Question

Given fig. shows the trade between India and Brazil. Study the graphs and answer the following questions.

1. In which year the value of exports to Brazil exceeded the imports from Brazil?
2. In which year the trade with Brazil was most favourable of all?
3. Comment upon the Balance of Trade in the year 2013.
4. From which year the value of exports to Brazil have exceeded the value of imports from Brazil?
5. Write a note on the trade between Brazil and India.

Answer 1

1. In 2008, 2010, 2011, 2013, 2014 and 2015 the value of exports to Brazil exceeded the imports from Brazil.
2. In 2013, the trade with Brazil was most favourable of all.
3. In 2013, India’s balance of trade value was the “maximum” when compared to Brazil. India’s trade balance was favourable, meaning it was in surplus.
4. From 2013, the value of exports to Brazil has exceeded the value of imports from Brazil.
5. 1. Trade between Brazil and India is erratic.
   2. Since 2013, India's exports to Brazil have been worth more than its imports from Brazil.
   3. Since 2014, trade between India and other countries has been in decline.