The chart below shows the value of one country’s exports in various categories during 2015 and 2016. The table shows the percentage change in each category of exports in 2016 compared with 2015.
Summarize the information by selecting and reporting the main features and make comparisons where relevant.
Write at least 150 words.
Export earnings:
Petroleum products: 2015 slightly above 60 billion dollars (BD), 2016 almost 63 BD
Engineered goods: 2015 almost 58 BD, 2016 slightly above 60 BD
Gems and jewelry: 2015 almost 42 BD, 2016 slightly above 40 BD
Agricultural products: 2015 and 2016 slightly above 30 BD
Textiles: 2015 almost 26 BD, 2016 slightly above 30 BD
Percentage change in values (2015-2016):
Petroleum products: 3%+
Engineered goods: 8.5%+
Gems and jewelry: 5.18%¯
Agricultural products: 0.81%+
Textiles: 15.24%+
The chart and table illustrate the value of one country’s exports in various categories during 2015 and 2016, along with the percentage change in each category’s exports from 2015 to 2016.
In 2015, the highest export earnings were from petroleum products, slightly above 60 billion dollars (BD), followed closely by engineered goods at almost 58 BD. Gems and jewelry ranked third with almost 42 BD, while agricultural products and textiles had export earnings slightly above 30 BD and almost 26 BD, respectively.
Moving to 2016, there was a noticeable increase in export earnings across most categories. Petroleum products saw a modest growth, reaching almost 63 BD, with an increase of 3%. Engineered goods experienced significant growth, surpassing 60 BD, showing an impressive rise of 8.5%. On the other hand, gems and jewelry experienced a slight decline, reaching slightly above 40 BD, with a decrease of 5.18%.
Agricultural products maintained a steady trend, with earnings remaining slightly above 30 BD, but showing a positive change of 0.81%. The most remarkable growth was observed in textiles, surging to slightly above 30 BD with an astounding increase of 15.24%.
In summary, the country experienced overall growth in its export earnings from 2015 to 2016, with notable increases in engineered goods and textiles. However, there was a slight decline in the gems and jewelry category. These changes may indicate shifts in the country’s export priorities and market demands during the given period.