The Tweet makes the claim by adding up real exports and real imports and divides the total by real GDP. I created a chart in Fred.

(Real Exports + Real Imports) / Real GDP

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I confirm the numbers but the idea seems silly. Why?

Exports add to GDP while imports subtract from GDP.

(Real Exports - Real Imports) / Real GDP


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(Real Exports - Real Imports) / Real GDP Details

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The chart shows NET exports as a percentage of GDP.

Mike "Mish" Shedlock

Hype Over GDP Statistical Noise

The BEA’s second estimate of Third Quarter GDP came in at 3.2% up from 2.9% in the advance (first) estimate.

Net Exports Decline, Trade Deficit Rises: Exports +3.0%, Imports +3.7%

Trump will not exactly be pleased as the trade deficit in goods is headed the wrong way for his liking.

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Following Friday's jobs report the GDPNow forecast slid from 3.2% to 2.9%.

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Fed Brainwashing on Net Wealth in One Picture

The Fed released its "Z1" report today on Household Net Worth and Domestic Nonfinancial Debt. Let's dive in on wealth.

Value of Exports to Canada and China by State

GeoFred and the St. Louis Fed data repository (Fred) put together a set of interesting trade maps.