Export Import Data - To Analyze Products Demands and Supply
Export and import are the two components of international trade. International trade can be of products or services and is the exchange of goods and services across a country borders. Some of oldest international trade routes are the Silk route, Uttarapatha, Amber Road, and Atlantic Slave Route. International trade is complicated it is affected by international events. According to import export data of 2021 that trade volume will fall by 9.2%. Experts believe the trade volume will rebound to 7.2% in 2021. Supply and demand keep international markets functioning. The import-export data help to determine quantity and price dynamics of any commodity. Importers and exporters can study the database to identify new opportunities for diversification their product portfolio or add value to the present product portfolio. The export-import data can help traders abreast of international trade trends, scrutinize a country’s export performance and improve selection of export ...