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Another reason output and trade move simultaneously is a country that is in a recession often has a currency that is weak relative to other nations, thereby making imports more expensive than a country's domestic products. With world output and trade being so closely related the amount of world trade has improved considerably relative to world output and can be attributed to the fact that the goods traded have become less expensive over time compared to goods that are sold domestically.
Sixty percent of international trade patterns, in merchandise, are dominated by the flow of high-income economies of the world followed by a thirty-four percent trade between high, middle, and low income nations leaving trade between middle and low income countries at six percent...
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