7.13   Trade

. Trade Export and import are the two components of trade. Export means goods and services sold for foreign currency. Tamil Nadu contributes . % to the country’s exports. Import refers to goods and services are brought from overseas producers. Tamil Nadu imports many goods from outside. The difference between the values of export and import is called the balance of trade. Major Exports of Tamil Nadu (i) Agricultural Products tobacco, cereals, cotton, sugarcane, groundnut, spices and vegetables. (ii) Leather Products wallets, purses, pouches, handbags, belts, footwear and gloves. (iii) Gems and Jewellery pearls, precious stones, gold jewellery, decorations and antiques. (iv) Chemicals and related products paper, chemicals, rubber and glass.