Imports and exports of merchandise are each about 5% of world economic output.

Name: Imports and exports of merchandise are each about 5% of world economic output.
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Imports and exports of merchandise significantly exceed 5% of world economic output, with global trade being a major component of the world economy. The combined value of world exports and imports of goods and services often amounts to a much larger percentage of global GDP.

Imports and Exports of Merchandise Are Each About 5% of World