Export data is the record keeping of the goods one country has sold to another in exchange of a commonly accepted currency. Often this commonly accepted currency is the US Dollar or Euro. The main importance of Export Data is to measure the BOT or Balance of Trade of India.

1. Export Data- the Importance of data
Export data is the record keeping of the goods one country has sold to another in
exchange of a commonly accepted currency. Often this commonly accepted currency is
the US Dollar or Euro. The main importance of Export Data is to measure the BOT or
Balance of Trade of India.
Balance Of Trade:
Balance of trade can be broadly be defined as the difference between the import and
export quantities (against a pre set currency). The balance of trade can either be
positive or Negative.
Positive Balance of Trade:
In case the balance of trade is positive, it tells us that the export income of the country
outweigh the import expenses. In case of India the balance of trade has never been
positive since the liberalization of the 1990’s. But if current trends of disinvestment are
followed the trade deficit of the country could turn into a trade surplus which should be
(theoretically) be followed by the balance of trade.
In case the balance of trade is negative, it tells us that the countries expense on Imports
out weight the income from the exports. Currently India is facing a negative balance of
trade. In addition to this the trade deficit of India has grown on the back of robust
domestic demand of Industrial and household goods.
A detailed analysis of the export data tells us that the future is not all bleak for the
Indian export scenario. With rapid growth in the service sector, which is now being
exported abroad it will note belong before the trade deficit gap closes.