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Countries export some products and import others because sometimes it is cheaper to buy than to produce. There is warm climate and much vegetation in Australia. This is very good for sheep-breeding, and Australia exports much high-quality wool. Taiwan has many skilled technicians and so it produces radios, television sets and other electronic products for export. Canada’s climate is good for wheat, and Argentina is a low-cost producer of meat. Canada ships its wheat to Argentina and Argentina sells its meat to Canada. Both countries profit by these import-export transactions. Very few countries do not take part in international business.