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.
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.