Why is Import Export data Important?

Eve Eve Every Nation in the world is involving itself in the trade of import-export business for the want of having good economic strength and stability and for also maintaining a cordial relationship with nations across the globe. Billions of goods and products are traded on day to day basis to meet the every growing demand which in the end helps nations to concentrate on commodities that they are best at exporting and benefit from getting cheaper products by importing products that’s not produced in their nation. Few top line commodities like Smart phones, electronic gadgets, gold, natural gas, and silver, Petroleum, Automobiles, edibles and many more are regularly traded across in high volumes to meet the changing tastes and behavior demand. The apex 3 largest traded products across the globe: Petroleum (Refined): As per the global import export data , refined petroleum is the 3 rd largest traded commodity in the world and is majorly imported by China, UK, UAE, Sin...