“The share of exports to China in Japan’s total good exports is close to 20%, and the share of exports to China in Japan’s GDP is around 3%,” Billi Diviney and Aline Schuiling, senior economists at ABN AMRO. Key quotes “For the eurozone these shares are 8% and 1.5% respectively. Within the eurozone, Germany would (again) be the country that is hit hardest by the slowdown in industry and exports, with the share of exports to China in Germany’s GDP at 3%.” “For comparison, the US’s trade exposure to China is much smaller, with the share of exports to China in GDP at just 0.5%. On top of this, tourism from China has also become a rising source of income for Japan. It is now 1% of GDP – up sharply from just 0.3% in 2012.” “This is important, because as the SARS episode taught us, the hit to tourism is one of the main sources of economic spillovers from such an outbreak. For the eurozone, the share of tourism in GDP is more limited, at just 0.1%. Italy and France are the two eurozone countries that would suffer the most, but related to their GDP the impact is still rather small.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next Ethereum Price Analysis: ETH/USD is following the Elliott Wave Harmonic patterns FX Street 2 years "The share of exports to China in Japan’s total good exports is close to 20%, and the share of exports to China in Japan’s GDP is around 3%," Billi Diviney and Aline Schuiling, senior economists at ABN AMRO. Key quotes "For the eurozone these shares are 8% and 1.5% respectively. Within the eurozone, Germany would (again) be the country that is hit hardest by the slowdown in industry and exports, with the share of exports to China in Germany’s GDP at 3%." "For comparison, the US’s trade exposure to China is much smaller, with the share of exports to China… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
