2024-09-08 16:38:06
New Delhi: India is the fastest growing economy in the world but in terms of exports, we are behind many small countries of the world. According to statista.com, in the year 2023, the exports of 16 countries of the world were more than India. These include small countries like South Korea, Belgium, Hong Kong, Singapore, Taiwan and UAE. China’s exports were about eight times more than India. India exported a total of $ 432.34 billion in 2023, while the export of China, which is called the factory of the world, was $ 3,380.02 billion. After China, America, Germany, Netherlands, Japan, Italy and France are next. Last year, America exported goods worth a total of $ 2019.54 billion to markets all over the world. Europe’s largest economy Germany is at number three in this list. Last year, its exports were $ 1,688.42 billion. Netherlands exported a total of $ 934.57 billion last year. The next name in this list is Japan, which is the fourth largest economy in the world. Japan exported $ 798.25 billion in 2023. Italy exported $ 717.32 billion, France $ 648.96 billion, South Korea $ 648.48 billion and Mexico $ 593.01 billion.
India vs China: India overtook China on another front, the dragon just kept watching
india vs china
Hong Kong is at number ten in this list. Hong Kong, which has become a part of China, exported a total of $573.87 billion last year. Hong Kong mainly exports electronics. UAE exported $520.69 billion while Singapore’s exports were $487.78 billion. Taiwan exported $476.25 billion during this period. India is at number 17 in this list. India exported $432.34 billion last year. It is clear from this that we still have a long way to go to reach China.