Imports and exports are the terms used to describe the goods and services traded between nations. Imports Countries import goods that they cannot produce domestically, or that companies can supply to these countries at a higher quality or lower cost. The term can also apply to services rendered to residents of one country from non-residents. Even tourists fall under a loose definition of providing an imported service through the investment they make in hotels, restaurants and attractions. Import statistics can be difficult to track, because of varying definitions and inaccurate coverage. Most of the data collected comes from declarations to custom services. However, these would not account for goods imported to one member nation from another in the European Union (EU), since such products may be moved without customs controls. According to the World Trade Organization, the United States is the world’s largest importer (based on capital investment), followed by the EU, China, Germany and Japan. Exports Exports, simply put, are goods or services produced locally and sold abroad. This may be done as a way to boost the producing nation's gross output, or in exchange for more desired products or services. China has been the world's largest exporter of goods since 2009. Official estimates suggest Chinese exports amounted to $1.904 trillion in 2013. This represents a significant reversal of policies in place for much of that nation’s history, when a more protectionist stance was taken in trading policies. The EU ranks second in exports, followed by the United States, Germany and Japan.
WTO Forecasts Africa’s Export Surge Amid Global Trade Recovery in 2024
According to the latest trade outlook from the World Trade Organisation (WTO), Africa is poised to experience the fastest export… Read More
Finnish Import-Export Company Upgrades to IBS Platform
Isojoen Konehalli Oy (IKH), a Finnish importer of tools, machinery, parts, accessories and work gear, has chosen to upgrade its… Read More
Florida Chamber of Commerce in Mexico City on Export Development Mission
The Florida Chamber of Commerce last week traveled to Mexico City to strengthen Florida’s competitive edge in the global economy… Read More
U.S. SME Exporting Slows: Survey
Small and midsized U.S. enterprises are taking on more of the administrative burden associated with exporting even as growth in… Read More
Manufacturers Take Aim at Presidential Candidates’ Anti-Trade Rhetoric
Trade continues to be a major topic in the campaigns of both Republican and Democratic presidential candidates. “Unfortunately,” said Linda… Read More
CEVA Upgrades Customs Clearance Procedures in Brazil
CEVA Logistics, one of the world’s leading supply chain management companies, has significantly upgraded its clearance procedures in Brazil to… Read More
International Trade Administration Ranks Top Export Markets For U.S. Industries
United States Under Secretary of Commerce for International Trade Stefan M. Selig has released 19 Top Markets Reports to provide… Read More
European Commission Releases Policy Proposals on Steel
The European Commission (EC) has released a policy paper setting out how the European steel sector can overcome its short-term… Read More
U.S. Customs Broker Carmichael International Service Expands to Canada
Carmichael International Service, a division of APL Logistics and one of the largest customs brokerage, trade compliance and consulting specialists… Read More
TTIP: Good for the EU, Good for the U.S.
The independent consultant carrying out a sustainability impact assessment (SIA) for the European Commission (EC) on the trade agreement being… Read More
European Commission Launches New Investigation on Chinese Steel Imports
The European Commission (EC) has launched a new anti-subsidy investigation on imports of Chinese hot-rolled flat steel, on which an… Read More
Dubai, Florida County Discuss Bilateral Cooperation
The Dubai Investment Development Agency (FDI) and Orange County, Florida, are actively exploring economic cooperation, to include trade, investments, and… Read More
« Previous 1 … 185 186 187 188 189 … 224 Next »