Import Export Data

  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...

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 ...