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Posts tagged as “trade intensity”

Exports to the US Matter More for Some than Others

About 17% of global exports are destined for the United States. The importance of the US as an export market has increased since 2008 but is lower than at the turn of the century when the US accounted for over 21% of global export value. At a country level the importance of the US as a trading partner varies significantly, with Canada, Mexico, and parts of Latin America and Caribbean being highly dependent and the rest of the world less so. This is one key aspect in understanding the potential impact of tariffs on overall exports on both large and small economies around the world. This article focuses on two aspects – dependency on trade overall as well as specific dependence on the US as an export market.

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