Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (46600)	2/16/2006 2:16:10 PM
From: regli	of 116555

"Right now the US is still the world leader in trade and as long as that lasts so will the hegemony." Germany alone is the largest exporter in the world having overtaken the U.S. last year. However, is likely to be overtaken by China within the next 5 years. service.spiegel.de "...The world's largest exporter seems overly dependent on exports. ..." As to imports, the U.S. is only marginally larger than the EU. cia.gov $ 1,727 trillion vs. $ 1,402 for the EU. As to total exports, the EU leads the U.S. by a similar margin. cia.gov $ 1,318 trillion vs. $ 927 trillion. Based on these numbers, the EU is the world leader in trade! Note that the EU numbers are 2004 and do not include 2005 est. figures.

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