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Global Economic Environment

International Trade

Group 2 Neil Hamlin, Yingkai Wang,

Jiatong Cao, Yunpeng Li, Ziheng Sun

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Identif the ma!or flo"# of import# and e$port# %et

"een &ountrie#'trading %lo

Figures Oct 2012 Data Extract

Countries

Billion US $

Percentage of globaltotal

Import export

import export

EU 458 463 25.5 26.5

US 189 127

Canada 38 37

Mexico 30 30

NA!A 251 194 14 11

C"ina 148 161 8.2 9.2

#apan 72 68 4 3.9

$%&&ia 26 49 1.4 2.8

A%&tra'ia

20 21 1.1 1.2

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Con#ider trade link# %et"een triad and non(triad &

ountrie#) *he *riad a&&ount# for +- of "orld e$port# and import# *he triad i# al#o dominant in in.e#tment, %ut e.en here it# po#ition i# under &hallenge from

emerging &ountrie# #u&h a# China and India/ *he *riad i# &onne&ted "ith the great de.eloping e&onomie# like China and India and ha#

a lot of &omple$ &ooperation agreement# "ith the#e &ountrie#/ In&rea#ed interdependen&e i# indi&ated % in&rea#e# in e$&hange# a&ro## %order# of

good# and #er.i&e#, finan&ial &apital, and people/ *he dominan&e of the triad i# %eing &hallenged % the emergen&e of China, India, and

0u##ia a# "orld e&onomi& po"er# e/g/ China ha# %e&ome the #e&ond large#t trader inmanufa&tured good# after German and ahead of the 1S 3World *rade 4rgani5ation

267/ *he ma!orit of "orld trade take# pla&e either "ithin ea&h *riad mem%er or %et"een the

trading %lo&k# ho"e.er, mo#t of thi# trade i# internal i/e/ N8* i# not hea.il dependent

on trade "ith either the 91 or "ith Japan/ 4ther part# of the "orld tend to pla onl a minor role

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:

Highlight an ma!or trading partner#hip#

) World *rade 4rgani#ation ( ;+6 mem%er# on 2: ugu#t 2;2 ( *he W*4

pro.ide# a forum for negotiating agreement# aimed at redu&ing o%#ta&le# to

international trade and en#uring a le.el plaing field for all, thu# &ontri%uting

to e&onomi& gro"th and de.elopment/) N8* 1S, Canada,

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References

;/ World *rade 4rgani5ation 3267 World *rade 0eport

2/ Hamilton, L/ and We%#ter, ?/ 32;27 The International Business Environment.

4$ford= 4$ford 1ni.er#it ?re##

A/ China dail, 2;2

:/ 49CB 8igure# 4&t 2;2 Bata 9$tra&t