Total merchandise export for 2014 valued at USD 321 billion

Q.  India’s merchandise export for the year 2014 was valued at USD ___ billion against USD 314 billion in the previous year, according to an UNCTAD report.
- Published on 10 Dec 15

a. 313
b. 321
c. 341
d. 351

ANSWER: 321
 
The total merchandise export has been valued at USD 321 billion as against USD 314 billion in the year before this, as per an UNCTAD report. Report indicated that international service exports constituted 21% of the total global exports valued at slightly more than USD 5 trillion in 2014. This was a growth of around 5% over the previous year. Total global exports for 2014 stood at USD 24 trillion which is up by 1.2 percent as against the previous year. According to the Handbook of Statistics published by UNCTAD, service exports from developed and developing economies expanded at 5.2 and 4.8 percent respectively in 2014.

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