🌍 World exports $24.5 TRILLION

• 🇨🇳 #China : $3.6T . the single biggest exporter

• 🇺🇸 U.S.: $2.1T . energy, tech, defense heavy

• 🇪🇺 Europe = a system, not one country

#Germany $1.75T

#Netherlands $985B (re-exports matter)

• 🇸🇦 Middle East = energy flows

– Saudi Arabia $610B

This isn’t free trade.

It’s chokepoint economics.

When the next shock hits, disruption won’t be everywhere.

It will hit the hubs.

#trade

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