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What is trade?
the exchange of goods & services between countries
What are imports?
goods purchased & transported into one country from another
What are exports?
goods sold & transported from a country into another
What is trade deficit?
the amount by which a country’s imports exceed the value of their exports
What is trade surplus?
the amount by which a country’s exports exceed the value of their imports
Who are the UK’s main trading partners? (2014)
- European Union (EU)
- USA
- China
- Commonwealth
What are the top 5 countries that the UK import from?
- Germany
- China
- Netherlands
- USA
- France
What goods does the UK import?
- cars
- electrical items
- clothing
- petrol
What are the top 5 countries that the UK export from?
- USA
- Germany
- Netherlands
- Switzerland
- France
What goods does the UK export?
- engineering
- oil
- vehicles
How the UK’s trade be displayed?
- proportional circles
- bar charts