Archive October 29, 2021

Understanding World Trade Import Export Data


There are many categories of World Trade Import Export, which play important roles in the overall trade scenario. Basically, there are goods which are intended for personal use and there are others which are transported as objects of commerce. Whatever it may be, the bottom line is that it has to be transported from the first country to another and then exported from the second country to the third. This means that there are different kinds of World Trade Import Export categories which have different requirements in terms of the transportation. Basically, it involves the four goods:

While the first category, goods which are generally meant for individual consumption are generally not classified as World Trade Import Export, and this is because their sale will not have any effect on the trade balance. These include items such as clothing and electronic products, and other similar items. However, a lot of changes are coming in this sector which may make this particular classification to shift in favor of the other categories. Nowadays, a lot of commodities which are used in the industrial process are being exported from countries like India, China and Japan, which in turn will have an impact on the balance of world trade.

The other categories which are included in the list of World Trade Import Export data are items which are meant to be used for the construction of machinery and structures. This includes items like steel bars, pipes, concrete slabs, etc. while electrical appliances and components are also being included in the list. The world trade import data also include the food items which are transported both internally and externally, including fish and seafood, fruits, vegetables, poultry and meats, as well as agricultural products like sugar, cocoa, tea and coffee.