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.
Export of U.S. Railway Goods Wagons Drops to $500M in 2023
U.S. Railway Goods Wagon Exports In 2023, shipments abroad of railway or tramway goods vans and wagons (not self-propelled) decreased… Read More
2022 Global Supply Chain Outlook: 5 Trends to Watch
As 2022 unfolds, supply chain and logistics leaders are under enormous pressure. Capacity constraints, skyrocketing shipping costs, geopolitical conflict, and… Read More
Commerce Announces Addition of Iceland, Liechtenstein, Norway, and Switzerland to Global Export Controls Coalition
Today, the U.S. Commerce Department, through the Bureau of Industry and Security (BIS), is issuing a rule that formally adds… Read More
Kerry Logistics Network Reacts To Growing Demand with New 1S2 Service Between UK and Turkey
Kerry Logistics Network Limited (‘KLN’; Stock Code 0636.HK) has launched a new One Stop Solution (1S2) for imports and exports between… Read More
Commerce Restricts the Export of Luxury Goods to Russia and Belarus in Latest Response to Aggression Against Ukraine
Today, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) forced limitations on the product, reexport, and move (in… Read More
12 Consecutive Months of Record Volumes at SC Ports
South Carolina Ports had a record February for containers handled at the Port of Charleston. SC Ports handled 230,420 twenty-foot… Read More
European Concentrated Apple Juice Imports Dropped Twofold over the Past Decade
IndexBox has just published a new report: ‘EU – Concentrated Apple Juice – Market Analysis, Forecast, Size, Trends and Insights’…. Read More
European Bicycle Imports Peak at $3.6B
IndexBox has just published a new report: ‘EU – Bicycles And Other Cycles (Not Motorized) – Market Analysis, Forecast, Size,… Read More
China Strengthens Leading Position in Global Imports of Zirconium Ores and Concentrates
IndexBox has just published a new report: ‘World – Zirconium Ores and Concentrates – Market Analysis, Forecast, Size, Trends and… Read More
China’s Propene Imports Fall to $2B
IndexBox has just published a new report: ‘China – Propene (Propylene) – Market Analysis, Forecast, Size, Trends And Insights‘. Here… Read More
Mexico’s Fermented Beverage Exports to the U.S. Skyrocket
IndexBox has just published a new report: ‘U.S. – Cider, Perry, Mead And Other Fermented Beverages – Market Analysis, Forecast,… Read More
European Trade in Natural Colouring Matters Peaks Near $720M
IndexBox has just published a new report: ‘EU – Colouring Matter Of Vegetable Or Animal Origin – Market Analysis, Forecast,… Read More
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