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This Giant Map Shows the Top Export of Every Country – Visual Capitalist

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In a global market with (mostly) free trade, it’s common to see economies that are very specialized, each producing specific goods based on the competitive advantages, incentives, and resources they have available.
Whether those inputs are inexpensive labor, ample amounts of natural resources, or a surplus in engineering talent, countries can use these advantages to manufacture and sell goods on the international market at a higher level of quality or a better price than competitors.
Today’s infographic comes to us from VoucherCloud, and it helps us get a sense of this specialization by looking at the top export of every country in the world. It’s a simple but telling way to see what countries are “good” at producing.
To start, here is a breakdown of countries, based on top export category:

Note: Dataset is from the Observatory of Economic Complexity (2015)
At a high level, it’s clear that the vast majority of exports are derived from natural resources.
Fuels, metals, minerals, and organics make up over half of all top exports. Meanwhile, food and produce, which includes commodities like sugar, coffee, fish, and soybeans, also could be classified this way as well – and they make up a further 18.7% of top exports.
Viewing specific regions based on this concept can also provide some insight, as well.
It gives a sense of how developed the economies are in a certain area – and it also shows what resources are plentiful and in demand from those regions.

In case you weren’t aware, oil is a pretty big deal in the Middle East. There are a few exceptions: Israel’s top export is diamonds, Jordan’s is fertilizers, and Lebanon specializes in jewelry. The most recent data for war-torn Syria shows spice seeds at the top export.

Meanwhile, Europe is home to many developed economies that are focused on value-added goods, with many being in the transportation sector. Cars are a top export for nine countries here, and vehicle parts are a top export for other places, like Poland or Romania, as well.
Interestingly, France stands out here with its top exports being aerospace-related.

Looking at Asia also provides some interesting contrasts.
South Korea specializes in integrated circuits, while their northern neighbors sell coal briquettes (mostly to China) as a top export. It may also be surprising to see economies like Thailand and Vietnam having top exports such as computers and broadcasting equipment.
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Disappointing results have pushed Netflix shares down by over 60% year-to-date. This infographic puts the company’s rocky year into perspective.
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Netflix shares have enjoyed an incredible run over the past decade. Subscriber growth seemed limitless, profitability was improving, and the pandemic gave us a compelling case for watching TV at home.
Things took a drastic turn on April 19, 2022, when Netflix announced its Q1 results. Rather than gaining subscribers as forecasted, the company lost 200,000. This was the first decline in over a decade, and investors rushed to pull their money out.
So, is there a buying opportunity now that Netflix shares are trading at multi-year lows? To help you decide, we’ve provided further context around this historic crash.
Over the span of a few months, Netflix shares have erased roughly four years worth of gains. Not all of these losses are due to the drop in subscribers, however.
Prior to the Q1 earnings announcement, Netflix had lost most of its pandemic-related gains. This was primarily due to rising interest rates and people spending less time at home. Still, analysts expected Netflix to add 2.7 million subscribers.
After announcing it had lost 200,000 subscribers instead, the stock quickly fell below $200 (the first time since late 2017). YTD performance (as of April 29, 2022) is an abysmal -67%.
Netflix pointed to three culprits for its loss in subscribers:
Let’s focus on the latter two, starting with competition. The following table compares the number of subscribers between Netflix and two prominent rivals: Disney+ and HBO.
Disney+ was launched in November 2019, while HBO Max was launched in May 2020. HBO (the channel) and HBO Max subscribers are rolled up as one.
Based on this data, Netflix may be starting to feel the heat of competition. A loss in subscribers is bad news, but it’s even worse when competitors report growth over the same time period.
Keep in mind that we’re only talking about a single quarter, and not a long-term trend. It’s too early to say whether Netflix is actually losing ground, though the company has warned it could shed another 2 million subscribers by July.
Next is account sharing, which according to Netflix, amounts to 100 million non-paying households. This is spread out across the entire world, but if we use the company’s U.S. pricing as a benchmark, it translates to between $1 to $2 billion in lost revenue.
In the tech sector, growth is everything. If Netflix can’t return to posting consecutive quarters of subscriber growth, it could be many years before the stock returns to its previous high.
“We’ve definitely seen that once you get to 70, 80 millions of subs, things really tend to slow down. We saw it with HBO, and we’ve seen the same issues with Disney. They’re hitting the upper limit on the big growth.”
– David Campo, NYU
Regaining that momentum is going to be difficult, but Netflix does have plans. To address password sharing, the service may charge a fee for out-of-household profiles that are added to an account. The specifics around enforcement are vague, but Netflix is also considering a lower-priced subscription plan that includes advertising.
Only time will tell if these strategies can stop the bleeding, or perhaps even boost profitability. Rampant inflation, which might persuade consumers to cut down on their subscriptions, could be a source of additional headwinds.
How have the world’s largest economies changed over time? These graphics show countries sized by their GDP, as a share of the global total.
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Global GDP has grown massively over the last 50 years, but not all countries experienced this economic growth equally.
In 1970, the world’s nominal GDP was just $3.4 trillion. Fast forward a few decades and it had reached $85.3 trillion by 2020. And thanks to shifting dynamics, such as industrialization and the rise and fall of political regimes, the world’s largest economies driving this global growth have changed over time.
This slideshow using graphics from Ruben Berge Mathisen show the distribution of global GDP among countries in 1970, 1995, and 2020.
Using data from the United Nations, Mathisen collected nominal GDP in U.S. dollars for each country. He then determined each country’s GDP as a share of global GDP and sized each graphic’s bubbles accordingly.
The bubbles were placed according to country latitude and longitude coordinates, but Mathisen programmed the bubbles so that they wouldn’t overlap with each other. For this reason, some countries are slightly displaced from their exact locations on a map.
In 1970, the U.S. accounted for the largest share of global GDP, making up nearly one-third of the world economy. The table below shows the top 10 economies in 1970.
Then a global superpower, the former Union of Soviet Socialist Republics (USSR) came in second place on the list of the world’s largest economies.
In the years leading up to 1970, the USSR had seen impressive GDP growth largely due to adopting Western technologies that increased productivity. However, the USSR’s economy began to stagnate in the ‘70s, and eventually collapsed in 1991.
On the other side, Germany (including both West and East Germany) was the third-largest economy in 1970 after rising from economic ruin following World War II. West Germany’s “Economic Miracle” is largely credited to the introduction of a new currency to replace the Riechsmark, large tax cuts brought in to spur investment, and the removal of price controls.
By 1995, the U.S. still held the top spot on the world’s largest economies list, but the country’s share of global GDP had shrunk.
Meanwhile, Japan had leapfrogged into second place and nearly tripled its share of the global economy compared to 1970. A number of factors played into Japan’s economic success:
But around 1990, the country’s economy had actually begun to slow down. Japan’s decreasing labor force participation rate and diminishing returns from higher education both could have played a role.
In 2020, the United States continued to hold onto the number one spot among the world’s largest economies. However, Japan’s slowdown created a rare opportunity for a new powerhouse to emerge: China.
China’s economy saw incredible growth following economic reforms in 1978. The reforms encouraged the formation of private businesses, liberalized foreign trade and investment, relaxed state control over some prices, and invested in industrial production and the education of its workforce. With profit incentives introduced to private businesses, productivity increased.
China was also positioned as a cheap manufacturing hub for multinational corporations. Since rising into contention, the country has become the world’s largest exporter.
India held the title of the sixth largest economy in 2020. Similar to China, the country’s growth came from relaxed economic restrictions, and it has seen particularly strong growth within the service sector, including telecommunications, IT, and software.
With dynamics shifting, which countries will be on the leaderboard in another 25 years?
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