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Merchandise exports, led by Asia, rose by 19 per cent last year to $18.2 trillion. But according to the WTO, trade is decelerating: in the first quarter of this year services exports rose by only three per cent on a year earlier; China's exports were down by four per cent, according to The Economist.
Let's take a look at some of the biggest exporters of services and merchandise.
Source: The Economist
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The United States
Services' export (2011): $580 billion
Global rank: 1
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The United Kingdom
Services export (2011): $280 billion
Global rank: 2
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Germany
Services export (2011): $250 billion
Global rank: 3
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China
Services export (2011): $190 billion
Global rank: 4
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France
Services export (2011): $170 billion
Global rank: 5
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India
Services export (2011): $160 billion
Global rank: 6
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Japan
Services export (2011): $155 billion
Global rank: 7
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Spain
Services export (2011): $155 billion
Global rank: 8
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The Netherlands
Services export (2011): $150 billion
Global rank: 9
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Singapore
Services export (2011): $145 billion
Global rank: 10
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Hong Kong
Services export (2011): $140 billion
Global rank: 11
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Ireland
Services export (2011): $120 billion
Global rank: 12
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Italy
Services export (2011): $110 billion
Global rank: 13
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China
Merchandise export (2011): $1.9 trillion
Global rank: 1
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The United States
Merchandise export (2011): $1.9 trillion
Global rank: 1
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Germany
Merchandise export (2011): $1.5 trillion
Global rank: 3
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Japan
Merchandise export (2011): $800 billion
Global rank: 4
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The Netherlands
Merchandise export (2011): $700 billion
Global rank: 5
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France
Merchandise export (2011): $600 billion
Global rank: 6
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The United Kingdom
Merchandise export (2011): $500 billion
Global rank: 7
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Hong Kong
Merchandise export (2011): $500 billion
Global rank: 7
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Italy
Merchandise export (2011): $500 billion
Global rank: 7
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Singapore
Merchandise export (2011): $400 billion
Global rank: 10
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Spain
Merchandise export (2011): $300 billion
Global rank: 11
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India
Merchandise export (2011): $300 billion
Global rank: 11
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Ireland
Merchandise export (2011): $100 billion
Global rank: 13