THE GEOGRAPHY OF TRANSPORT SYSTEMS



In billions of dollars and in % of all exports.
Source: WTO

International Trade of Merchandises, 2003

Three major poles account for the majority of the global trade, about 80% of all exports. Most of this trade is however regional in scale, particularly within the European Union (EU) where close to 62% of all exports are taking place between its members. The vastness of Asia as a statistical unit partially hides a higher level of export dependency than the 50% figure. Trade imbalances, notably between Asia and North America, are particularly prevalent.