A trading nation is an ever increasing nation where international trade constitutes a large portion of its gross domestic product. The more a nation develops technologically, the more it can export to other nations. The most common trading nation in the world is the United States of America, followed by China (exporting mainly to Japan and Korea), Japan (exporting primarily to Europe and South America), Germany (exporting mainly to Eastern Europe), and India (exporting mainly to South Asia). These nations have all participated in the World Trade Organization’s (WTO) free-trade Area for the purpose of globalization.
The five-year average of China’s GDP has been growing at about 3% a year. This rapid growth has led many analysts to conclude that the country will be the biggest trading nation in the next decade. The U.S. economy is now starting to catch up to this rapid economic growth in China. China is currently the largest importer of goods in the world, importing everything from automobiles to computers.
Canada has recently become a great trading nation, as its economy continues to grow at a moderate pace. Canada exports a great number of products to the United States, and this trend seems to continue. While Canada is now the third largest importer of goods, it is still far behind the United States. Many economists believe that the Canadian economy will overtake that of the United States in the next few years. Many economists also believe that the Canadian government has recently taken important steps to stimulate the economy, and these steps may prove to be helpful to the Canadian exporters.
As for the United States, its current status remains relatively stable. Most economists believe that the American economy will continue to expand at a moderate rate, and will eventually surpass Canada. At the current time, it is hard to predict the direction of the American economy, but most believe that it will continue to grow slowly, at a pace slightly faster than the Canadian economy. In addition, many believe that Canada’s economy will continue to increase while the United States’ rate will remain flat or decrease slightly.
In order to determine which country is the largest trading nation in the world, one must take into account its total exports and imports. The United States has a surplus of exports, while Canada has a deficit of imports. Therefore, if you include only the exports of the United States, you will come up with a different number than the one who includes imports. Looking deeper, you will see that the United States is actually the largest trading nation in the world due to its high level of exports. On the other hand, Canada is second, because of its relatively low level of exports.
This means that if you look at the total value of exports, rather than including just exports, you will find out that the United States is the largest trading nation in the world. You may also notice that when you compare the value of imports with the value of exports, the gap between the two nations becomes very insignificant. All in all, Canada is currently a great international trade partner for the United States, but that does not mean it is the trading nation of the future.