Question 20 of 36
Q.What is meant by direction of international trade?
Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2022Subjective· 1mImportance★★★★★
56% · 20/36 Questions
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Start your 14-day free trial to unlock the full solution →Direction of trade = the countries/regions a nation trades with (destinations of exports and sources of imports).
In foreign trade, composition tells us what goods are traded, whereas the direction of international trade tells us with whom a country trades — the countries and regions that are the destinations of its exports and the sources of its imports. Studying direction shows how a country's trade is spread across different partner nations an …
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