PRODUCTS CURRENTLY BEING EXCHANGED BY EUROPEANS AND ASIANS - CULTURE VOCABULARY - 2025

Among the main products that Europeans and Asians exchange today, raw materials, food and electronic items stand out. Europeans and Asians make up an important commercial society.

Trade between European and Asian countries dates back centuries. What was initially an exchange of spices and gemstones has evolved. Today this exchange has adapted to the rules of modern world markets.

Most of the products they sell are of two types: raw material and industrialized products.

The manufacturing capacity of many Asian countries is well known; China, Japan, Taiwan and South Korea are major suppliers of finished goods for Europe and the world. Such raw material is of all kinds; the automotive, textile and footwear sectors stand out.

Exchange of products between Europeans and Asians

The ancient trade route known as "The Silk Road" was the first exchange route that laid the foundations for trade relations between Europe and Asia.

Although now extinct, its main Asian participant, China, continues to be the leading reference for European exports to Asia.

European exports to Asia

The European Union is the world's largest exporter of agricultural and food products. By 2015, its exports exceeded 130 billion euros. Of its 5 largest clients, 3 are from Asia: Russia, China and Saudi Arabia.

This exchange of products has been increasing in recent years, reflecting the good results of trade between the two continents.

Apart from food, textile articles, beverages, chemical elements and the like are Europe's largest exports to the Asian continent.

Asian exports to Europe

Many companies, both European, Asian and American, have manufacturing plants for their products in various Asian countries.

In this continent, outsourcing by foreign (and local) companies is quite common.

Asia is home to many of the world's most iconic consumer electronics brands.

Samsung, LG, Panasonic or Sony are famous Asian companies around the world; all export large quantities of finished goods to Europe.

Many other brands such as Apple, HP or Motorola manufacture their products in Asia for direct export to European countries.

The raw material is also an element that represents a high percentage of Asian exports to Europe.

The automotive, textile, electronic, electrical components and iron ore sectors are the group of raw materials exported by Asia.

All of Asia is based on economic export models. For example, China is the world's largest export economy. Its total exports in 2015 are estimated to be 2 trillion euros.

Sectors of trade between Europe and Asia

Between these two continents there is the exchange of a large number of products and raw materials. The most important sectors are:

Raw material

Asia sends multiple items to Europe for the production of final articles. This raw material includes automotive parts, integrated circuits, iron ores and their concentrates, diodes and transistors, and jewelry.

Food and agricultural products

Europe exports fruits, vegetables, meat, fish, beverages, spirits, sausages and processed foods to Asia.

Finished items

Consumer electronics, computers, automobiles, industrial equipment parts, and agricultural machinery are Asian exports to the European continent.

References

1. China (2015). Retrieved on September 24, 2017, from the Observatory of Economic Complexity.
2. EU agri-food exports maintain strong performance (June 21, 2017). Retrieved on September 24, 2017, from the European Commission.
3. Import and export (sf). Retrieved on September 24, 2017, from European Union.
4. Eastern Europe and Central Asia (nd). Retrieved on September 24, 2017, from the International Trade Center.
5. European Union, new world agricultural export leader (June 23, 2014). Retrieved on September 24, 2017, from El Economista.
6. International merchandise trade (March 2017). Retrieved on September 24, 2017, from European Union.
7. Growth challenges for Asia and Europe (May 15, 2014). Retrieved on September 24, 2017, from European Central Bank.
8. Gordon G. Chang (January 12, 2014). Is China Really The World's No. 1 Trader? Retrieved on September 24, 2017, from Forbes.