"Ninety-five percent of our wool is going to China"

This quote by Jim Elliot suggests that a large majority of the wool produced in the nation is being exported to China. This could be a sign of a number of things. It could imply that the need for wool in China is high, which the country is willing to pay a premium for the item. It might likewise suggest that the expense of production in the country is lower than in China, making it more successful to export the wool. It could also recommend that the country is not able to meet the demand for wool locally, and is depending on imports from China to satisfy the demand. Whatever the factor, it is clear that a large portion of the wool produced in the country is being sent out to China. This might have a considerable influence on the regional economy, as the money spent on the wool is not being reinvested in the country.