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TRADING FAVORITES GRADES 7-12. Why would you consider trading something you have for something someone else has? Why do countries trade with one another?

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Presentation on theme: "TRADING FAVORITES GRADES 7-12. Why would you consider trading something you have for something someone else has? Why do countries trade with one another?"— Presentation transcript:

1 TRADING FAVORITES GRADES 7-12

2 Why would you consider trading something you have for something someone else has? Why do countries trade with one another?

3 AN ABSOLUTE ADVANTAGE : A county or countries that produce goods that other countries cannot produce themselves has an Absolute Advantage in trade.

4 A COMPARATIVE ADVANTAGE: When one country can produce a product or service more efficiently than other countries, they hold a comparative advantage.

5 COMPETITIVE ADVANTAGE: A market may be created based on a real or perceived advantage. Real differences may be difficult, if not impossible to detect. This perceived advantage gives a country a competitive advantage.

6 FACTORS THAT INFLUENCE TRADE Climate and Seasons Economic reasons Geographic proximity Consumer demands Cultural Practices Resource availability Research and technology Severe natural and ecological events

7 2011 Top Ten Agricultural Export Partners 1Canada18.9 Billion 2China18.8 Billion 3Mexico18.4 Billion 4Japan14.1 Billion 5European Union-279.6 Billion 6Korea, South7.0 Billion 7Taiwan3.6 Billion 8Hong Kong3.3 Billion 9Indonesia2.8 Billion 10Turkey2.5 Billion

8 2011 TOP AGRICULTURAL IMPORT PARTNERS 1Canada18.9 Billion 2European Union-2716.1 Billion 3Mexico15.8 Billion 4Indonesia4.3 Billion 5Brazil4.1 Billion 6 China4.0 Billion 7Australia2.3 Billion 8Chile2.3 Billion 9Colombia2.3 Billion 10New Zealand2.0 Billion

9 TOP 25 EXPORT COMMODITIES/PROCESSING LEVEL 1.Soybean Bulk 2.Corn Bulk 3.Wheat – unmilledBulk 4.Cotton Ex LinterBulk 5.Other Feeders & fodderSemi-processed 6.Pork Fresh/FrozenProcessed HVP** 7.Beef & Veal Fresh/FrozenProcessed HVP 8.Misc Horticulture ProductsProcessed HVP 9.Chickens Fresh/FrozenProcessed HVP 10.Other Grain ProductsProcessed HVP ** HVP – High Value Product

10 TOP 25 EXPORT COMMODITIES/PROCESSING LEVEL 11.Soybean MealSemi-processed HVP 12.AlmondsRaw 13.Rice-Paddy MilledBulk 14.Other Veg Oils/WaxesSemi-Processed HVP 15.Related Sugar ProductsSemi-processed 16.Essential OilsProcessed HVP 17.Nonfat Dry MilkProcessed HVP 18.Other Dairy ProductsProcessed HVP 19.Seed Field/GardenProcessed HVP 20.Beverages Excluding JuiceProcessed HVP 21.Other Veg ProductsProcessed HVP 22.Soybean OilSemi-Processed HVP 23.WineProcessed HVP 24.ChocolateProcessed HVP 25.Bovine Hides – WholeSemi-Processed HVP


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