International trade, which includes export and import, plays crucial role in a country's economic development; it is one of the most crucial elements in the economic growth of a developing country.
Export, particularly, are important for the development and growth of national economies and often determines countries' economic strength.
Legit.ng highlights a list of top 25 countries with largest exporting power. China, the United States, and Germany are the world's top three largest exporters of goods. See the full list of the countries below:
Meanwhile, an earlier report by Legit.ng lists the top 10 richest countries in the world in 2019.
Interestingly, countries which made the list are some of the world’s smallest nations, even the United States falls quite below.
According to Global Finance, the yardstick of the ranking is based on the countries’ GDP with their Purchasing Power Parity (PPP) calculated in international dollars.
The top three are; Qatar ($134,623 GDP), Macao ($122,201 GDP), and Luxemborg ($108,813 GDP).
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