Import and export are the basic economic indicators showing the involvement of the concrete state into world economy. Level of economic development and prosperity of the country in many respects depends on their balance. But these indicators need to be able to be calculated correctly.
Instruction
1. Calculate indicators of import of the concrete state. For this purpose you have to have data not only on the cost of all goods, but also the price of insurance and transport costs when importing abroad. These data can be obtained on the website of economic department or service of statistics of the country interesting you. You ate do not trust these data, use information of the international economic organizations. The corresponding reports on the level of import are published, for example, by the organizations connected with the UN - the Economic Commission for Europe and Economic council of the UN.
2. Determine the amount of export as economic indicator. Unlike import, when calculating export to attention only the total cost of the realized goods undertakes.
3. Use the received indicators for the analysis of an economic situation in the country. For example, you will be able to recognize trade balance of the state by the amount of import and export. For this purpose it is necessary to subtract the first from the second indicator. As a result can the negative or positive trade balance will turn out. The second option is considered more preferable in modern economy as provides inflow of monetary resources to the state as in the form of direct income from sale of state ownership, and in an indirect look - as growth of tax revenues from the national enterprises.
4. Learn export and import quotas of the country. These coefficients expressed as a percentage show a ratio of foreign trade with internal consumption.
5. Compare indicators of import and export of various states. It will help you to understand their role in world economy and consumption. Also in addition you can count total export and import of all countries. Such data will be useful for consideration of development of world economy as whole.