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Trade in the Contemporary World

Global trade patterns: inter-regional and intra-regional flows

  • 3 things to know
  • Component 02

Overview

Recall questions on inter-regional and intra-regional trade, Europe's high intra-regional share, China and the United States as the largest exporter and importer, East Asia to North America flows, the triad, distance and the gravity model, oil flows, seaborne trade, Asian supply chains, and Africa's small share of exports.

What you need to know

Answer each one before you reveal it.

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Key term

Explain why intra-regional trade within Asia has grown so quickly.

Key term

What is meant by inter-regional trade?

Key term

Define intra-regional trade.

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What is meant by inter-regional trade?

    Model answer

    Inter-regional trade is trade between countries that lie in different world regions, such as electronics moving from East Asia to Europe.

  2. 2

    Define intra-regional trade.

    Model answer

    Intra-regional trade is trade between countries within the same world region, such as Germany selling machinery to France.

  3. 3

    Which world region has the highest proportion of intra-regional trade, and why?

    Model answer

    Europe, because the single market removes tariffs and border checks between many wealthy neighbouring economies packed closely together.

  4. 4

    Name the world's largest exporter of merchandise.

    Model answer

    China is the world's largest exporter of merchandise goods.

  5. 5

    Name the world's largest importer of merchandise.

    Model answer

    The United States is the world's largest importer of merchandise goods.

  6. 6

    Describe the typical composition of the trade flow from East Asia to North America.

    Model answer

    East Asia mainly ships manufactured goods such as electronics, clothing, machinery and vehicles, while North America sends back agricultural products, aircraft, chemicals and services.

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