Magazine article Geographical

Trade: More Than US$6trillion Worth of Merchandise Is Exported Worldwide Each Year

Magazine article Geographical

Trade: More Than US$6trillion Worth of Merchandise Is Exported Worldwide Each Year

Article excerpt

Some countries are so dependent upon exports and imports that the value of their international trade exceeds that of their Gross Domestic Product. And with globalisation, many of the wealthier countries have experienced a major increase in the scale of their international trade, which has grown much faster than their economies overall. Yet the USA, the powerhouse of the world economy and the fulcrum on which many economies balance (or come unbalanced), has a relatively low engagement in international trade. This gives the USA stability and a capacity to recover quickly from the downturn at the end of one economic cycle, ready for the start of the next cycle.

Countries with small economies, heavy trade dependence and reliance on agriculture have been hit by a change in the world market that has made fertilisers more expensive relative to agricultural products.

Reproduced from

The State of the World Atlas by Dan Smith (Earthscan 2006) copyright [c] Myriad Editions Limited www.Myriad Editions.com

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This map was taken from The State of the World Atlas by Dan Smith. To order a copy at the special price of 10 [pounds sterling (RRP 12.99 [pounds sterling]) including free UK p&p, simply call 01256 302 699, quoting ISBN 1-84407-029-8 and Code 'T03', or Offer ends 30 April 2008

Bloc trade
Trade within trading blocs
as percentage of total export
of each trade bloc
2001

European Union                        61%
Free Trade Area of the Americas       60%
Asia Pacific Economic Cooperation     73%

Note: Table made from pie chart. … 
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