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Global Trade Data

International Trade – The Import-Export Effect on Economic Growth

In international trade, imports are when a country purchases goods, while exports are when a country supplies goods. Both terms play an important role in the global economy. Consumers are used to seeing products from every corner of the world, whether local grocery stores, retail shops, or importing across international borders. The difference between the value of imports and exports is known as the balance of trade.
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Russia Ukraine Trade Data

Russia vs Ukraine – Trade Comparison with Import Export Data

Russia has undergone significant changes since the collapse of the Soviet Union. From a globally-isolated, centrally-planned economy, Russia has moved to a more market-based and globally-integrated economy. After Russia, the Ukrainian Republic was the most important economic component of the former Soviet Union. Ukraine is majorly dependent on Russia for energy supplies, including natural gas and crude oil.
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Russia Ukraine Export Data

Wheat Exports from Russia and Ukraine – Global Wheat Supply

Russia is the world’s largest wheat exporter, accounting for 18% of international exports and Ukraine is the fifth-largest wheat supplier, accounting for 8% of global exports. As Russia attacks Ukraine, global wheat supply may hit. Economic sanctions or military action could have a significant effect on the cost of food as importers seek to find alternatives. Let’s take a look at the Russian and Ukrainian markets of wheat and the possible impact on global wheat supply from Russia’s full invasion of Ukraine.
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Japan Trade Data

Japan's Trade Surplus Narrowed For 2021, Despite Soaring Trade

Japan’s trade surplus 2021 has narrowed down in comparison to the 2020 trade balance. While Japan imports and exports rose in 2021 higher than the imports and exports of 2020, the trade surplus is narrower than the trade surplus recorded in the year 2020. Japan’s economy is growing well so far, but the rising consumer price index is raising doubts over the pace as Asia-Pacific markets have been severely hit by the increasing rate of inflation.
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