Import and Export Analysis

Import and export analysis involves examining the goods and services that a country buys from (imports) and sells to (exports) other countries. This analysis helps understand economic health, trade balance, and market trends. A trade surplus occurs when exports exceed imports, potentially boosting a country's economy. Conversely, a trade deficit happens when imports surpass exports, which might indicate reliance on foreign products. By studying these patterns, businesses and governments can make informed decisions about trade policies, tariffs, and economic strategies to enhance growth and competitiveness in the global market.