Asked by Carly Rosati on May 07, 2024
Verified
Which country has the largest share of total world exports?
A) Japan
B) Germany
C) United States
D) China
World Exports
The total value of goods and services sold by one country to other countries around the world.
Largest Share
This refers to the highest percentage of ownership or control in a company or market held by a single entity.
Germany
A country in Central Europe, known for its rich history, cultural heritage, and as a key economic and political power in the European Union.
- Discern the main worldwide exporters and acknowledge the crucial significance of their involvement in international commerce.
Verified Answer
AT
Aaron TavizonMay 12, 2024
Final Answer :
D
Explanation :
According to the data from the World Trade Organization, in 2019 China had the largest share of total world exports, accounting for approximately 13.3% of all merchandise exports. The United States followed closely behind with a 9.2% share, while Germany and Japan had smaller shares of 7.8% and 3.7%, respectively.
Learning Objectives
- Discern the main worldwide exporters and acknowledge the crucial significance of their involvement in international commerce.