Top Exporting Countries 2021

Libya

In 2021, Libya ranked #69 globally in Top Exporting Countries with a value of 32,419,787,680.6016 USD. This figure is notably lower than the leading exporter, China, which underscores Libya's position in the global market. The primary driver of Libya's export economy is its vast oil reserves, which account for a significant portion of its export revenue, despite ongoing political instability affecting production levels.

Montenegro

In 2021, Montenegro ranked #140 globally for Top Exporting Countries, with exports valued at 2,511,149,463.4938 USD. This figure is significantly lower than many of its regional neighbors, reflecting the country's smaller economy and export capacity. Key drivers of Montenegro's export performance include its reliance on tourism and the export of natural resources, such as aluminum and fish, which play a crucial role in its economic landscape.

Micronesia (Fed. States of)

In 2021, Micronesia (Fed. States of) ranked #176 in Top Exporting Countries with a total export value of 79,000,000 USD. This figure places Micronesia near the bottom of the global rankings, reflecting its limited export capacity compared to regional neighbors like Palau, which has a more diversified economy. The country's exports are primarily driven by fishing and agricultural products, influenced by its geographic location in the Pacific and reliance on subsistence agriculture.

Thailand

In 2021, Thailand ranked #26 globally in Top Exporting Countries, with exports valued at 296424506130.06 USD. This places Thailand ahead of many neighboring countries, reflecting its significant role in the Southeast Asian economy. The nation's robust export performance is driven by its diverse manufacturing sector, particularly in electronics, automotive, and agricultural products, along with strategic trade agreements that enhance its market access.

Luxembourg

In 2021, Luxembourg ranked #35 among Top Exporting Countries with exports valued at 186265544320.237 USD. This figure places Luxembourg below its neighbor Belgium, which is known for its larger industrial base and export volume. Key drivers of Luxembourg's export performance include its strategic location in Europe, a highly developed financial sector, and a strong focus on high-value goods, particularly in the technology and financial services sectors.

Kenya

In 2021, Kenya ranked #91 among the Top Exporting Countries, with exports valued at 14,381,862,480.2642 USD. This figure is significantly lower than that of regional leaders like South Africa, which showcases a more diversified export base.

Key drivers of Kenya's export performance include its strategic geographic location as a gateway to East Africa and the prominence of agricultural exports, particularly tea and horticultural products. Furthermore, ongoing investments in infrastructure and trade agreements are aimed at enhancing Kenya's export capacity.

Gambia

In 2021, Gambia ranked #171 globally in Top Exporting Countries with a total export value of 133283633.187106 USD. This figure places Gambia significantly lower than its regional neighbors, reflecting challenges in trade competitiveness. Key drivers of this low ranking include the country's limited industrial base and reliance on agriculture, particularly groundnuts, which dominate its export landscape.

Oman

In 2021, Oman ranked #62 among the top exporting countries, with a total export value of 46,569,570,871.2614 USD. This figure is notable within the Gulf region, where countries like Saudi Arabia and the UAE typically dominate export rankings. Oman's economy is heavily reliant on oil exports, which constitute a significant portion of its total trade, while ongoing efforts to diversify its economy aim to enhance its non-oil sectors.

Armenia

In 2021, Armenia ranked #124 among the Top Exporting Countries with a total export value of 4,950,452,984.49689 USD. This figure is significantly lower than many of its regional neighbors, reflecting the challenges faced by its economy. Key drivers of Armenia's export landscape include its limited natural resources and reliance on sectors like mining and agriculture, alongside ongoing geopolitical tensions that impact trade relationships.

Marshall Islands

In 2021, the Marshall Islands ranked #173 with a total of 120116615.29541 USD in Top Exporting Countries. This figure places the Marshall Islands significantly lower than many of its Pacific neighbors, reflecting the challenges faced by small island economies. The country's exports are primarily driven by fishing and agriculture, with limited diversification due to its geographic isolation and small population.