INTERNATIONAL INTERNATIONAL TRADETRADE

Sayed Eqbal 120633

WHAT IS INTERNATIONAL TRADE?WHAT IS INTERNATIONAL TRADE?

THE EXCHANGE OF GOODS & SERVICES BETWEENCOUNTRIES.

INVOLVES A LOT OF THINGS LIKE:INVOLVES A LOT OF THINGS LIKE:

+ JOBS + CONSUMPTION

+ THE FIGHT AGAINST POVERTY

+ NATURAL RESOURCES

+ FASHION

EXPORTS – Goods or merchandise that are sold to other countries in order to earn dollars.

IMPORTS – Goods or merchandise bought

from foreign countries.

Some terms……

TRADE DEFICIT – Occurs when value of a nation’s export is less than the value of its imports.

Exports < Imports

TRADE SURPLUS – occurs when value of nation’s export is greater than the value of its imports.

Exports > Imports

ImportanceImportance

1.Political Risk.2.War and Uncontrollable Events.3.Regulatory Risk

Limitations

International

Trade in INDIA

1. Backbone of the Indian economy. 2. Textiles and spices were the first products to be

exported by India.3. The Indian trade scenario evolved gradually

after the country’s independence in 1947.

IMPORTSIndia’s major imports comprise of crude oil machinery, military products, fertilizers, chemicals, antiques and artworks.

US $ 38242.96 million (Rs.228427.88 crore)

ExportsExportsEngineering and textile products, precious stones, jewelry, sugar, steel chemicals, zinc and leather products.

US $ 26479.72 million (Rs.158165.21 crore)

Thank you