include hubs of international\u00a0finance,\u00a0tourism,\u00a0healthcare, and\u00a0education. Many\u00a0highly developed countries\u00a0export services.<\/p>\n

Some countries export all the commodities, manufactures, and services. For example, Canada is regularly described as a trading nation as its total trade is worth more than two-thirds of its GDP (the second-highest level in the\u00a0G7\u00a0after\u00a0Germany),<\/sup><\/sup><\/sup>\u00a0which includes all sectors of the economy.<\/p>\n<\/div>\n\n\n

\"Certified<\/a><\/figure><\/div>\n\n\n\n

Go back to Tutorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Go back to Tutorial Top trading nations (2010 estimates) Let’s learn about Top trading nations (2010 estimates). Following is the list for top trading nations Rank Country Exports + Imports (in US dollars) 1 European Union 3.764 trillion 2 USA 3.173 trillion 3 People\u2019s Republic of China 2.813 trillion 4 Germany 2.457 trillion 5 Japan…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[85],"tags":[6720],"class_list":["post-17046","page","type-page","status-publish","hentry","category-export-import","tag-foreign-trade"],"acf":[],"yoast_head":"\nTop trading nations (2010 estimates) - Tutorial<\/title>\n<meta name=\"description\" content=\"Learn more about Top trading nations. practice and validate your skills to become a Certified Export Import Foreign Trade Professional!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/top-trading-nations-2010-estimates-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top trading nations (2010 estimates) - 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