The world economies have been shaken by the Covid-19 pandemic since its origin in 2020. Total lockdowns in many countries impacted the global supply chain that resulted in a shortage of goods and high inflation. The year 2021 was relatively better in terms of trade recovery, however, some countries still reported new waves of covid that made them put restrictions. Now Russia’s invasion of Ukraine began in Feb this year has disrupted the movement of shipments through the Black Sea and that led to the global food crisis. Despite that which countries are the biggest economies in 2022? Let’s have a look at “World’s 10 Largest Economies”!   

World’s 10 Largest Economies in 2022

By Gross Domestic Product (GDP), the United States of America is the world’s biggest economy, followed by China, Japan, Germany, the United Kingdom, France, Canada, Italy, Brazil, and Russia. Check the GDP of these countries in the table given below.

Rank	Country	Region	GDP in US$ Million
1	United States	America	25,346,805
2	China	Asia	19,911,593
3	Japan	Asia	4,912,147
4	Germany	Europe	4,256,540
5	United Kingdom	Europe	3,376,003
6	France	Europe	2,936,702
7	Canada	America	2,221,218
8	Italy	Europe	2,058,330
9	Brazil	America	1,833,274
10	Russia	Asia/Europe	1,829,050

1. United States of America

Global Import Rank: 1

Import Value 2021: USD 2,937 billion

Top Imports: Machinery, Mechanical Appliances, etc. (14%), Electrical Machinery & Equipment (14%), Vehicles Other Than Railway or Tramway (9%), Mineral Fuels & Oils (7%), and Pharmaceutical Products (5%).

Top Import Partners: China (18%), Mexico (13%), Canada (12%), Japan (4%), and Germany (4%).

Global Export Rank: 2

Export Value 2021: USD 1,753 billion

Top Exports: Mineral Fuels & Oils (13%), Machinery, Mechanical Appliances, etc. (11%), Electrical Machinery & Equipment (10%), Vehicles Other Than Railway or Tramway (6%), and Optical, Photographic, Medical Equipment (5%).

Top Export Partners: Canada (17%), Mexico (15%), China (8%), Japan (4%), and South Korea (3%).

• China

Global Import Rank: 2

Import Value 2021: USD 2,675 billion

Top Imports: Electrical Machinery & Equipment (24%), Mineral Fuels & Oils (14%), Ores, Slag & Ash (10%), Machinery, Mechanical Appliances, etc. (8%), and Optical, Photographic, Medical Equipment (4%).

Top Import Partners: Taipei (9%), South Korea (8%), Japan (7%), the United States (6%), and Australia (6%).

Global Export Rank: 1

Export Value 2021: USD 3,361 billion

Top Exports: Electrical Machinery & Equipment (26%), Machinery, Mechanical Appliances, etc. (16%), Furniture, Bedding, Mattresses, etc. (4%), Plastics & Articles (3%), and Vehicles Other Than Railway or Tramway (3%).

Top Export Partners: United States (17%), Hong Kong (10%), Japan (4%), South Korea (4%), and Vietnam (4%).

• Japan

Global Import Rank: 4

Import Value 2021: USD 772 billion

Top Imports: Mineral Fuels & Oils (20%), Electrical Machinery & Equipment (14%), Machinery, Mechanical Appliances, etc. (9%), Pharmaceutical Products (4%), and Ores, Slag & Ash (4%).

Top Import Partners: China (24%), United States (10%), Australia (6%), Taipei (4%), and South Korea (4%).

Global Export Rank: 4

Export Value 2021: USD 757 billion

Top Exports: Machinery, Mechanical Appliances, etc. (19%), Vehicles Other Than Railway or Tramway (18%), Electrical Machinery & Equipment (15%), Optical, Photographic, Medical Equipment (5%), and Iron and Steel (4%).

Top Export Partners: China (21%), the United States (18%), Taipei (7%), South Korea (6%), and Hong Kong (4%).

• Germany

Global Import Rank: 3

Import Value 2021: USD 1,421 billion

Top Imports: Electrical Machinery & Equipment (12%), Machinery, Mechanical Appliances, etc. (12%), Vehicles Other Than Railway or Tramway (9%), Mineral Fuels & Oils (9%), and Pharmaceutical Products (5%).

Top Import Partners: China (11%), Netherlands (7%), United States (6%), Poland (5%), and Italy (5%).

Global Export Rank: 3

Export Value 2021: USD 1,626 billion

Top Exports: Machinery, Mechanical Appliances, etc. (16%), Vehicles Other Than Railway or Tramway (15%), Electrical Machinery & Equipment (10%), Pharmaceutical Products (7%), and Optical, Photographic, Medical Equipment (5%).

Top Export Partners: United States (8%), China (7%), France (7%), Netherlands (6%), and Poland (5%).

• United Kingdom

Global Import Rank: 7

Import Value 2021: USD 688 billion

Top Imports: Pearls and Precious Stones (11%), Machinery, Mechanical Appliances, etc. (11%), Mineral Fuels & Oils (10%), Vehicles Other Than Railway or Tramway (9%), and Electrical Machinery & Equipment (8%).

Top Import Partners: China (13%), Germany (11%), the United States (8%), the Netherlands (6%), and Norway (5%).

Global Export Rank: 14

Export Value 2021: USD 467 billion

Top Exports: Machinery, Mechanical Appliances, etc. (14%), Pearls and Precious Stones (14%), Vehicles Other Than Railway or Tramway (8%), Mineral Fuels & Oils (7%), and Electrical Machinery & Equipment (5%).

Top Export Partners: United States (12%), Germany (8%), Switzerland (8%), Netherlands (7%), and Ireland (6%).

• France

Global Import Rank: 6

Import Value 2021: USD 701 billion

Top Imports: Machinery, Mechanical Appliances, etc. (12%), Vehicles Other Than Railway or Tramway (10%), Mineral Fuels & Oils (10%), Electrical Machinery & Equipment (9%), and Pharmaceutical Products (4%).

Top Import Partners: Germany (13%), China (10%), Italy (7%), Belgium (7%), and Spain (7%).

Global Export Rank: 9

Export Value 2021: USD 569 billion

Top Exports: Machinery, Mechanical Appliances, etc. (11%), Vehicles Other Than Railway or Tramway (8%), Electrical Machinery & Equipment (7%), Pharmaceutical Products (6%), and Aircraft, Spacecraft & Parts (5%).

Top Export Partners: Germany (14%), Italy (8%), Belgium (7%), Spain (7%), and the United States (7%).

• Canada

Global Import Rank: 14

Import Value 2021: USD 489 billion

Top Imports: Machinery, Mechanical Appliances, etc. (14%), Vehicles Other Than Railway or Tramway (13%), Electrical Machinery & Equipment (9%), Mineral Fuels & Oils (6%), and Plastics & Articles (4%).

Top Import Partners: United States (48%), China (14%), Mexico (5%), Germany (3%), and Japan (2%).

Global Export Rank: 11

Export Value 2012: USD 503 billion

Top Exports: Mineral Fuels & Oils (23%), Vehicles Other Than Railway or Tramway (9%), Machinery, Mechanical Appliances, etc. (6%), Pearls & Precious Stones (4%), and Wood & Articles (4%).

Top Export Partners: United States (75%), China (4%), United Kingdom (2%), Japan (2%), and Mexico (1%).

• Italy

Global Import Rank: 11

Import Value 2021: USD 557 billion

Top Imports: Mineral Fuels & Oils (12%), Machinery, Mechanical Appliances, etc. (9%), Electrical Machinery & Equipment (8%), Vehicles Other Than Railway or Tramway (8%), and Pharmaceutical Products (5%).

Top Import Partners: Germany (16%), France (8%), China (8%), Netherlands (5%), and Spain (5%).

Global Export Rank: 8

Export Value: USD 601 billion

Top Exports: Machinery, Mechanical Appliances, etc. (17%), Vehicles Other Than Railway or Tramway (7%), Electrical Machinery & Equipment (6%), Pharmaceutical Products (6%), and Plastics & Articles (4%).

Top Export Partners: Germany (13%), France (10%), the United States (9%), Switzerland (5%), and Spain (5%).

• Brazil

Global Import Rank: 26

Import Value 2021: USD 219 billion

Top Imports: Mineral Fuels & Oils (13%), Machinery, Mechanical Appliances, etc. (13%), Electrical Machinery & Equipment (12%), Fertilisers (6%), and Vehicles Other Than Railway or Tramway (6%).

Top Import Partners: China (21%), the United States (18%), Argentina (5%), Germany (5%), and India (3%).

Global Export Rank: 24

Export Value: USD 280 billion

Top Exports: Ores, Slag & Ash (17%), Oil Seeds & Oleaginous Fruits (13%), Mineral Fuels & Oils (13%), Meat & Edible Meat Offal (6%), and Iron and Steel (5%).

Top Export Partners: China (31%), United States (11%), Argentina (4%), Netherlands (3%), and Chile (2%).

• Russia

Global Import Rank: 21

Import Value 2021: USD 293 billion

Top Imports: Machinery, Mechanical Appliances, etc. (18%), Electrical Machinery & Equipment (12%), Vehicles Other Than Railway or Tramway (9%), Pharmaceutical Products (4%), Plastics & Articles (4%).

Top Import Partners: China (24%), Germany (9%), the United States (5%), Belarus (5%), and South Korea (4%).

Global Export Rank: 13

Export Value 2021: USD 492 billion

Top Exports: Mineral Fuels & Oils (43%), Pearls & Precious Stones (6%), Iron and Steel (5%), Fertilisers (2%), and Wood & Articles (2%).

Top Export Partners: China (14%), Netherlands (8%), Germany (6%), Türkiye (5%), and Belarus (4%). 

As of now, global economies are facing a slowdown due to a number of factors including a sluggish recovery after the Covid-19 pandemic, and the Russia-Ukraine war. China is experiencing a shutdown after the new covid wave strikes the largest cities like Shanghai. Its “Zero Covid Policies” have forced companies to close their manufacturing units. 2022 is expected to end on a sluggish note in terms of the economy. According to reports, the beginning of the year 2023 would also be not better for the world economies as Russia’s invasion of Ukraine would continue to impact the global supply chain.