The following chart shows the exports of goods as a percentage of GDP for a select few countries:
Click to enlarge
Source: Guide to the Markets, 1Q 2012, J.P. Morgan Asset Management
A few observations:
- The majority of the goods produced in Canada are exported to the U.S.
- Exports of goods account for about 37% of the Germany’s GDP and about 21% of the goods are exported to Eurozone countries.
- Among the developed countries shown, the exports of goods as a percentage of GDP is the lowest for the U.S.