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.
German Exports to U.S. Slide on Tariffs as Intra-Europe Trade Lifts 2025 Performance
German exports to the United States fell sharply in 2025 as tariff policies introduced under President Donald Trump disrupted transatlantic… Read More
Ocean Three Alliance Carriers Consolidate Asia-Europe Routes
Ocean Three Alliance partners, CMA CGM, CSCL, and UASH, announced the consolidation of two Asia-Europe routes, aiming to reduce capacity… Read More
Port of Long Beach Sees Record Box Numbers in August
The Port of Long Beach, bruised by vexing terminal congestion issues and labor strife over the past year, is making… Read More
Traffic Jam in San Francisco Bay Said to be Easing
A backlog of container ships crowding San Francisco Bay is fading, the Port of Oakland claims. The port recently reported… Read More
Retail Imports Begin To Climb As Holidays Approach
Import cargo volume at the nation’s major retail container ports is expected to increase 1.2 percent this month over the… Read More
U.S., EU Widen Sanctions On Russia
The United States and the European Union are once again widening sanctions against dozens of Russians and Ukrainian individuals and… Read More
German Ambassador Believes India-EU Trade Talks Will be Restarted Soon
Germany’s new ambassador to India has said that he expects the stalled India-European Union free trade agreement talks will resume… Read More
Minnesota Trade Office Awarded Over $500,000 from SBA for Export Promotion Program
The Minnesota Trade Office (MTO) has been awarded $564,132 from the U.S. Small Business Administration (SBA) to fund the Minnesota… Read More
U.S. May be Ready to Resolve Cheese Impasse to Clinch EU Trade Deal
Next month, the European Union and the United States will likely resume their negotiation of the Transatlantic Trade and Investment… Read More
Does Trade Facilitation Matter in the Fight against Corruption?
What does the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) have to do with corruption? It has everything to… Read More
Mobile, social, and cross-border commerce driving online retail in Thailand
A new report by market research firm yStats.com describes the current state, trends and prospects of the online shopping market… Read More
NRS and IKEA Launch Electric Drayage in Los Angeles
National Retail Systems, Inc. (NRS), a third-party logistics provider, launched a zero emissions electric drayage operation exclusively for IKEA Distribution… Read More
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