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However, if you add up all countries' reported current-account transactions (exports minus imports of goods and services, net investment income, workers' remittances and other transfers), the world exported $331 billion more than it imported in 2010, according to the IMF's World Economic Outlook.
The steel technology existed prior to 326 BC in the region as they are mentioned in literature of Sangam Tamil, Arabic and Latin as the finest steel in the world exported to the Romans, Egyptian, Chinese and Arabs worlds at that time - what they called Seric Iron.
Portugal owns the credits of the world leading position on cork oak forest area (740,000 ha out of the world 2,200,000 ha), cork production (60% of the world exported cork volume), and cork processing (74% of world processed cork).
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Australia is one of the leading exporters of raw sugar in the world, exporting more than 80 percent of its raw sugar to countries like South Korea, Indonesia and Malaysia.
They are, in effect, the testes of the world, exporting a whopping 90percentt of their "production".
India has been referred to as "the pharmacy of the developing world", exporting more than half of its generic medicine to the world's poorest countries every year.
Next, we restrict the sample to the top 40 exporter countries in the world, which account for 77% of world exports.
Nearly half of world exports are denominated in dollars.
Global GDP fell by 0.6% in 2009 while the volume of world exports dropped by 12.2%.
IN the first decade of the 21st century, world exports boomed and then fell sharply.
In 1990, China's share of world exports was 1.9% and of imports 1.6%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com