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Definition Importance of foreign trade(imports) Importance of foreign trade(exports) Who are engaged in foreign trade? Composition of Indias imports Composition of Indias exports Inference from composition of trade Direction of imports Direction of exports Inference from direction of trade
Definition
Buying of goods and services from other countries (import) and selling of goods and services to other countries (export) is called foreign trade Special feature- Exports are a source of financing imports
9. 10.
6.7 14.6
100
2.
4. 5.
Direction of Imports
S.NO Region/Country Percentage share(2011-12)
1.
OECD countries -EU -France -Germany -UK -North America -US -Asia and Oceania -Other OECD countries
OPEC Eastern Europe Developing countries -Asia -SAARC -Other Asian developing countries -Peoples republic of China -Africa -Latin America Others/Unspecified Grand total
2. 3. 4.
5.
Direction of Exports
S.NO Region/Country 1. OECD countries -EU -North America -US -Asia and Oceania -Other OECD countries Percentage share(2011-12) 33.6 17.5 11.7 11.1 2.7 1.7
2.
3. 4.
OPEC
Eastern Europe Developing countries -Asia -SAARC -Other Asian developing countries -Peoples republic of China -Africa -Latin America Others/Unspecified Grand Total
18.5
1.1 40.3 29.3 4.1 25.2 5.8 6.6 4.4 6.5 100
5.