As per a UN report, the cache of India’s creative goods exports nearly tripled from USD 7.4 billion in 2005 to USD 20.2 billion in 2014.
The UN report mentions how China is the biggest single exporter and importer of creative goods and services.
This is because China’s trade in creative goods between 2002 and 2015 has been exponential.
The report was prepared by the United Nations Conference on Trade and Development (UNCTAD).
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.
“China, Hong Kong (China), India, Singapore, Taiwan Province of China, Turkey, Thailand, Malaysia, Mexico and the Philippines were the top 10 performing developing economies stimulating global trade in creative goods,” the report said.
Among developed economies, the US, France, Italy, the UK, Germany, Switzerland, the Netherlands, Poland, Belgium and Japan were the top 10 creative goods exporters.