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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.

Source: Comparing Exports Of Goods As A Percentage Of GDP In Select Countries