Learning from Global Benchmarking of Trade Promotion Activities

The importance of exports has been recognized by all countries globally. Efficient exporting enables a country to use its scarce resources in areas where it enjoys a competitive advantage. This creates an opportunity for specialization and focusing on those products which the country is best known to produce. Both developed and developing economies have experienced considerable growth in exports over the last decade.

Exhibit 1: Export growth in some of the leading developed and developing economies of the world

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