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INDIA SURPASSES RUSSIA IN IMPORTING ARMS WORTH CRORES DURING 2018-2022

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DEFENSE INDUSTRY OF INDIA Defense is one of the crucial prerequisites that a country needs to protect itself and its people from overseas attacks or invasions. In the current scenario, the Global market for defense personnel is on the rise and already has a significant contribution to the Global Trade Data which is yet to grow and is expected to touch USD 2 trillion by 2026. Now, let’s focus on the Indian Defense Industry statistics. The defense or military sector of India is one of the most important and prominent sectors of the nation. India is equipped with the world’s largest, biggest, and most powerful military forces that include almost 1.45 million active and trained soldiers, personnel, and backup forces. Every year India sets a budget that is solely dedicated to the Indian brave soldiers and defense sector which was INR 4.8 lakh Crores in the year 2021 which roughly translates to USD 60 billion. With this, the defense sector budget of India becomes the World’s third most ...
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CHINA IMPORT EXPORT DATA CONTINUES TO GROW FURTHER: ANALYTICAL REPORT

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An official statement released by the commerce department of China states that the Import Export Data to and from China is on a growth front and will continue to grow in upcoming years also. Currently, China is highly focusing on the foreign investments made by different countries and investors around the world so as to build healthy relations with all and boost its trade relations. Wang Wentao, who is the commerce Minister of China says that China is ready to fully cooperate with its investors and partners in order to attract more foreign deals and proposals. All these proceedings and statements were made after it was observed that China Import Export Data was declining in the initial months of 2023 as compared to the initial months of the year 2022. The past 5-year trend of China Export Import Data is as follows: CHINA EXPORT IMPORT DATA (2018-2022) YEAR EXPORTS IMPORTS REMARKS 2018 USD 2.49 trillion...
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BENEFITS OF MAINTAINING IMPORT EXPORT DATA UNCOVERED

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  ABSTRACT Overseas trading, also known as the international trading of goods and services is a type of business in which various types of goods and services are sold from one country to another in exchange for money. When a good goes out from a country, it is called an export and when any good comes into the country it is termed an import. It is necessary to maintain a proper trade balance between the two so that imports never exceed exports. Every transaction is recorded in a consolidated report called an Import Export Data report. Each country is suggested to import and export goods as it helps to build strong economic relations with other countries and moreover facilitates the adequate supply of a good whose demand is high in any nation. If we talk about the contents that are available in Import Export Data of a country which helps to keep a track of total imports and exports in a year, then they are as follows: ·         Name and cont...
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THE PHILIPPINES EXPORT DATA AND VIETNAM IMPORT DATA

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Vietnam to Next Level ABSTRACT In this blog, we will uncover some of the recent facts and figures about the international trading scenario of the two major Asian countries – the Philippines and Vietnam. We will try to analyze the current facts and the trends followed by both countries with respect to the Philippines Import Data and Vietnam Import Data respectively. We will try to understand what a trade gap is and whether any steps are taken by the Philippines to reduce it or not. Following this, we will discuss how Vietnam imported the highest number of automobiles in the year 2022 by studying Vietnam Import data for that year. THE PHILIPPINES TRADE GAP NARROWED IN 2021 Trade Gap is a condition where a nation tends to buy more goods from other countries as compared to selling them. In simple terms, the trade gap arises when the expenses made on procuring goods become more as compared to the income generated through selling the goods. After studying the Philippines Export ...
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