Industrial output includes exports, $1 trillion (approx.) a year. You cannot be claiming that it's so insignificant that it can be safely ignored.
rudeboy, we are shooting and not hitting anything here...
Industrial output, as you state is one trillion a year... Great!! But there is also no denying that post 293 has a lot of merit here.
This trillion dollars is again, great! But the trade deficit takes away from this, which also cannot be denied...