2 ms·
> $2.2B/year or ~5% of global trade. You think global trade amounts to 44 billion dollars per year? The United States alone has a GDP of 29,000 billion dollar
by thaumasiotes 2y ago
> $2.2B/year or ~5% of global trade.
You think global trade amounts to 44 billion dollars per year?
The United States alone has a GDP of 29,000 billion dollars. World GDP for 2023 seems to be estimated at 105,000 billion dollars.
By that estimate, $2.2B / year is 0.000021% of global trade.
- redundantly 2y agoThey may be referring just to the global trade of cheese.
- thaumasiotes 2y agoThe claim would be just as stupid; US cheese exports are somewhere around 7% of US cheese production. The US is not 86% of world cheese production.
- Retric 2y agoNo you misunderstood again, US cheese exports make up ~5% of global cheese trade between countries. Further, when you first read “global trade” and thought “all global trade” why would you suddenly from “global trade of cheese” to “global production of cheese”.
- thaumasiotes 2y agoProduction and trade are the same thing. That's what we mean when we say trade. Why would you object to the idea that the amount of global trade in cheese is equal to the global production of cheese, but not to the idea that the amount of global trade is equal to the amount of global production? You could argue that there's more trade than there is production, because of reselling, but that would once again dramatically shrink the share of cheese trade that you could attribute to US cheese exports, which don't take future reselling into account.