% of S&P500 Sales by Nation


Source: Marketwatch

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    • Iamthe50percent commented on Aug 26

      Not so surprising considering that the biggest companies are multinationals. At first glance this looks like the chart of an exporting nation, until you realize that most “American” companies are not American at all. BTW, now that Walgreen’s is a “European” company, are they still included in the S&P 500?

  1. Publius commented on Aug 26

    Yes, and their headquarters is still Deerfield, IL. They pay US and Illinois Corporate taxes.

    Notably, Cognizant (CTSH) is also in the S&P 500, even though the vast bulk of their 200+ thousand person workforce is based in Mumbai, and Accenture (ACN) is part of SPX, even though its headquarters is in Dublin, and it derives more than half of its revenues from outside of the US.

    If there’s some logic to S&P’s inclusion criteria, I’ve never been able to figure it out.

    “There’s no earthly way of knowing which direction we are going; there’s no knowing where we’re rowing or which way the river’s flowing. Is the grisly reaper mowing? Yes, the danger must be growing, for the rowers keep on rowing and they’re certainly not showing any sign that they are slowing.” — Roald Dahl

    • noncist commented on Aug 26

      I can only read that quote in the voice of Gene Wilder.

  2. craig.r.jackson commented on Aug 26

    It’s pretty hard to believe that so much is sold to Africa compared to Europe or Asia or even South America. How is this possible? Japan itself is one of our largest trading partners.

    • Ralph commented on Aug 26

      Pharmaceuticals, Oil exploration equipment, Food stuffs, Farm equipment . . .

      Oh, and Weapons. Lots and lots of weapons

  3. JBJNR commented on Aug 26

    These #s must be wrong – SP500 sales to Mexico of 0.4%vs 4.1% for all of South Am cannot be correct. Mexico is the second largest Lat Am economy after Brazil. I will bet that the US #s may sometimes simply contain a North America estimate for some companies, which include Mexico and Canada, two of our largest trading partners. And on that guess, Europe may/may not contain Middle East or Africa for some companies (the classic EMEA categorization), etc. #s need to be scrubbed . . .

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