Trade Data of Top Trading Countries in the World

Trade is a concept of selling and buying products or services. Trade can take place within a country or internationally. Commodities that are sold to the international market are called exports and commodities that bought international market are called import. Import and export are vital parts of a country’s economy.

Trade data is a database of the movement of commodities across international borders. Goods can be transported through air, land, or sea. Trade data is collected from customs and port officials, trade bodies, shipping bodies, and research bodies. The comprehensive database is based on information available in various import-export documents. It typically contains the following information:-

• Date
• Importers name and address
• Suppliers name and address
• Country and port of origin
• Destination port and destination country
• HS Code
• HS Code description
• Commercial description
• Unit and Gross Unit
• Freight value
• Insurance
• Mode of Transport

According to the import export data, 80% of commodities traded are transport via ships. From the database we learn about the major ports and shipping routes in the world. Analyzes trade data we learn the top container ports in the world:-

• Shanghai Port, China
• Singapore Port, Singapore
• Shenzhen China
• Ningbo-Zhoushan Port China
• Port of Busan, South Korea

The international trade data shows that the major shipping routes in the world are:-

• The English Channel
• Strait of Malacca
• Panama Canal

Export Import data can let traders can examine the trends of exported and imported commodities. They can examine import and export patterns. In the last quarter of 2020 trade limped back to pre-covid levels. China was benefited from the recovery as it registered 5.6% growth. Both EU and the US imported goods worth 1.9% and 3% respectively.

The International trade imports and exports data can let traders the largest imported commodities and main importers and exporters. The largest importer in the world:-

• China
• The US
• Germany
• Netherland

According to the international trade imports and exports data, the top imported commodities are:-

· Electric machinery

· Mineral fuel

· Vehicles

· Pharmaceuticals

· Gems and precious metals