International trade is the lifeblood of the global economy, allowing nations to reap the benefits of their comparative advantage in an increasingly competitive environment. Each day, billions of dollars in capital, goods and services are transported across the globe to consumers and producers. Advances in technology, transportation, globalization and international business have made this process easier than ever before. As one can imagine, the foreign exchange market is at the centre of international trade, helping governments, corporations and individuals convert money into a foreign currency to pay for goods and services sourced abroad.
To that end, it’s important to think about the global economy as a trade-driven economy. As time goes on, international trade will only intensify as nations seek exposure to new markets. While each and every country participates in trade, some rely on it much more than others. Below we’ve identified the top-ten countries in the world by the total dollar amount of merchandise exports on a free on board basis. All figures are sourced from the Central Intelligence Agency (CIA) using 2014 estimates.
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