In 2014, China kept its position as the world’s largest exporter of goods for the sixth consecutive year. China's share of world exports has exceeded 12.3% - is a new record in history. United States, being the second largest merchandise exporter in terms of gross value, is the largest importer also. Net imports of goods in the US is the largest in the world in nominal terms. In 2014 net imports of goods in US was $787 bln, $610 bln more than the second-largest world’s merchandise net importer – United Kingdom. The third world’s country by the amount of net imports is India (143 billion dollars as of 2014).
Japan, which was on the top of the ranking of world’s net exporting countries 30 years ago, in 2011 became a net importer of goods for the first time since the early 1980s. By the end of 2014, Japan's net imports increased to 138 billion dollars and the country has become the fourth largest in the world in terms of merchandise net imports.
Explore how the structure of the world’s exports and imports has changed over the years. Select the country, geographic region or country group in the list to see the trends on the graph below the page.
Development of travel industry leads to benefites in different sectors. For exapmle, huge number of travalers usually increase in demand of souvenirs . It also can be rise in sales in real estates. It dependes positively on economy. On the other hand, if residents of some country spend a lot for tourism it denotes contry's wealth.
Until the liberalisation of 1991, India was largely and intentionally isolated from the world markets, to protect its economy and to achieve self-reliance. Foreign trade was subject to import tariffs, export taxes and quantitative restrictions, while foreign direct investment (FDI) was restricted by upper-limit equity participation, restrictions on technology transfer, export obligations and government approvals; these approvals were needed for nearly 60% of new FDI in the industrial sector. The restrictions ensured that FDI averaged only around $200 million annually between 1985 and 1991; a large percentage of the capital flows consisted of...