International Trade Understanding the growth and patterns of world trade is important for managers. This activity examines the direction of global trade and its relevance for International firms. From the list of statements about international trade choose the one that best matches the terms on the right. Trade Deficit More than half of exports from developing countries go to developed countries Trade Surplus A significant amount of trade occurs within trade areas Relevance of Major Trading Partners for Managers Favorable business climate exints in importing nation Regionalization of Trade Mexico and Canada Major V.8. Trading Partner 4.5. trade relationship with China, Direction of Trade Value of exports exceeds value of imports