In this article, we take a look at the top 5 exporting countries of 2022. For more on this, go to Top 20 Exporting Countries of 2022.
5. Ireland
export-to-GDP ratios: 134.41%
In 2021, Ireland was the world’s 25th largest economy by GDP (current US dollars) and 30th in total exports. In 2021, Ireland was the world’s largest exporter of nitrogen heterocyclic compounds ($22.4B), aromatic compounds ($9.37B), nucleic acids ($5.99B), hormones ($5.99B), and sulfonamides ($3.42B). Ireland’s top exports are vaccines, blood, antisera, toxins and cultures ($36.5B), packaged medicines ($32.8B), nitrogen heterocyclic compounds ($22.4B), integrated circuits ($15.3B), and synthetic compounds ($9.37B). The main exporting destinations are the US (27% of total exports); Great Britain (13%); Belgium (11%); Germany (8%); Switzerland and the Netherlands (5%); France and China (4%).
4. Malta
export-to-GDP ratios: 150.74%
In 2021, Malta was the 119th economy in the world in terms of total exports. Top exports of Malta include integrated circuits ($732M), petroleum ($681M), medicines ($620M), unused stamps ($306M), and other toys ($182M). Malta’s main exporting destinations include France, Germany, Italy, Libya, the UK, and the US.
3. Singapore
export-to-GDP ratios: 184.84%
In 2021, Singapore was the world’s 35th largest economy by GDP (current US dollars) and 19th in total exports. In 2021, Singapore was the world’s largest exporter of glassworking machines ($1.6B). Singapore’s top exports are integrated circuits ($77B), refined petroleum ($40.8B), gold ($18.6B), packaged medicines ($10.4B), and machinery with individual functions ($8.33B). Singapore’s leading exporting destinations are China (15 % of total exports), Hong Kong (12 %), Malaysia (11 %), Indonesia (8 %), the US (6 %), and Japan (5 %).
2. Hong Kong
export-to-GDP ratios: 203.52%
In 2021, Hong Kong was the world’s 38th largest economy by GDP (current US dollars) and 36th in total exports. In 2021, Hong Kong was the world’s largest exporter of silver ($5.39B) and human hair ($27M). Hong Kong’s top exports are gold ($14.3B), integrated circuits ($8.59B), gas turbines ($7.67B), broadcasting equipment ($6.26B), and silver ($5.39B). The Major export goes to countries like China (40 %), the US (8 %), Vietnam (6 %), Singapore (5 %), Taiwan, and Macau.
1. Luxembourg
export-to-GDP ratios: 211.43 %
Luxembourg is an export economy. In 2021, Luxembourg was the 76th largest economy in the world with regard to total exports. Luxembourg’s top exports are iron blocks ($1.37B), cars ($696M), rubber tires ($677M), gas turbines ($475M), and iron sheet piling ($469M), but the most profitable exports are financial services. The Major export goes to countries like Germany (27 % of total exports), France (15 %), Belgium (12 %), the Netherlands (6 %), the UK (4 %), Italy (4 %), and the US (3 %) and Poland (3 %).
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