import export data provider - TradeImeX

1. HOW IMPORT EXPORT DATA AFFECTS THE ECONOMY OF A COUNTRY According to a new market study, it has been seen and proven that consumers are nowadays looking for their desired products in overseas markets. Due to the multiple choices that consumers get by looking into overseas markets, they tend to import that product in their country for themselves as they find it cheaper or equivalent to the products available in their domestic market. As this trend is rapidly growing across the globe, it is leading to excessive imports in the country than exports which are disbalancing the balance of payments and showing uneven fluctuations in Import Export Data of each country. When there are more imports than exports in a particular country, then there is a chance of currency devaluation, leading to GDP degradation. It is advisable to maintain a proper Bop and balanced to increase a country's GDP, maintain the exchange rate, keep inflation under the limit, and maintain respectable economic interest rates. EFFECT OF IMPORT EXPORT DATA ON GROSS DOMESTIC PRODUCT To check the health of a country’s economy, every country strives hard to boost its GDP. A country with high GDP rates attracts more foreign investors and companies to invest in the country. Import Export Data plays a very vital role in calculating the GDP of any country. As the formula for calculating GDP says, GDP=C+I+G+(X-M) where X and M denote total exports and imports respectively that are done in one fiscal year. From the formula we can easily interpret that to have a growing GDP, exports should be more than imports otherwise the value of GDP will shrink and hence decline. When exports are shown in Import Export Data of any country as more than imports then it is a situation of a trade surplus which means that the country’s industries and factories are working optimally with their full potential but when the situation reverses, it leads to an opposite scenario. As every argument has a ‘but’ factor, this argument also comes with a cache. The point to be noted is that there is a certain limit up till which imports can be

2. reduced. If the imports are reduced more than the limit, this is also not a good sign for the economy. It represents that foreign economies are in a good state than the domestic economy. On the other hand, if exports fall beyond a certain limit and imports increase over a limit, then it indicated that the domestic economy is far better than foreign economies. For example, if we look at the US market, it is experiencing inflation due to a lack of exports and an abundance of imports in the nation. To curb this problem, US authorities have reduced imports to a much greater extent to reduce the outflow of money and bring the US Import Export Data to a respectable mark. HOW IMPORT EXPORT DATA IMPACTS EXCHANGE RATES There is a very peculiar and complicated connection between imports and exports mentioned in the Import Export data and the exchange rates. Basically, the exchange rate affects trade surplus and deficit. If we talk in simple terms, if there is a trade agreement between a weaker currency and a stronger currency then the country with the weaker currency will find imports more expensive than exports and vice versa for the country with a stronger currency. For example, If the USA tends to export any electronic gadget to India, then India will find the price of the product to be expensive by almost 5 times due to the exchange rates levied on that product. HOW TO TRACK IMPORTS AND EXPORTS To keep a check on the imports and exports of a country, one has to refer to the country’s import export data report or the trade balance report which is unique to every nation. This report is released by many countries after every month like the USA, and Canada, they release their reports within a span of the first 10 days of a month. All information is provided in the Import Export Data provider of each country including the major imports, exports, biggest import and export partners of a country, etc. Insights on future trends are also mentioned in these reports so that traders and marketers across the globe can take the necessary decisions to expand their markets and grow their profits.

3. OUR ONLY ADVICE FOR YOU If you want personalized analysis and guidance about import export data or global trade data of any country, then get in touch with TradeImeX® Info Solution Private Limited. TradeImeX® Import-export data provider strives to deliver accurate global trade data to people of more than 70 countries. We are responsible to grow your business and profits after you get associated with us. We guarantee that we are equipped with the latest insights and trends about every country’s Import Export data and global trade data. FOR MORE INFORMATION: For more info: - Vietnam import data Vietnam export data Vietnam trade data turkey import data turkey export data turkey trade data Philippines import data Philippines export data Philippines trade data Export import data provider Global trade data provider import-export data best import export data

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