India’s creative goods exports nearly tripled from USD 7.4 billion in 2005 to USD 20.2 billion in 2014, making it one of the world’s leading exporters of such products in the top 10 developing economies, according to a UN report.
China is the biggest single exporter and importer of creative goods and services. China’s trade in creative goods between 2002 and 2015 has been exponential, with average annual growth rates of 14 per cent, the United Nations Conference on Trade and Development (UNCTAD) report said.
The second edition of the periodic Creative Economy Outlook: Trends in International Trade in Creative Industries examines the global picture and also features 130 country profiles with reported creative goods and services trade data. The data, which covers the period 2002 to 2015, shows the creative economy’s contribution to world trade.
Over this period, the value of the global market for creative goods doubled from USD 208 billion in 2002 to USD 509 billion in 2015.
Among developed economies, the US, France, Italy, the UK, Germany, Switzerland, the Netherlands, Poland, Belgium and Japan were the top 10 creative goods exporters.
India’s creative goods exports nearly tripled from USD 7.4 billion in 2005 to USD 20.2 billion in 2014, the report said.