Saudi Arabia Leaps Up Global Ranking as One of the World’s Largest Exporting Countries

The Kingdom of Saudi Arabia has climbed 6 positions in the ranking of the world’s largest exporting countries in 2022.

China ($3.6 trillion), the US ($2.1 trillion) and Germany ($1.7 trillion) remained in the top three global exporters last year, according to Sputnik statistics based on data from national statistical agencies.

The Netherlands, which exported products worth $760.6 billion to world markets, rose from fifth to fourth place, replacing Japan, whose exports amounted to $747.6 billion.

South Korea remained in sixth place with $683.6 billion worth of goods exported. Italy (657.2 billion), France (626.7) and Canada (599) moved up one spot to seventh, eighth and ninth respectively, thanks to that Hong Kong dropped from seventh to eleventh place. .

Saudi Arabia jumped 6 degrees to 19th place, while Norway climbed 5 notches to 28th from 33rd. On the other hand, Switzerland dropped from 21st place among the world’s largest exporters, while Ireland fell from 31st place. .

Source: Sputnik