Trade is the most essential factor in any nation’s progress and every state makes efforts to enhance its import and export. Trading is the transfer and acceptance of goods inside and outside the country. In ancient times, various accessories became the precursors of trade around the globe. And now it has become the necessity of every nation. Through trade, the states not only exchange goods, hence the interchange of culture, ideas, knowledge, and sometimes diseases. In this blog, we are going to convey brief information about the essential basics of trade pathways around the world. It is necessary for students to get this awareness, to better understand international affairs and develop according to those dealings. Hence, we have brought explanations and significant data of the international trade routes for students.
Famous Trade Routes across the world
The Panama Canal:
It is the busiest trade and perfect man-made water route between the United States and Asia. It prevents ships from 2000 to 8000 nautical miles of every ship. It is because in the absence of the Panama Canal, every sailor has to sail around South America’s southern tip and Cape Horn to make the exchange possible between U.S and Asia.
Silk Road connects the chief ancient civilizations of China and the Roman Empire. China transfers its Silk to Roman Empire and accepts the gold, silver, and wool coming from the other side. Along with the belongings, this pathway became a reason interchange of ideas, technology and even religion. Uzbekistan is a living example of this tradeoff and it flourished with its economy and ethical values. With the fall of the Roman Empire in the 13 century, the route became dangerous and merchants stopped their raveling. It revived under the Mongols and an Italian voyager Marco Polo traveled through it again.
Salt is an important commodity for every nation and the state that possess it is worthy for every other country. Salt Route to Salaria which originates from Rome is essential among others. This passage runs from Ostia through Italy, to the Adriatic Coast.
The Old Salt Route is another necessary and plentiful corridor across Europe. It runs 62 miles from Luneberg to Lubeck and it played a vital role in providing salts to the fishing fleets. This passageway became a reason for the wealth of many regions across the trade route because they levy taxes on the merchants and wagons.
It is the busiest trade route that links Europe and the United Kingdom. It makes the interchange of commodities possible that estimated 22% from the EU and 30% to Europe with the United Kingdom. The chief items of transport are electronics such as electronics and passport equipment. The authorities have decreased the trade time from 210 minutes to 90 minutes. The vessels that want to enter English and European harbors have to cross the Dover Strait.
The major tea route that runs over 6000 miles passes through the Hengduan Mountains, Tibet, and India. Within these areas, Hengduan Mountains are the major tea production in China. This traveling pathway consists of many rivers, hence people consider it a dangerous space to travel. The merchants transfer the Chinese Tea and Tibetan Warhorses through this passageway. It’s an important lesson in history due to the increasing value of the sea trade. Though, this route regained its value in World War 2 when Japan blocked numerous seaports. Hence, Tea Route became a major interchange way between India and China.
Strait of Malacca:
The basic and most huge passageway between the Indian and the Pacific Ocean is the Strait of Malacca. Also, it is a major Shipping pathway for the import and export of Asia. This arterial shipping lane is useful for Asia’s following economies:
- South Korea
The amount of vessels that pass through this pathway is 50,000 containers per year because it carries one-quarter of the world’s sea trading. Also, the supply of oil occurs through this route because it is the shortest route between the Persian Gulf and major Asian economies. The U.S Energy Information Administration has recorded that 61% of global petroleum passes through this trade route.
This travel way is significant for China because it carries the raw material from Africa and energy products from the Middle East, to China.
People consider this route as a maritime trade pathway because it connects east with west. Europe always demands the commodities like nutmeg, cinnamon, pepper and cloves but the north Africans and Arab middlemen became a rift in this business. They made these facilities rare and expensive which resulted in sea trading of spices. They develop diplomatic relationships between the east and west and earn many benefits from this link. The Dutch and English men obtain much profit from the trading of spices in Indonesia (East Indies), specifically in the area of Moluccas (Spice Island).
Saint Lawrence Seaway:
The link between American and Canadian waters is the Saint Lawrence Seaway. This route provides small ports to facilitate merchants and protect them from struggling for the distant ports. The major commodities that travel from this passageway are iron, grain, break bulk cargo, liquid energy products, and dry bulk cargo. The number of products that this way transport is in 40-50 million tons.
Romans developed the Amber Road that links the Baltic with the rest of Europe for the sake of attaining progress. In this way, merchants perform Amber beads from the Baltic Sea because they assume it is authentic both for decoration and for medicines. Nowadays, people use them as jewels as well because they appear quite attractive when women carry them. The origination of their business is through the harvest of Amber beads from the shores of the Baltic Sea.
The fastest and thru trade routes between Asia and Europe is Suez Canal because it makes the traveling of energy commodities, consumer goods and componentry materials. The records of 2020 suggest that this way performs 12% of the trade around the globe. The shipping of oil and hydrocarbons from Asia and the Middle East to Europe has become possible due to this trading way. In other words, it transfers 8% of natural oil and 8% of natural gas. The obstruction of the Suez Canal in 2021 became a major rift in global trade because of numerous mega-ships sailing from this spot. This canal imposes tolls depending upon the container and deck.
The conflict between Russia and Ukraine has brought an obstacle in trading through this course and merchants starts taking a longer track. But this blockage of six days costs $54 billion to the industry.
To sum up, the list of trade routes will benefit the students to gather knowledge of trading across the globe. It is also helpful to produce solutions to the ongoing trading problems between multiple states. This brief description of trade routes also reflects the significance of trading for the development and strength of any nation. So whatever country the students belong to and want my assignment help UK, it is the responsibility of the reader to attain this awareness. This article is also useful if the students have received a business assignment on the topic of trade and business and need business assignment help UK. In this case, they don’t need to search out the relevant material because we have already done their task.