Asia Import and Export Data 2023


One of the largest continents across the globe both in terms of land area and population, Asia covers almost 30% of the total land area of the world. The Asian continent is recorded as the home to the majority of the population residing on the earth more than 60%. Along with its vast land area, it is also home to numerous numbers of cultures and traditions as it is home to a diversity of nations that follow the ethnicities of their ancient tribes as their cultural rituals. The country is landlocked by the Pacific Ocean, Indian Ocean, and Arctic Ocean in the east, south, and north direction.

The Asian continent has the longest coastline with the oceans in its heart with a length of 62,800 kilometers. The tropical climate of the continent is moist in the southeast sections and dry in the interior areas which contribute to most of the agricultural sector accounting for a majority of share in the trade. The attributing factors along with the government investments have recorded a GDP growth of 7.1% in 2023 from the past years worth 19 trillion US dollars along with an import and export trade value of 2.3 trillion US dollars and 9.68 trillion US dollars.

TOP IMPORTS OF ASIA 2023

The increased domestic demands of the continent led to a higher number of imports, the authorities used to import products from nations with favorable trade rates to balance the economy. As per the Custom Import Export Data, the top imports of the nation with trade values of 2023 are discussed below,

 

  • Electronics – The Import Trade Value of Electronics in Asia 2023 – 1 trillion US dollars
  • Machinery – The Import Trade Value of Machinery in Asia 2023 – 900 billion US dollars
  • Mineral Fuels – The Import Trade Value of Mineral Fuels in Asia 2023 – 800 billion US dollars
  • Vehicles – The Import Trade Value of Vehicles in Asia 2023 – 500 billion US dollars
  • Pharmaceuticals – The Import Trade Value of Pharmaceuticals in Asia 2023 – 400 billion US dollars
  • Plastics – The Import Trade Value of Plastics in Asia 2023 – 300 billion US dollars
  • Iron and Steel – The Import Trade Value of Iron and Steel in Asia 2023 – 200 billion US dollars
  • Organic Chemicals – The Import Trade Value of Organic Chemicals in Asia 2023 – 150 billion US dollars
  • Optical and Medical Equipment – The Import Trade Value of Optical and Medical Equipment in Asia 2023 – 100 billion US dollars
  • Gems and Precious Metals – The Import Trade Value of Gems and Precious Metals  in Asia 2023 – 80 billion US dollars

TOP IMPORT DESTINATIONS OF ASIA 2023

Due to the vast population residing there, the continent is facing increased domestic needs per year for which it is expanding its import reach across the globe. As per the Asia Import Data, the top import destinations of the nation with its annual import revenues of 2023 are discussed below,

 

  • China – The annual import revenue of China 2023 – 2 trillion US dollars
  • Japan – The annual import revenue of Japan 2023 – 1 trillion US dollars
  • South Korea – The annual import revenue of South Korea 2023 – 800 billion US dollars
  • India – The annual import revenue of India 2023 – 700 billion US dollars
  • Singapore – The annual import revenue of Singapore 2023 – 600 billion US dollars
  • Vietnam – The annual import revenue of Vietnam 2023 – 500 billion US dollars
  • Taiwan – The annual import revenue of Taiwan 2023 – 400 billion US dollars
  • Thailand – The annual import revenue of Thailand 2023 – 300 billion US dollars
  • Malaysia – The annual import revenue of Malaysia 2023 – 200 billion US dollars
  • Indonesia – The annual import revenue of Indonesia 2023 – 100 billion US dollars

TOP EXPORTS OF ASIA 2023

The rapid advancement of the industrial sectors to account for the balance of economic trade leads to higher exports per year. As per the Asia Import Export Trade Data, the top exports of the nation with trade values of 2023 are discussed below,

  • Electronic Equipment – The export trade value of electronic equipment in 2023 – 1.6 trillion US dollars.
  • Machinery – The export trade value of machinery in 2023 – 1 trillion US dollars.
  • Cars – The export trade value of cars in 2023 – 700 billion US dollars.
  • Textiles – The export trade value of textiles in 2023 – 600 billion US dollars.
  • Plastics – The export trade value of plastics in 2023 – 500 billion US dollars.
  • Iron and Steel – The export trade value of iron and steel in 2023 – 300 billion US dollars.
  • Organic Chemicals – The export trade value of organic chemicals in 2023 – 200 billion US dollars.
  • Petroleum Oils – The export trade value of petroleum oils in 2023 – 100 billion US dollars.
  • Gems and Precious Metals – The export trade value of gems and precious metals in 2023 – 80 billion US dollars.
  • Food Products – The export trade value of food products in 2023 – 70 billion US dollars.

TOP EXPORT DESTINATIONS OF ASIA 2023

To record a top global trade rank among all the other competitors Asia has been configuring its vulnerable production factors to account for the economic trade to a greater extent. As per the Asia Customs Data, the export destinations of the nation with its trade revenue of 2023 are discussed below,

 

  • China – The annual export revenue of China 2023 – 2.6 trillion US dollars
  • Japan – The annual export revenue of Japan 2023 – 907 billion US dollars
  • South Korea – The annual export revenue of South Korea 2023 – 731 billion US dollars
  • India – The annual export revenue of India 2023 – 516 billion US dollars
  • Singapore – The annual export revenue of Singapore 2023 – 506 billion US dollars
  • Vietnam – The annual export revenue of Vietnam 2023 – 362 billion US dollars
  • Dubai – The annual export revenue of Dubai 2023 – 329 billion US dollars
  • Thailand – The annual export revenue of Thailand 2023 – 262 billion US dollars
  • Malaysia– The annual export revenue of Malaysia 2023 – 259 billion US dollars
  • Indonesia – The annual export revenue of Indonesia 2023 – 232 billion US dollars

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