Import and Export Data of Top Trading Countries

Import and Export Data are the two components of international trade. Countries import goods or services when they procure them from other countries and export is the sale of goods or services to other countries.

Countries import goods when resources are scarce or there are cheaper or better alternatives available overseas. Exports Data can help earn revenue for countries and improve the profit margins of companies. You can learn a lot about a countries consumption patterns by studying the Export and Import Data of the country.

Countries use Export and Import Data to identify their leading trading partners. The governments use the data to predict taxes that can be generated from imports or exports. They use the data to gauge the effectiveness of the economic and industrial policy. Countries use Import and Export Data during international trade negotiations. Statistical bodies use the data to analyze growth potential and risks of investing in a country.

Buyers and sellers use Export and Import Data for an in-depth insight into the trading activities of importers and exporters and shortlist traders based on the analysis. They use data to examine the trading activities of their competitors.