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Mind you, this 'new feature' is not good at all. Cause the AI will usually export the resources that you needed the most while leaving the surplus stuff untoched. It screwd my whole production line that way and I could do nothing about it.
You don't get to approve or reject trade deals (as it's governments purchasing from private businesses) and it doesn't notify you when it happens. I was surprised as Germany to find out that after a year or so I had 7 factories from trade. I can't remember which screen it was on. Construction perhaps?
Regardless, countries other that the USA and USSR can certainly benefit from trade.
It sells everything at the same %.
If you have limited trade, which exports 25% of your resources, it will export 25% of your steel, 25% of your oil, 25% of your rubbers etc. It won't do difference %'s of each.
For instance I'm Germany with that trade law and I make 90 oil (more once I conquer Romania!) I export 22 because 90/4 = 22.5. I have 615 steel and export 154 because 615/4 = 153.75. So on and so forth with all the others.
If I wanted more resources I could go to the closed economy and I'd export 0% of my resources, absolutely nothing! If I felt I had too many resources to use myself, I could change to Free Trade or Export focus which would export more but give me bonuses to construction, research, etc.
It sounds like you need to downgrade your trade law a step or two, that or just import what you need.
So unless you're playing one of these three, the entire Trade system is useless at BEST, and at worst, will devastate your production capabilities if you go Free Trade.
Being unable to restrict the export of specific goods in relation to others is correct, but the rest is wrong.
Different countries have different trade relations with one another based on relations, factions and ideology. People won't buy from the USA, USSR and UK just becuase they have the most, they'll buy from countries they have the best relations with. What does it matter to someone who needs to buy 8 oil whether the person they're buying it from is exporting 20 or 200 oil?
As Germany I've been selling a fair amount of my resources and getting the civilian factories for them in return.
Playing as Germany in 1939 (starting 1936) and as well as the above I've also got Sweden, Cuba, France, Japan, Nat Spain, Belgium, Hungary, Chile, Nat China, Italy, British, Raj, Finland, Greece, Turkey, Argentia, Luxemborg and Germany itself exporting and that's JUST those that are exporting steel. I don't want to go down each and every list and cross reference against the ones I've already done (although at a glance I can see Portugal exporting Tungsten, Brazil exporting rubber, etc).
Are you sure you're reading the tab correctly? It's not 'Delivered' you need to look under, which is just what is exported specifically to you, but any country whose number on the left hand side of the export column is smaller than the number on the right (taking into account whatever is delivered to you)
Here's a screenshot of rubber as an example, mostly just because only a few countries have access to rubber:
http://i.imgur.com/zvz41lP.png
Brazil, Netherlands, UK, France, Siam and British Raj are all trading rubber. 8 of the rubber Brazil is trading comes to me, but that only accounts for half of the 16 rubber it is trading so it is also trading to someone else (Argentina, which I can see when I hover the mouse over it).
Well no, that would defeat the purpose. You, as the government, don't get to decide what happens to resources extracted by companies in your country (unless you choose the 'closed econmy' law). All you can do is dictate how big the government's share of those resouces are.
If you could simply chose a trade law which was "trade away all the things i'm not using" it would be the only thing anybody ever chooses.
Also think of the math. If you are producing 32 oil and 200 steel, but you need 20 oil and 100 steel, what would happen in a 'limited exports' law? That law causes 25% of your production to become available for trade (reserving 75% for the government). So you trade away 8 oil for a civilian factory to a neighbor, and then use that extra civ factory to trade and get 8 oil back from someone else. You can then probably get at least 2-5 civ factories from people buying your steel. The trade system is a net win for everyone, much like real life.
No USA and USSR have free trade, at the start of the game we only have access to 20% of our resources. So yes you can get my iron and oil or what i have tons of, but i get your factories hehehehahaha thanks for that i need more shipyards.