The best export company Secure your goods and services with trading - TradeImeX
Reaching your foreign customer's Speedy services
All information is provided in the Import Export Data of each country
including the major imports, exports, biggest import, and export partners of a
country, etc. Insights on future trends are also mentioned in these reports so
that traders and marketers across the globe can take the necessary decisions to
expand their markets and grow their profits.
There is a very peculiar and complicated connection between
imports and exports mentioned in the Import
Export data and the exchange rates. Basically, the exchange rate
affects trade surplus and deficit. If we talk in simple terms, if there is a
trade agreement between a weaker currency and a stronger currency then the
country with the weaker currency will find imports more expensive than exports
and vice versa for the country with a stronger currency.
OUR ONLY ADVICE FOR YOU
If you want personalized
analysis and guidance about import export data or global trade data of
any country, then get in touch with TradeImeX® Info Solution Private Limited.
TradeImeX® Import-export data provider strives to deliver
accurate global trade data to people of more than 70 countries. We are
responsible to grow your business and profits after you get associated with us.
We guarantee that we are equipped with the latest insights and trends about
every country’s Import Export data and global trade data.
VIETNAM TRADE DATA REVEALS AN ASTONISHING DATA FOR THE YEAR 2022
Hassle-free
services
Vietnam
is a developing nation that is growing rapidly by showing an increase in Vietnam Trade Data and Vietnam Export Data and trying to become a
developed country as soon as possible. Vietnam is also commonly known as the
Socialist Republic of Vietnam which is situated in the south-eastern part of
Asia. The country is spread over 3 lakh kilometre’s and gives home to nearly 95
million people. The country has also registered its name in the list of the top
15 most populated countries in the world. Being a country that is surrounded by
land and water both, it shares its major boundaries with China, Thailand,
Cambodia, and the Philippines.
Vietnam
has nowadays become one of the favourite destinations of big investors and
companies due to its cheap and efficient labour force. As mostly the population
of the country is filled by the young generation, the labour force is also
young, and charges less as compared to workers in other countries. Due to this,
many big companies are setting up their business factories and manufacturing
units in Vietnam to reduce their manufacturing costs and boost profit margins.
Due to this trend, Vietnam Trade Data and Vietnam Export Data are rising and hence, new
opportunities and avenues for the country are increasing.
Import
of mobile phones and telephones is also listed in Vietnam Import Data which amounts to USD 16.5 billion.
Vietnam
is all set to become one of the leading countries in the world in the
production of mobile phones. Various brands such as Samsung, Apple, and MI have
already set up their initial production units in the nation. Mobile phones play
a very significant role in Vietnam Trade Data if we refer to the data
for the year 2020, the mobile phones industry constituted close to 12.4% which
grew over 17% in the year 2021 taking Vietnam Export Data to around 65 billion USD.
Based on the statistics shared by Vietnam Trade Data we get to know that
Vietnam produced 233 million mobile phones in the year 2021 which was more than
7.6% which was in 2020. Also, Vietnam export Data increased as the exports
of mobiles increased by 12% as compared to 2020. It is indeed worth knowing
that Vietnam is becoming a rising star in the mobile industry and will surely
take over other big giants related to this industry in the coming years. Vietnam Trade Data has names of all major
brands in the field of the mobile phone industry such as intel, LG, Panasonic,
Nokia, Microsoft, and Apple who are in regular association with the nation for
mobile manufacturing.
Along the same lines, Turkey trade data is designed
and formed. This data is also based on custom reports which include all details
about exporter and importer names, HS codes of each product, and product
descriptions including price, quantity, and units. Turkey trade data states
that the country’s imports in the year 2020 were $207B and exports were close
to $177B.
Also, if we talk about the major import and export partners
of Turkey, then as per Turkey
trade data the major import partners of Turkey are Germany, China,
Russia, and the United States. On the other hand, major export partners as
listed in Turkey export
data are Germany, the United Kingdom, the United States, and Iraq.
FINAL THOUGHTS - Your trusted exporting partners
We hope we were able to guide you through the major benefits
of maintaining import export data. The illustrations we shared about Turkey trade data and Turkey trade data will
surely help you to clearly understand all details we can get from trade data.
That is not all though, many more things are also discovered by marketers when
they study this data in more detail.
PHILIPPINES TRADE DATA - Reaching
your destination safely
The Philippines, also known as
"Las Islas Filipinas’ is a small island country located in Southeast Asia
in the western Pacific Ocean. As per import export data of the Philippines,
it was 34th largest importer of goods and 39th largest exporter of
goods way back in year 2020. Being a country with population of mere 110.8
million people Philippines
trade data showed, in 2021, its imports were worth 1.02 trillion
Philippine pesos and exports were worth USD 55.7 billion.
Philippines trade data is a consolidated data
set that consists of a collection of statistics and facts that are entirely
based on shipping and import bills, invoices, and other documents related to
global imports and exports.
As per the Philippines export data its
total exports were recorded at a total of USD 5.89 billion in May 2021, which
was a 74.1% increase as compared to the previous month. On the other hand,
total exports declined in May 2020 by 26.7% annually.
By referring to the Philippines trade data
its major imports are integrated circuits ($12.3B), petroleum ($5.61B), office
machine parts ($2.45B), and cars ($2.16B). The major import partners of this
country are China, Japan, Korea, the USA, and Indonesia.
THE BEGINNER’S GUIDE TO US IMPORT DATA - Our passion for your
satisfaction
The US is a large country with a population of 32.95 crores
in 2020. As a result, US
Import Data presented in the year 2020 says that the US imported goods
worth USD 2.24 trillion. As mentioned before, the US was ranked 01st
as the top importer of goods from the world in the year 2020.
The US majorly deals in importing the following things from
the rest of the world as listed in US Import Data:
·
Automobiles are primarily cars ($143 billion)
·
Computers ($92.1 billion)
·
Packed Medicines ($84 billion)
·
Broadcasting equipment ($82 billion)
·
Crude Petroleum (75.01 billion)
TOP IMPORT PARTNERS OF THE US
As per US
Import Data 2020, the top 5 import partners in the US were China (USD 437
billion), Mexico (USD 325 billion), Canada (USD 263 billion), Germany (USD 116.1
billion), and Japan (USD 112 billion).
According to the US Import Data the Top
10 import partners of turkey constituted more than 50% compared to other
shipments. The main import partners were from Asia and Europe as listed in the US Import Data A considerable
number of imports were recorded from North American countries. The US trade data also
told that the smallest import partners of the US in 2020 were Africa, Latin
America, and Oceania.
CONCLUSION - HERE’S WHAT’S IN
First and foremost, we are glad that you are reading this
blog here and have attained some knowledge and trade statistics of the US. Now
it’s time to conclude by stating that if any marketer or trader is interested
and willing to do international business with the US, then studying the US trade data should be the initial step to do so. Not
only the US Trade Data
of any country will give a marketer insight into the global ranking of a
country in terms of imports or exports, its trade partners, and the top
products it imports and exports from and to different countries.
The US is, as we all know is a superpower and its economy
remains strong day and night. If you are associating with the US market, then
no doubt that you will see profits coming unconventionally.
If we believe the US trade data
published in 2020, we will see that the US stood at the 01st
position in the world in terms of GDP, 2nd position in the world for
total exports, and 01st in the world for total imports.
MISTAKES COMPANIES MAKE WITH GLOBAL TRADE DATA
Marketers are commonly seen at the forefront of any company’s
global expansion and growth. Usually, it is the sole responsibility of the
marketing team to perform regular market research and find out the best and
potential international market for the company.
While the company tends to grow in the international market, it faces
some problems that are listed below:
1. Non-adaption of new
communication channels
While studying the global trade data
marketers spot potential countries and markets for their business, but they
forget to change their sales and marketing techniques which as a result, causes
hindrances in cracking the deal.
2. Generalized analysis
Most of the time It happens that marketers study the global trade data and
specify the potential market in general. Like if it is said that a company will
target Africa to grow. In this scenario, it is not clear which part of Africa
the company is focusing on or which region it is talking about. We know that global trade data is
capable to locate the potential market with very minute details also as we saw
while studying Turkey trade data.
3. Ignoring internal data
One of the biggest problems which arise when a company is
locating its potential market globally. Here what happens is, a company relies
more on external data and insights rather than focusing on its internal
details. As we know that every company has different potential markets with
different profit ratios and market risks, so a company should always focus on
its strong points and choose the potential market accurately according to its
industry and commodity. International trade data can easily help any company in
this regard.
LET’S END WITH THE MOST BORING CONCLUSION - Reaching your
foreign customer's Speedy services
Firstly, we are glad that you are with us till this point and
that you found this article beneficial and knowledgeable. We would like to end
by stating that global
trade data is truly the backbone of every country as it consolidates
and place all the international trade transactions that took place in a fiscal
year. Thus, it gives regular insights into the surplus and deficits of a
country, total imports, exports, partners, etc.
For more info: -
.png)
Comments
Post a Comment