Import Globals

The United States of America is the world’s largest economy and the country is the leading global leader. As per the Global Import Export Data of 2022 the country is the world’s second largest trading nation behind only China with over USD 7 trillion in exports and imports of goods and services. As per the USA Import Data , the main goods that are imported in the country are cars, crude petroleum, computers, broadcasting equipment and packaged medicaments. The main import partners of America are China, Mexico, Canada, Germany and Japan. According to the USA Export Data , the main exports of the country are refined petroleum, crude petroleum, petroleum gas, cars, and integrated circuits. The main export partners are Canada, Mexico, China, Japan and South Korea. How to start an Export-Import business in or with USA? The USA is one of the few countries in the world that do not need any permission for imports. While the import license requirements in other countries are more stringent. Ev...

Philippines is one of the most preferred locations for import/export business because of low cost of living, good infrastructure, investment-friendly regulations, strategic business location, unlimited business opportunities and access to highly talented and educated population. The country attracts many global companies because of its ease of doing business. The country is burgeoning as the low cost manufacturing country with a feasible business environment. As per the Global Import Export Data , the country exported $6.54 B and imported $10.6 B of goods in 2021. The exports increased by $1.04 billion. Philippines is a hub of educated and skilled workforce.  The country is strategically located and this makes it the best path for doing business to both the Asian and Western markets. The government supports of foreign investment. The country is also a leading exporter of the electronics products. The United States was the largest export market of Philippines, with 15.9% of the tota...

Bangladesh is a burgeoning economy with foreign trade representing 28% of the country’s GDP in 2021. According to the Global Import Export Data , the country’s international trade in goods crossed US$140 billion in 2021, witnessing a 14.60% growth over 2020. The total trade in goods in 2021 was around $124.70 billion. However, considering the population of the country, the foreign trade of Bangladesh is very small, although it experienced accelerated growth during the last decade. According to Bangladesh Import Data , the main imports of the country are cotton, machinery, mineral fuels and oils, electrical machinery and electronics, iron and steel, plastics and vehicles. The main import partners of the country are China, India, Singapore, Hong Kong, Japan, South Korea, Malaysia, Brazil and Kuwait. The value of imports of the country was $ 71.02 B in 2021. As per Bangladesh Export Data , the main exports of the country are ready made garments, jute and jute manufacture, fish, shrimps, p...

As per the Custom Import Export Data , Brazil is the ninth largest export market for US products and services. The country is the largest consumer market and GDP in South America and thus continues to be an excellent market for experienced US exporters, who aim to tap into diversified economy. Brazil trade to GDP in 2021 was 39.2% of its GDP, the trade to GDP ratio has been increasing since 2017.  As per the Brazil Import Data , the value of goods imported by Brazil was USD 306.98B, a increase of 31.66% increase from 2020 and the main imports of the country are Mineral fuels, mineral oils and products of their distillation, bituminous substances and mineral waxes. The main import partners of the country are China, the USA, Argentina, Germany, India and Russia. As per the Brazil Export Data , the main exports of the country are iron ore, soybeans, crude petroleum, raw sugar and poultry meat. The main export partners are China, United States, Argentina, Netherlands, Chile and Singapo...

As per the Custom Import Export Data , the economy of Turkey grew by 11% in 2021. The economy of the country was the fastest growing among all the G20 countries, because of the sharp increase in the exports. The country has an upper middle-income mixed market emerging economy. It is EU’s 6th biggest trade partner, with 3.3% of the EU’s total trade in goods both imports and exports combined in 2022. The economy of the country is the 19th largest in the world by nominal GDP and the 11th largest by the purchasing power parity. Over the past two decades, there has been major development in the financial and social aspects of the country’s economy like increase in the employment and average income since 2000. EU is by far Turkey’s largest merchandise import and export partner. In 2022, 41% of Turkey’s exports went to EU and 26% of its imports came from EU. According to Turkey Import Data , the main imports of the country are refined petroleum, scrap iron, cars, petroleum gas, and motor vehi...

Vietnam is burgeoning as a manufacturing leader over the past few years. The abundance of cheap, young and skilled workforce and feasible business environment are the main driving factors that make Vietnam as the most sought-after country for foreign trade. Vietnam is known as the low-cost manufacturer with the competitive labour costs. The labour costs are half as compared to China. The low cost of labour and the supportive government policies makes Vietnam a good choice for many businesses from all across the globe who are shifting their base to Vietnam. As per Vietnam Global Import Export Data , goods worth USD 331.58 billion were imported to Vietnam in 2021. In the same year the total exports of the country was nearly $3.5 billion, making the country the ninth largest export destination for the United States. The United States has always been Vietnam’s biggest importer and China it’s major exporter for years. In 2021, the export volume of Vietnam to the US market achieved USD$ 101....