Describe the major commodities of import and export in Asia and Europe. (Answer in 12 to 15 lines)
Answers
Countries export those commodities which are available more in their place and import the commodities which are less in availability but are of high demand.
According to this fact, Asian countries are rich in raw materials and minerals, countries in Asia export various kinds of food ingredients, minerals, etc.
In ancient day, the trade was mostly through waterways and the export commodities are silk, cotton, aromatic products, etc.
All Asian countries except Japan are importers of manufactured goods.
Even though Japan has less production of natural resources, they are not much into import because they concentrated mainly on educating the labours than importing all the products from other countries.
Europe is one of the most densely and highly industrialized regions that has the largest volume of trade.
The exports from this region are mainly finished and semi-finished products.
They mostly import industrial raw materials. The export commodities from Europe are engine, electrical goods, fashion goods, etc.
Some of the major countries which involved in export and import in Asia are Hong Kong, South Korea, Japan, and China.
Mostly all the countries in Europe are involved in export and import.