The UK's major trading partners (copy)
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11 Terms
What is trade?
the exchange of goods & services between countries
What are imports?
goods that are purchased & transported into 1 country from another country
What are exports?
goods that are sold & transported from 1 country into another country
What is trade deficit?
the amount by which a countries imports exceed the value of their exports
What is trade surplus?
the amount by which a countries exports exceed the value 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
Note 
Flashcards (110)