If you've ever bought something from another country or sold something you made to people in other countries, then you've participated in international trade. International trade happens when one country exports (sells) goods or services to another country. The import export data shows that the Terms of trade is an important concept in international economics that impacts the costs of trade between nations. Basically, it looks at the relationship between a country's export prices and import prices. The terms of trade measures how much a country has to pay for the imports it receives in exchange for the exports it sells. A Higher Terms of Trade Ratio is Better The terms of trade is calculated as a ratio of a nation's export prices divided by its import prices. A higher terms of trade ratio is considered better because it means the country can afford to import more goods and services in exchange for each unit of exports it sells abroad. For example, if a c...
Siomex India trade data discusses information on the flow of goods and services across international borders, typically collected by national statistical agencies and trade organizations.