Strategically located near highly populated trading partners including China, Pakistan and Bangladesh, the Republic of India shipped US$323.1 billion worth of goods around the globe in 2018. That dollar amount reflects a 1.7% improvement since 2014 and a 9.2% gain from 2017 to 2018.
Based on estimates from the Central Intelligence Agency’s World Factbook, India’s exported goods plus services represent 19.1% of total Indian economic output or Gross Domestic Product. That metric includes re-exports. The analysis below focuses on exported products only.
From a continental perspective, almost half (49.3%) of Indian exports by value were delivered to fellow Asian countries. Another 19.3% was sold to European importers while 18% went to North America. Smaller percentages went to Africa (8.3%), Latin America (2.9%) excluding Mexico but including the Caribbean, then Oceania (1.3%) led by Australia.
Given India’s population of 1.297 billion people, its total $323.1 billion in 2018 exports translates to roughly $250 for every resident in the vast South Asian country.
India’s unemployment rate was 6.1% for 2018, according to Trading Economics.
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Located in the Southeast Asian Indochinese peninsula, the Kingdom of Thailand shipped US$249.8 billion worth of goods around the globe in 2018. That dollar amount reflects a 9.8% gain since 2014 and a 5.8% increase from 2017 to 2018.
Based on estimates from the Central Intelligence Agency’s World Factbook, Thailand’s exported goods plus services represent 68.2% of total Thai economic output or Gross Domestic Product. Please note that the overall value of exported goods and services includes a sizable share of re-exports. The analysis below focuses on exported products only.
From a continental perspective, about three-quarters (65.1%) of Thai exports by value are delivered to fellow Asian countries while 12.9% are sold to North American importers. Thailand ships another 11.6% worth to Europe and 5.1% to Oceania led by Australia and New Zealand. Smaller percentages arrived in Africa (2.9%) and Latin America (2.1%) excluding Mexico but including the Caribbean.
Given Thailand’s population of about 68.6 million people, its total $249.8 billion in 2018 exports translates to roughly $3,600 for every resident in the East Asian country.
Thailand’s unemployment rate was 0.9% as of December 2018 according to Trading Economics.