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Trade among nations: China, US & the rest in export, import (Relevant for GS Prelims, GS Mains paper II; IOBR)

India was the world’s 20th largest exporter ($298 bn) and 11th largest importer ($447bn) in 2017.

The charts above, based on World Trade Organization data, show the world’s leading exporters and importers at a time when concerns are being raised over the impact of the tariff war between China and the United States on world trade. These two countries are the world’s largest exporters and importers, with China heading one list and the US the other.

(Adapted from The Indian Express)

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