Quick Answer: What Are The Top 3 Exports?

Why is Ecuador so poor?

The financial burden of education makes it less accessible.

Consequently, lack of education is one of the main causes of poverty in Ecuador.

More than 60 percent of the population lives near the poverty line.

Because of this, child labor is one of the main sources of income for many of families..

What is China’s biggest import?

The top imports of China are Crude Petroleum ($208B), Integrated Circuits ($133B), Iron Ore ($59.2B), Cars ($45.2B), and Petroleum Gas ($44.2B).

Who is the biggest exporter in the world?

ChinaLeading the list of the world’s largest exporters is China, with a whopping $2.5 trillion of goods sent abroad in 2018. If you add in Hong Kong’s numbers, China holds 15.7% of the global export total — roughly equal to Japan, Netherlands, South Korea, France, and Singapore combined.

What country exports the most food?

Largest Food Exports By CountryRankCountryValue of Food Exports (US Dollars, Thousands)1United States72,682,349.792Germany34,628,800.733United Kingdom29,540,218.714China25,152,286.276 more rows•Apr 25, 2017

What if we stopped buying from China?

If the rest of the world stopped buying from China today. The world economy would pretty much collapse. … Our supply chains are very entwined with China and it would take massive investment of time, money, talent, and resources to adapt to such a big change.

Who buys the most from China?

China’s Trading Partners – Top Countries Where China Exports the MostUnited States: $481 billion.Hong Kong: $304 billion.Japan: $148 billion.South Korea: $110 billion.Vietnam: $84 billion.

What are the top 3 Exports of China?

Searchable List of China’s Most Valuable Export ProductsRankChina’s Export Product2019 Value (US$)1Phone system devices including smartphones$224,069,819,0002Computers, optical readers$148,463,426,0003Integrated circuits/microassemblies$102,187,884,0004Processed petroleum oils$38,345,208,0006 more rows•Sep 27, 2020

What are Ecuador’s 3 main exports?

Economy of EcuadorStatisticsExports$19.3 billion (2017)Export goodspetroleum, bananas, cut flowers, shrimp, cacao, coffee, wood, fishMain export partnersUnited States 31% Vietnam 7.6% Chile 6.9% Panama 4.8% Russia 4.7% (2017)Imports$19.3 billion (2017)32 more rows

Which country exports the most?

Leading export countries worldwide China led the world in exports in 2019. China was followed by the United States, with exports valued at 1.64 trillion US dollars, and Germany, with exports valued at 1.49 trillion US dollars. The value of goods exported from China grew immensely between 2002 and 2014.

What is the bigger country in the world?

RussiaCovering an expanse of over 6.6 million square miles, Russia is the world’s largest country by landmass, beating out runner-up Canada by around 2.8 million square miles. It includes nine different time zones and shares land borders with 14 neighboring countries.

What is Ecuador’s biggest export?

The United States is the primary market for Ecuadorian exports as well as Ecuador’s largest supplier of imports. Ecuador’s main export commodities are petroleum, bananas, cut flowers and shrimp. Its main export partners are the United States, Panama, Peru and Italy.

Is Ecuador a First World country?

In summary, Ecuador is a third-world country. It meets the standards that are currently used to describe third-world countries. The country has high rates of poverty, a high infant mortality rate, poor prison conditions, and poor education levels.

What country imports the most?

USALargest ImportersRankCountryImports ($B)#1USA$2,409 billion#2China$1,842 billion#3Germany$1,167 billion#4Japan$672 billion11 more rows•Jul 11, 2018

What are the top 3 imports?

What Are the Major U.S. Imports?Machinery (including computers and hardware) – $386.4 billion.Electrical machinery – $367.1 billion.Vehicles and automobiles – $306.7 billion.Minerals, fuels, and oil – $241.4 billion.Pharmaceuticals – $116.3 billion.Medical equipment and supplies – $93.4 billion.More items…•

What are Australia’s top 3 exports?

Searchable List of Australia’s Most Valuable Export ProductsRankAustralia’s Export ProductChange1Iron ores, concentrates+40.6%2Coal, solid fuels made from coal-5.5%3Petroleum gases+11.6%4Gold (unwrought)+14.3%6 more rows•Sep 28, 2020

Who is China’s biggest trading partner?

China’s Top Trading PartnersUnited States: US$418.6 billion (16.8% of China’s total exports)Hong Kong: $279.6 billion (11.2%)Japan: $143.2 billion (5.7%)South Korea: $111 billion (4.4%)Vietnam: $98 billion (3.9%)Germany: $79.7 billion (3.2%)India: $74.9 billion (3%)Netherlands: $73.9 billion (3%)More items…•

What is Australia known for producing?

Australia is the world’s largest exporter of coal (35% of international trade), iron ore, lead, diamonds, rutile, zinc and zirconium, second largest of gold and uranium, and third largest of aluminium.

What is Australia’s biggest import?

Australia’s Top Ten Imports#1 Machinery (AUD$46.2 billion) … #2 Mineral fuels (AUD$43.9 billion) … #3 Vehicles (AUD$43.6 billion) … #4 Electrical machinery and equipment (AUD$37.1 billion) … #5 Medical/technical equipment (AUD$12 billion) … #6 Pharmaceuticals (AUD$11.8 billion) … #7 Gems and precious metals (AUD$9.5 billion)More items…•

What is Australia’s number one export?

iron oreAustralia’s main export is iron ore, followed by their other most valuables exports coal, gold, and petroleum. These exports alone rake in $48.2 billion, $47 billion, $29.1 billion, and $20.3 billion, respectively.

What is US biggest export?

Soybeans were the number one product in this category, with sales of $22 billion, followed by meat and poultry at $18 billion. Crude oil, fuel and other petroleum products: $109 billion. This is one of the fastest growing areas of US exports, up 37% in just the last year.

Who is US largest trading partner?

Year-to-Date Total TradeRankCountryTotal Trade—Total, All Countries2,400.5—Total, Top 15 Countries1,804.01Mexico337.52Canada335.313 more rows