Find out what is the level of openness (0-100%) and the share of exports for one or more top trading partners (0-100%) now and in the past (the longer the period, the more clear the results, so use at least a 3 or 5 years time period). Illustrate data for different EU countries with a chart (XY type): past and present. To download data for all EU countries check following resources:
– GDP from Gross domestic product at market prices, Available at: https://ec.europa.eu/eurostat/databrowser/view/tec00001/default/table?lang=en
– Trade balance, Exports, Imports from International trade by reporting country in total 2013-2019, Available at: https://ec.europa.eu/eurostat/databrowser/view/tet00002/default/table?lang=en
Compare and discuss the results. Can you identify any patterns of intra-EU trade flows? If so, can you explain it by referring to a country’s characteristics like size, wealth, cultural similarities etc.?
Check the trade balance for the selected countries. How has it changed for the chosen period?
