The following chart shows the exports of goods as a percentage of GDP for a select few countries.
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.