An export report or exports analysis is an in-depth evaluation of a country’s export statistics so that its economic planners or policymakers can devise policy changes. These policy changes are required to speed up a country’s economic growth. Areas of concern such as anti dumping measures, tariff peaks and targeted subsidies may also be analyzed in detail.
Exports analysis can be performed by businesses or countries to enhance their growth prospects. A detailed export review can help devise future-oriented export growth plans. The objective is to increase trade and profits.
Analysis of Exports Statistics
Today, most exports analyses are conducted using reflective indicators. However, researchers have begun to advocate the use of formative indicators as a basis for export performance analysis. Formative indicators refer to exploring the causal indicators, rather than the effect indicators.
Countries can utilize export reports to perk up their trade policies and programs. In 2008, when Australia released a review of its export policies and programs, it outlined around 70 recommendations as part of its export promotion and trade and investment policy. A textile exports analysis of China reveals that the country continues to make its mark in the world textile market, since the removal of the quota regime in 1994.
Countries frame their new policies and programs based on the results of the long-term and short-term export reports. These statistics are a result of comprehensive study of exports, which is conducted by using both objective and subjective measures.
However, the fact remains that export review results may vary, depending on the export data source used. Export data may be obtained from two different sources, such as the International Monetary Fund and the UN Commodity Trade Statistics. When the facts and figures from the two sources are dissimilar, it may yield incongruent results. This difference in data source also affects export-led growth models. Hence, researchers agree on the point that data can be neither interchanged nor correlated.
Overall, export reports benefit countries and their efforts to formulate their overall export-oriented development strategy.