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Higher-quality products, in turn, helped the growth in Germany's trade exceed that of the United States in the 1890s.
Looking further ahead, it says: "The balance of recent submissions seen by the committee is that Brexit is likely to have a net negative impact in the long term because the costs of a fall in trade exceed the gains in other areas, although the size of that impact varies considerably between different studies.
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Today the annual value of that trade exceeds 1,000 per cent of GDP.
China is Africa's top business partner, with trade exceeding $166 billion.
ROK-Russia economic ties have grown more than 40% annually for the past three years, with two-way trade exceeding USD 15 billion in 2007.
US-ASEAN two-way trade exceeded over $200 billion in 2015, including over $80 billion in US exports.
The increased sanctions against Iran have already affected Turkey's existing economic relationship with the Islamic Republic, with which Turkey's bilateral trade exceeds $10 billion per annum.
The results, which were announced after the close of regular trading, exceeded analysts' expectations.
Shares of Pep Boys rose more than 25 percent in premarket trading, exceeding the offer of $15 a share, suggesting some investors believe a competing bid is possible.
Opponents say that even at the rate in the DeFazio-Harkin bill, the tax would add significantly to the cost of trading, exceeding what institutional investors pay in commissions.
The company fell 3 points in regular trading, exceeding a down market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com