The concentration index of exports estimates a country’s reliance on a limited group of commodities as its primary source of foreign exchange income. Ranging from 0 (perfect diversification) to 1 (concentrated on a single product)*, a comparison of index scores to the contribution of natural resources to GDP worldwide shows that countries that are resource-rich tend to have less diversified export bases.
Export concentration is a concern for economic planners worldwide but less so in most developed economies which tend to maintain more diversified export profiles. In fact, the world's leading exporters of particular products are not concentrated on the export of those same products, decreasing their vulnerability to changes in global demand and the corresponding ebb and flow of export earnings that bring in foreign exchange.
*The index is calculated as a sum of squared shares of products constituting a country's exports.
Trade is one of the key measure and major indicator of economy. Historical experience proves that imposing in country strong autharky leads to many problem. So, nowadays trade is a important part of GDP. Investors, politics and others analyze information about export and import before make thier desicions. Penetration of foreign companies on the local market usually increase competition and thefore the quality of product and services. Event holder: OECD
The topmost decision-making body of the WTO is the Ministerial Conference, which usually meets every two years. It brings together all members of the WTO, all of which are countries or customs unions. The Ministerial Conference can take decisions on all matters under any of the multilateral trade agreements. The Ministerial Conference, which is attended by trade ministers and other senior officials from the organization’s 164 members, is the highest decision-making body of the WTO. Under the Marrakesh Agreement Establishing the WTO, the Ministerial Conference is to meet at least once every two years. The last Ministerial Conference took...
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...