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Question 1
Analyse the data shown in Figure 1. Figure 1 shows the leading international trade partners and their pattern of trade with each other in 2013. The lines are drawn... show full transcript
Step 1
Answer
The infographic provides a comprehensive view of global trade relationships, particularly highlighting Germany's trade dynamics. One notable insight is that Germany has significant trade links with North America, especially the USA, which plays a crucial role as an export destination. Furthermore, over 75% of Germany's exports go to countries in Europe, indicating a strong regional dependency in trade.
Additionally, countries like China and Canada emerge as major trade partners, showing robust exchange in exports and imports. The varying line thicknesses exemplify the volume of trade between Germany and these partners, with thicker lines indicating a higher volume.
Another point to consider is that Germany has fewer connections with regions like Africa, where minimal trade is highlighted. This can suggest missed opportunities in expanding trade with emerging markets, given the broader scope of potential partners in those regions.
Step 2
Answer
Quantitatively, the lines representing Germany’s trade with the USA and China are particularly prominent, signifying high trading volumes. On the qualitative side, such strong connections suggest a mature trading relationship, characterized by substantial mutual economic benefits.
However, the data also hints at an overshadowing focus on the EU for German exports, which could pose risks if economic conditions change in these regions. Fostering stronger ties with underrepresented regions could be a strategic move for future growth.
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