% export to China
Source: CEIC, Continuum Economics
or 4 percent of annual revenue
€20 million (~$25 million)
% export to U.S.
GDPR is a regulation in EU law that focuses on data privacy. Its primary purpose is to define and unify the rights and freedoms of citizens.
GDPR imposes stiff fines on data controllers and processors for noncompliance.
ASIAN COUNTRIES RELY MORE ON CHINA FOR EXPORT GROWTH
Trade has been shifting away from the U.S. and toward China. Amid China’s rise, Asia’s exports to the U.S. have decreased to ~12% in recent years.