The Patterns of World Trade - Analyst Insight from Euromonitor International | Legal Transcription | Scoop.it

The visual highlights the intricate web of global trade. While a part of the world’s trade in goods can be described as truly global, regional trade accounts for a very important share of overall global trade. Some 70% of the trade of European Union countries, for example, was within the European Free Trade Association area in 2013. Similarly, nearly 49% of North American trade was within NAFTA.