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Employment figures also confirm that exports' share of the economy is relatively small.
Those observations imply that when China has a large export market for their ordinary exports, share of processing export will be relatively low.
Table 2 Exports' share by type of products, 1995 2011 (average) Source Authors' estimations based on WIOD Canada Mexico USA Intermediate inputs Primary goods 11.2 14.2 3.5 Manufacturing 41.6 36.3 51.3 A.
Observing the total exports share, we identify that transport equipment products were the most exported ones inside Latin America, while electric machinery became the second most traded in 2011.
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Source: Own calculations with data from ECLAC, INDEC and Ferreres (2005) Fig. 2 Composition of Argentine exports (shares of total Argentine exports).
Outside the top three, only Japan has an export share above 5%.
The export share of Ireland, an original member, fell as its economy came to be based more on a property boom and less on manufacturing.
Correction: A previous version of this article misstated the export share of Tupras's revenues: it sells about one-quarter of its output abroad, not two-thirds.
That would make the denominator for the export ratio much bigger than GDP.Once these adjustments are made, Mr Anderson reckons that the "true" export share is just under 10% of GDP.
There is a fallacy of composition problem here, in which everyone would like to cut their deficit, while hoping that a lower exchange rate will help them increase their export share, and thus prop up GDP growth.
USA is one of the biggest export destinations of Pakistan with export share of 15%.
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