The economies of some countries are heavily dependent on exports while others do not. A higher percentage of jobs in export-driven countries depend on exports. For example, Germany is a classic export-based economy unlike the US which is a consumption-based economy. So 30% of total employment is attributed to exports. In the US, the figure is only 10%. Other countries like Korea, Mexico, Canada also have high number of jobs dependent on exports.
It is surprising that a lower percentage of jobs are dependent on exports in China than other countries like Mexico, Canada, India, UK, etc.
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Source: The truth about Brexit, April 2017, The Absolute Return Letter, Absolute Return Partners
