NYC Data Science Academy| Blog
Bootcamps
Lifetime Job Support Available Financing Available
Bootcamps
Data Science with Machine Learning Flagship 🏆 Data Analytics Bootcamp Artificial Intelligence Bootcamp New Release 🎉
Free Lesson
Intro to Data Science New Release 🎉
Find Inspiration
Find Alumni with Similar Background
Job Outlook
Occupational Outlook Graduate Outcomes Must See 🔥
Alumni
Success Stories Testimonials Alumni Directory Alumni Exclusive Study Program
Courses
View Bundled Courses
Financing Available
Bootcamp Prep Popular 🔥 Data Science Mastery Data Science Launchpad with Python View AI Courses Generative AI for Everyone New 🎉 Generative AI for Finance New 🎉 Generative AI for Marketing New 🎉
Bundle Up
Learn More and Save More
Combination of data science courses.
View Data Science Courses
Beginner
Introductory Python
Intermediate
Data Science Python: Data Analysis and Visualization Popular 🔥 Data Science R: Data Analysis and Visualization
Advanced
Data Science Python: Machine Learning Popular 🔥 Data Science R: Machine Learning Designing and Implementing Production MLOps New 🎉 Natural Language Processing for Production (NLP) New 🎉
Find Inspiration
Get Course Recommendation Must Try 💎 An Ultimate Guide to Become a Data Scientist
For Companies
For Companies
Corporate Offerings Hiring Partners Candidate Portfolio Hire Our Graduates
Students Work
Students Work
All Posts Capstone Data Visualization Machine Learning Python Projects R Projects
Tutorials
About
About
About Us Accreditation Contact Us Join Us FAQ Webinars Subscription An Ultimate Guide to
Become a Data Scientist
    Login
NYC Data Science Acedemy
Bootcamps
Courses
Students Work
About
Bootcamps
Bootcamps
Data Science with Machine Learning Flagship
Data Analytics Bootcamp
Artificial Intelligence Bootcamp New Release 🎉
Free Lessons
Intro to Data Science New Release 🎉
Find Inspiration
Find Alumni with Similar Background
Job Outlook
Occupational Outlook
Graduate Outcomes Must See 🔥
Alumni
Success Stories
Testimonials
Alumni Directory
Alumni Exclusive Study Program
Courses
Bundles
financing available
View All Bundles
Bootcamp Prep
Data Science Mastery
Data Science Launchpad with Python NEW!
View AI Courses
Generative AI for Everyone
Generative AI for Finance
Generative AI for Marketing
View Data Science Courses
View All Professional Development Courses
Beginner
Introductory Python
Intermediate
Python: Data Analysis and Visualization
R: Data Analysis and Visualization
Advanced
Python: Machine Learning
R: Machine Learning
Designing and Implementing Production MLOps
Natural Language Processing for Production (NLP)
For Companies
Corporate Offerings
Hiring Partners
Candidate Portfolio
Hire Our Graduates
Students Work
All Posts
Capstone
Data Visualization
Machine Learning
Python Projects
R Projects
About
Accreditation
About Us
Contact Us
Join Us
FAQ
Webinars
Subscription
An Ultimate Guide to Become a Data Scientist
Tutorials
Data Analytics
  • Learn Pandas
  • Learn NumPy
  • Learn SciPy
  • Learn Matplotlib
Machine Learning
  • Boosting
  • Random Forest
  • Linear Regression
  • Decision Tree
  • PCA
Interview by Companies
  • JPMC
  • Google
  • Facebook
Artificial Intelligence
  • Learn Generative AI
  • Learn ChatGPT-3.5
  • Learn ChatGPT-4
  • Learn Google Bard
Coding
  • Learn Python
  • Learn SQL
  • Learn MySQL
  • Learn NoSQL
  • Learn PySpark
  • Learn PyTorch
Interview Questions
  • Python Hard
  • R Easy
  • R Hard
  • SQL Easy
  • SQL Hard
  • Python Easy
Data Science Blog > R Shiny > What resources are demanded in trade for European countries?

What resources are demanded in trade for European countries?

Jinsoo Kim
Posted on Jul 30, 2018

The skills the authors demonstrated here can be learned through taking Data Science with Machine Learning bootcamp with NYC Data Science Academy.

■ Background

 The European consumer goods market is the largest market, accounting for one-quarter of the world's total. Additionally, over the past few years, their industrial transformations and environmental movements have created many trade opportunities. On the other hand, this background will be one of the best opportunities for industrial countries based on large manufacturing facilities and high technologies. In this analysis, we will use trade data between European countries and South Korea to examine the trends in increase and decrease of major trade commodities and discuss the reasons.

■ Before the Main Subject

 The dataset used in this analysis is the trade data from 2000~2018 opened by Korea Customs Service and includes the import and export amount by product HS code. HS (Harmonized System) code is commodity classification number established by WCO (World Customs Organization) and used worldwide for trade activities. At present, about 5,000 commodities are classified, but in this analysis, we analyzed only 15 sections and 100 chapters in order to find out the general tendency of each commodity.

■ Data Explore

 The most major importing country was Germany in 2017. With Germany, some other major countries' the most import commodities were in Transportation and Machinery/Electrical Sections. 

Germany
UK
Russia
France


■ Looking Closer

 In Transportation Section, Import of Ship and Floating Structures was greater than Vehicles in Greece, UK and Norway. These status are seen in countries with lots of merchant ships. Recently, IMO (International Maritime Organization) tightened regulations for shipping and took effect the new regulations since 2017. So, Greece (with the most merchant ships in the world) and a few other countries needs to prepare for satisfying the regulations and increase import of environmental equipment for their ships.

Greece
UK
Norway


In Machinery/Electrical Section, The Netherlands and Western European countries have a high share of Electrical Equipment, while Russia and Eastern European countries have a high share of Mechanical Equipment. In 2018, All of EU countries adopted to achieve environmental object until 2020. As one of those efforts, some countries are considering adoption of renewable energy technologies. Especially, Spain already completed to bid for the renewable energy project (including wind power) and start to construct from 2018.

Additionally, The Netherlands has plan for installation of Wind Power Generation Facilities from 2019 to 2023. Secondly, many global automobile and heavy industry companies invested Eastern European countries for their new manufacturing bases. In case of the Balkan countries, Hungary attracted investment of Daimler, Audi, BYD and Bosch and they are building their factories. Czech and Slovakia already have many automobile and parts factories (Skoda, PSA, Jaguar and Land rover) and some makers expand their facilities for manufacturing high end and high technology cars.

Hungary
Czech
Slovakia


■ Conclusion

 Over the years, global ship oversupply has continued and order has sharply dropped. Previously, the competitiveness of shipbuilders was to build large vessels and high quality (ex. LNG) vessels. However, in addition to new environmental regulations, the company need to concentrate on developing environmental equipment such as Ballast Water Treatment Equipment and Emission Gas Reduction Equipment.

In addition, with the new power generation facilities that utilize renewable energy in some countries, Utility Machinery/Electrical Equipment and Construction Materials are expected to increase. Finally, regarding the establishment of manufacturing base of Eastern European countries, it is necessary to secure the partnerships of initial facility supply and support, parts supply and raw material supply, and to secure the market of machinery and steel products.

(Code and Shinyapp)

About Author

Jinsoo Kim

Jinsoo Kim has an engineer career in steel manufacturing. While working for POSCO, he has participated in the Smart Factory project. He holds a bachelor's degree in mechanical engineering from Inha University, South Korea.
View all posts by Jinsoo Kim >

Leave a Comment

Cancel reply

You must be logged in to post a comment.

No comments found.

View Posts by Categories

All Posts 2399 posts
AI 7 posts
AI Agent 2 posts
AI-based hotel recommendation 1 posts
AIForGood 1 posts
Alumni 60 posts
Animated Maps 1 posts
APIs 41 posts
Artificial Intelligence 2 posts
Artificial Intelligence 2 posts
AWS 13 posts
Banking 1 posts
Big Data 50 posts
Branch Analysis 1 posts
Capstone 206 posts
Career Education 7 posts
CLIP 1 posts
Community 72 posts
Congestion Zone 1 posts
Content Recommendation 1 posts
Cosine SImilarity 1 posts
Data Analysis 5 posts
Data Engineering 1 posts
Data Engineering 3 posts
Data Science 7 posts
Data Science News and Sharing 73 posts
Data Visualization 324 posts
Events 5 posts
Featured 37 posts
Function calling 1 posts
FutureTech 1 posts
Generative AI 5 posts
Hadoop 13 posts
Image Classification 1 posts
Innovation 2 posts
Kmeans Cluster 1 posts
LLM 6 posts
Machine Learning 364 posts
Marketing 1 posts
Meetup 144 posts
MLOPs 1 posts
Model Deployment 1 posts
Nagamas69 1 posts
NLP 1 posts
OpenAI 5 posts
OpenNYC Data 1 posts
pySpark 1 posts
Python 16 posts
Python 458 posts
Python data analysis 4 posts
Python Shiny 2 posts
R 404 posts
R Data Analysis 1 posts
R Shiny 560 posts
R Visualization 445 posts
RAG 1 posts
RoBERTa 1 posts
semantic rearch 2 posts
Spark 17 posts
SQL 1 posts
Streamlit 2 posts
Student Works 1687 posts
Tableau 12 posts
TensorFlow 3 posts
Traffic 1 posts
User Preference Modeling 1 posts
Vector database 2 posts
Web Scraping 483 posts
wukong138 1 posts

Our Recent Popular Posts

AI 4 AI: ChatGPT Unifies My Blog Posts
by Vinod Chugani
Dec 18, 2022
Meet Your Machine Learning Mentors: Kyle Gallatin
by Vivian Zhang
Nov 4, 2020
NICU Admissions and CCHD: Predicting Based on Data Analysis
by Paul Lee, Aron Berke, Bee Kim, Bettina Meier and Ira Villar
Jan 7, 2020

View Posts by Tags

#python #trainwithnycdsa 2019 2020 Revenue 3-points agriculture air quality airbnb airline alcohol Alex Baransky algorithm alumni Alumni Interview Alumni Reviews Alumni Spotlight alumni story Alumnus ames dataset ames housing dataset apartment rent API Application artist aws bank loans beautiful soup Best Bootcamp Best Data Science 2019 Best Data Science Bootcamp Best Data Science Bootcamp 2020 Best Ranked Big Data Book Launch Book-Signing bootcamp Bootcamp Alumni Bootcamp Prep boston safety Bundles cake recipe California Cancer Research capstone car price Career Career Day ChatGPT citibike classic cars classpass clustering Coding Course Demo Course Report covid 19 credit credit card crime frequency crops D3.js data data analysis Data Analyst data analytics data for tripadvisor reviews data science Data Science Academy Data Science Bootcamp Data science jobs Data Science Reviews Data Scientist Data Scientist Jobs data visualization database Deep Learning Demo Day Discount disney dplyr drug data e-commerce economy employee employee burnout employer networking environment feature engineering Finance Financial Data Science fitness studio Flask flight delay football gbm Get Hired ggplot2 googleVis H20 Hadoop hallmark holiday movie happiness healthcare frauds higgs boson Hiring hiring partner events Hiring Partners hotels housing housing data housing predictions housing price hy-vee Income industry Industry Experts Injuries Instructor Blog Instructor Interview insurance italki Job Job Placement Jobs Jon Krohn JP Morgan Chase Kaggle Kickstarter las vegas airport lasso regression Lead Data Scienctist Lead Data Scientist leaflet league linear regression Logistic Regression machine learning Maps market matplotlib Medical Research Meet the team meetup methal health miami beach movie music Napoli NBA netflix Networking neural network Neural networks New Courses NHL nlp NYC NYC Data Science nyc data science academy NYC Open Data nyc property NYCDSA NYCDSA Alumni Online Online Bootcamp Online Training Open Data painter pandas Part-time performance phoenix pollutants Portfolio Development precision measurement prediction Prework Programming public safety PwC python Python Data Analysis python machine learning python scrapy python web scraping python webscraping Python Workshop R R Data Analysis R language R Programming R Shiny r studio R Visualization R Workshop R-bloggers random forest Ranking recommendation recommendation system regression Remote remote data science bootcamp Scrapy scrapy visualization seaborn seafood type Selenium sentiment analysis sentiment classification Shiny Shiny Dashboard Spark Special Special Summer Sports statistics streaming Student Interview Student Showcase SVM Switchup Tableau teachers team team performance TensorFlow Testimonial tf-idf Top Data Science Bootcamp Top manufacturing companies Transfers tweets twitter videos visualization wallstreet wallstreetbets web scraping Weekend Course What to expect whiskey whiskeyadvocate wildfire word cloud word2vec XGBoost yelp youtube trending ZORI

NYC Data Science Academy

NYC Data Science Academy teaches data science, trains companies and their employees to better profit from data, excels at big data project consulting, and connects trained Data Scientists to our industry.

NYC Data Science Academy is licensed by New York State Education Department.

Get detailed curriculum information about our
amazing bootcamp!

Please enter a valid email address
Sign up completed. Thank you!

Offerings

  • HOME
  • DATA SCIENCE BOOTCAMP
  • ONLINE DATA SCIENCE BOOTCAMP
  • Professional Development Courses
  • CORPORATE OFFERINGS
  • HIRING PARTNERS
  • About

  • About Us
  • Alumni
  • Blog
  • FAQ
  • Contact Us
  • Refund Policy
  • Join Us
  • SOCIAL MEDIA

    © 2025 NYC Data Science Academy
    All rights reserved. | Site Map
    Privacy Policy | Terms of Service
    Bootcamp Application