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India, China & SA performed better in Import-Export During Q1 2021

Published on May 20, 2021
Current Context: The United Nations Conference on Trade and Development (UNCTAD) released the ‘Global Trade Update’ for May 2021.
India, China & SA performed better in Import-Export During Q1 2021
  • As per the report, India, China and South Africa performed ‘relatively better’ in import-export trade activities during the 1st quarter of 2021.
  • India’s import increased by 45% and export increased by 26% in Q1 2021, as compared to the average value in 2020.
  • India’s service imports increased by 14% and service exports increased by 2%.
  • At the global level, the trade activities have increased by 10%, which is an increase of 3% compared to Q1 2019.
  • At the global level, the overall forecast for 2021 is predicted to be 16% for global trade, 19% for goods and 8% for services.
  • Static Part: 
    • HQ of UNCTAD: Geneva, Switzerland

Question: 

Q.1 As per the ‘Global Trade Update’ for May 2021 of UNCTAD, which country performed ‘relatively better’ in import-export trade activities during the 1st quarter of 2021?
a. India
b. China
c. South Africa
d. All of the above

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