Which country was world's largest exporter with merchandise exports worth $1.47 trillion in 2008, according to the World Trade Organization?
Show Hint
- USA
- China
- Germany
- Russia
The Correct Option is C
Solution and Explanation
The correct answer is Germany.
According to World Trade Organization data for the year 2008, Germany held the position of the world's largest merchandise exporter, with total exports valued at around $1.47 trillion. Germany had held this top rank for several consecutive years before 2008 as well, built on its strength in machinery, automobiles, and chemical products sold to markets across the world.
China was close behind Germany in 2008 and went on to overtake it the very next year, in 2009, becoming the new largest merchandise exporter in the world. The USA, while a major trading power, has generally imported more than it exports and did not hold the top exporter rank in 2008. Russia's exports, dominated by oil and gas, were also well below the levels of Germany or China during this period.
So for the specific year 2008 mentioned in the question, Germany was the world's largest merchandise exporter, matching the WTO figure of $1.47 trillion.
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