Q. 6 B5.0( 1 Vote )

Answer in detail:

Give an account of the world’s Major trading regions.

Answer :

Major trading regions of the world include:


Europe- the exports in this region is mainly the finished and semi-finished products. Imports are basically industrial raw materials. Europe is highly industrialized regions and shares about 30% volume of trade.


North America- USA together with Canada export machinery, automobiles, chemicals, and other products.


Latin America- together are Caribbean islands and central and South American countries. They are exporters of foodstuffs and raw materials and import manufactured goods.


Africa- African countries are exporters of mineral ores and tropical raw materials. They import manufactured goods.


Asia- they export raw materials and minerals. They export manufactured goods except Japan.


Australia- Australia exports agricultural products and minerals. They import food grains, petroleum and machinery.


Canada and Sweden - paper and pulp exporters.


Middle east and gulf countries- oil exporters


Malaysia- rubber and tin exporter.


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