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Showing posts from July, 2023

How to start an Export-Import business in or with Indonesia?

Indonesia ranks 29th in terms of foreign trade value and 15th globally in terms of nominal GDP. China is the most important trading partner of the country for both imports and exports. Indonesia is the largest economy with GDP of 1.19 trillion USD in South Asia in 2021. As per the Global Import Export Data , the exports of Indonesia reached a record high of USD 231.51 billion and the imports totalled USD 196.2 billion. As per the Indonesia Import Data , the main imports of the country are refined petroleum, crude petroleum, petroleum gas, vaccines, blood, antisera, toxins and cultures and motor vehicles, parts and accessories. The leading countries from which Indonesia imported goods were China, Singapore, Japan, the United States and Thailand. Similarly as per the Indonesia Export Data , the main exports of the country are oil and gas, minerals, crude palm oil, electrical appliances and rubber products. The main export partners are China, the United States, Japan, India, Malaysia, Sin

How to start an Export Import business in or with Brazil?

As per the Custom Import Export Data , the United States is the second largest trade partner of Brazil. The country has increased foreign trade to more than 30% of its USD 1.832 trillion GDP in 2020. As per Brazil Import Data , the main imports of Brazil are refined petroleum, motor vehicles, parts and accessories, vaccines, blood, antisera, toxins and cultures, mixed mineral or chemical fertilizers and petroleum gas. The main import partners are China, United States, Argentina, and Germany. According to Brazil Export Data , the main exports of Brazil are Iron Ore, Soybeans, Crude Petroleum, raw sugar and poultry meat. The main leading export partners are the United States, Argentina, Netherlands and Chile. The country imported goods of the value USD 219.4 billion and exported USD 280.8 billion in 2021. Brazil is the largest economy in Latin America and is the 9th largest economy in the world. The government has declared its support for the foreign investment to develop a business-frie