China takes first place as the worlds largest exporter of goods, clocking in at $1.20 trillion. The Asian nation specializes in electrical equipment and machinery, power generating equipment, apparel, and iron and steel.
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Exporting $1.12 trillion worth of goods, Germany ranks as the second largest exporter in the world. Exports make up a substantial part of GermanyÂs economic backbone, accounting for one third of the countryÂs annual output.
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The United States of America ranks the third largest exporter in the world with $1.05 trillion worth of exports leaving the country in 2009. America specializes in exporting capital goods such as engines, boilers and factory components.
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Japan exported $581 billion worth of goods last year, earning them the number four spot on this list. This East Asian nation specializes in passenger cars and car parts, computer accessories, video equipment and industrial machinery.
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Taking the ninth place on our list is South Korea, exporting $364 billion worth of good in 2009. The countryÂs biggest major trade partners are China, The United States, Japan, and Hong Kong. The Asian nationÂs economy relies heavily on several key exports, including automobiles, computers, and microprocessors.
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Consumer electronics and cars are big, but they're not everything.
Cheers,
Scott.