its quite an easy answer: because the whole world does not have oil underneath the surface, and because the world relies on cars and things that need oil and gas to run- the countries mine for the oil they possess and sell it as an international trade.
The term most commonly associated with international oil trade is "crude oil." Crude oil refers to unrefined petroleum extracted from the ground, which is then transported and traded globally. Other relevant terms might include "oil futures" and "OPEC," both of which play significant roles in the dynamics of oil trading and pricing on the international market.
Mainly Petroleum Products, Palm Oil and Electronic Goods.
The international trade occurs because of a country can not produced every things and there are many things used by country but they can be poroduced in their geographicall area, that is produced in other country.To full fill the all wants an international trade occurs. For exam. in India there are no many source of oil, to full fill of his source it import oil from Arbian country it is called an international trade between India and Arbian country.
How specialization affects international trade?
International Trade slowed as a result of the
The term most commonly associated with international oil trade is "crude oil." Crude oil refers to unrefined petroleum extracted from the ground, which is then transported and traded globally. Other relevant terms might include "oil futures" and "OPEC," both of which play significant roles in the dynamics of oil trading and pricing on the international market.
Mainly Petroleum Products, Palm Oil and Electronic Goods.
The international trade occurs because of a country can not produced every things and there are many things used by country but they can be poroduced in their geographicall area, that is produced in other country.To full fill the all wants an international trade occurs. For exam. in India there are no many source of oil, to full fill of his source it import oil from Arbian country it is called an international trade between India and Arbian country.
1 International trade in illegal drugs @ $ 400 Billion (source: UN stats) 2 International arms trade @ $ 390 Billion 3 International energy (oil & gas) @ $ nnn? Insurance industry is in fact the world's largest.
Please don't write "which of the above" or "which of the below" if you don't provide a list.
The international trade is at peak right now. It is a sentence to show the status of trade in international market.
How specialization affects international trade?
you have to trade it
Baku International Marine Trade Port is the busiest and biggest port of the Caspian sea. It has an oil terminal as well as terminals for dry cargo.
trade in the form of local products
International Trade slowed as a result of the
The International Trade Commission was organized in 1916.