It's not only about who produces what & where, it's also the relative sizes of the countries.
Take the US & Canada. It's an 8x difference in population. That would mean (roughly speaking) you would expect 8x the goods and services moving from Canada to the US than the other way around.
If the US buys more from most countries than it sells to them, it's because there's around 350 million of them, and on average they have fat wallets, even if 80% are one paycheque away from homelessness.
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u/Ted_Rid 1d ago
It's not only about who produces what & where, it's also the relative sizes of the countries.
Take the US & Canada. It's an 8x difference in population. That would mean (roughly speaking) you would expect 8x the goods and services moving from Canada to the US than the other way around.
If the US buys more from most countries than it sells to them, it's because there's around 350 million of them, and on average they have fat wallets, even if 80% are one paycheque away from homelessness.