Question
Year Exports (FOB) Imports (CIF) Imports (FOB) Total Trade Balance of Trade 2008 88,650.74 47,589.78 42,816.15 136,240.58 41,060.96 2009 58,175.41 37,109.77 33,322.35 95,285.18 21,065.64 2010
Year | Exports (FOB) | Imports (CIF) | Imports (FOB) | Total Trade | Balance of Trade |
2008 | 88,650.74 | 47,589.78 | 42,816.15 | 136,240.58 | 41,060.96 |
2009 | 58,175.41 | 37,109.77 | 33,322.35 | 95,285.18 | 21,065.64 |
2010 | 80,579.36 | 54,774.36 | 50,117.96 | 135,353.74 | 25,805.01 |
2011 | 99,878.08 | 72,076.23 | 66,775.80 | 171,954.32 | 27,801.86 |
2012 | 96,904.93 | 62,519.29 | 57,396.04 | 159,424.22 | 34,385.60 |
2013 | 97,818.22 | 60,499.86 | 55,248.59 | 158,318.08 | 37,318.38 |
2014 | 82,595.81 | 67,045.17 | 61,536.23 | 149,640.95 | 15,550.59 |
2015 | 45,887.74 | 57,459.72 | 52,334.74 | 103,347.47 | -11,571.98 |
2016 | 34,703.90 | 38,241.06 | 35,239.97 | 72,944.97 | -3,537.17 |
2017 | 45,817.47 | 35,391.63 | 32,669.36 | 81,209.11 | 10,425.86 |
2018 | 61,221.02 | 43,998.97 | 40,753.69 | 105,219.97 | 17,222.09 |
2019 | 64,787.03 | 64,235.94 | 59,716.52 | 129,022.98 | 551.08 |
2020 | 35,944.15 | 57,317.47 | 52,345.94 | 93,261.63 | -21,373.32 |
2021 | 15,675.15 | 25,353.85 | 23,354.37 | 41,028.98 | -9,678.71 |
The data ranged from 2008 to 2021 June.
So firstly you are to calculate the data for each year for analysis sake.
Secondly, Discuss the behavioral pattern(changes) of these variables.
Lastly you proffer a solution to policy makers on the way forward based on your findings.
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