People of the UK Paper 1 Module 2

People of the UK Paper 1, Module 2

How is the UK connected to other places? Focus Task 04 March 2021 What does the UK mainly export?

Key Term Definition Import The value of exports is greater than imports Export The purchase of goods from another country Trade The selling of goods to another country Trade Surplus The value of imports is greater than exports Trade Deficit The exchange of goods and services between countries Key Terms Match up the key terms to their correct definition.

Key Term Definition Import The purchase of goods from another country Export The selling of goods to another country Trade The exchange of goods and services between countries Trade Surplus The value of exports is greater than imports Trade Deficit The value of imports is greater than exports Key Terms Match up the key terms to their correct definition. The UK has a trade deficit of £ 2 billion per year.

How reliant are we? https: //www. youtube. com/watch? v=KJ 3 uw. PHUV 9 w

Why import and export? Answer the following two questions. 1. Why do countries import goods? 2. Why do countries export goods?

Why import and export? Countries import because… • Goods or services that are either a. essential to economic wellbeing or b. highly attractive to consumers but are not available in their own country. e. g. Japan, has no oil reserves of its own, yet it is the world’s fourth largest consumer of oil, and must import all it requires. • Goods or services that satisfy domestic needs or wants can be produced more inexpensively or efficiently by other countries, and therefore sold at lower prices.

Why import and export? Countries export because… • Individuals and firms have been able to produce more goods and services than can be used at home. This prompted a search foreign opportunities to sell the “excess” production. • Individuals and firms have been able to sell goods or services to other countries at prices higher than the prices they can obtain in their own country.

Create a bar chart showing UK imports. Country Imports (£bn 2014) Germany 56 Netherlands 34 USA 32. 1 China 31. 6 France 24. 8 Belgium 20. 8 Irish Republic 18. 2 Norway 16. 8 Italy 15. 2 Spain 12. 5 Top 10 trading partners for imports to the UK (2014) Calculate the mean UK import value (£bn) UK imports Look at the top 10 trading partners for imports to the UK. Are there any patterns? • Dominance of imports from the EU, in particular Germany. • USA and China also very important trade links. • What will be mainly imported from Germany? Why? • What will be mainly imported from China? Why?

Create a bar chart showing UK exports. Country % exports by value United States 11. 8% Germany 9. 8% Netherlands 7. 4% Switzerland 6. 6% France 5. 9% Ireland 5. 9% China 5. 1% Belgium 4. 1% Italy 2. 8% Spain 2. 8% Top 10 UK export countries (2014) UK exports Look at the top 10 trading partners for exports from the UK. Are there any patterns? • USA is main export, most of UK’s exports go to Europe. • Exports to China are increasing, and to the UAE.

Exam Question Describe the pattern of imports into the UK. [4] Key Words

Mark Scheme Key Words The majority of imports into the UK come from countries that are part of the European Continent, 13/20 of the countries are European and together they account for over £ 232 billion of imports. Germany is the UK’s most significant importer of goods from within Europe with over £ 56 bn in imports, but the USA and China also import large amounts.

Exam Question Describe the pattern of imports into the UK. [4] Key Words

Mark Scheme Key Words The majority of imports into the UK come from countries that are part of the European Continent (8 out of top 10), and together they account for over £ 232 billion of imports. Germany is the UK’s most significant importer of goods from within Europe with over £ 56 bn in imports, but the USA and China also import large amounts.

Quick Quiz 1. Define the terms: trade, imports, exports and trade deficit. 2. Germany is the most important trading partner of the UK. True or false? 3. Why has trade with China increased in recent years? 4. Why is petroleum an important import to the UK?

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