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Q.What is meant by direction of international trade?

Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2022Subjective· 1mImportance★★★★★
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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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