Other than U.S what countries do China and India trade their products with? and why?
Check the import and export partners in this site.
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html
Why do you think China and India have these trading partners?
thanks!
You're welcome.
China and India are two of the largest economies in the world, and they maintain extensive trade relations with numerous countries. Some of the countries that China and India trade their products with, other than the United States, include:
China:
1. European Union countries: China has a significant trading relationship with countries in the European Union, such as Germany, the United Kingdom, France, and the Netherlands. This is because the European Union possesses a large consumer market, and China exports various goods to meet the demand.
2. Japan and South Korea: China has strong trade ties with these Asian countries, exchanging a wide range of goods and benefiting from geographical proximity and complementary industries.
3. Australia and New Zealand: Both countries export vast quantities of raw materials, such as minerals and agricultural products, to China. In return, China provides manufactured goods to meet the demand in these countries.
4. Russia: China and Russia share a long border, and they have developed significant trade relations. China imports natural resources, including oil and gas, from Russia, while also exporting goods like electronics and machinery.
5. African countries: China has been actively involved in trading with several African nations, particularly those rich in natural resources. In exchange for resources like oil, minerals, and agricultural products, China offers infrastructure development, investment, and technology transfer to African countries.
India:
1. United Arab Emirates: India has strong trade ties with the UAE due to historical and geographical reasons. The UAE is a major importer of Indian products like textiles, gems and jewelry, engineering goods, and foodstuff.
2. United Kingdom: India's historical ties with the UK have led to a significant trading relationship. The UK imports various goods from India, including textiles, chemicals, vehicles, and pharmaceuticals.
3. Malaysia and Singapore: Proximity and cultural ties have fostered significant trade relations between India and these Southeast Asian countries. They exchange a range of goods, including electronics, chemicals, machinery, and palm oil.
4. Saudi Arabia: India imports crude oil from Saudi Arabia, which is a crucial supplier. In return, India exports items like textiles, machinery, and chemicals.
5. Sub-Saharan African countries: India has been strengthening its trade ties with countries like South Africa, Nigeria, and Kenya. India exports pharmaceuticals, automobiles, machinery, and other goods in exchange for African commodities.
The reasons for trading with these countries vary but are typically based on factors such as market demand, access to raw materials, geographical proximity, historical ties, and economic agreements between countries. Additionally, trade relationships can be influenced by factors like political stability, resource availability, infrastructure development, investment opportunities, and government policies.