Now Playing: 2-11-13 Marketplace Morning Report

Texas Governor Rick Perry is visiting California this week to attract companies away from the Golden State with promises of low taxes and fewer regulations. The EU's Justice Commissioner says American companies like Google and Facebook must abide by a proposed new European law on data protection or face stiff penalties. The U.S. trade deficit shrank at the end of 2012, thanks in part to higher exports. Which of world's economies depend most on exports?