TradeImeX

  The Philippines and Vietnam, both the nations are situated close to each other and share a common continent, Asia. Vietnam is a bigger nation as compared to the Philippines, but in contrast, the population of the Philippines is more than Vietnam which leads to more population density and per capita income in the Philippines. Being populated with fewer people, Vietnam has a vast open space for development programs and the setting up of new industries and manufacturing units. Both countries share healthy bilateral trade relations with each and are into trade practices every now and then. BILATERAL TRADE SECRET OF VIETNAM AND THE PHILIPPINES As we mentioned above, the trade relations between both nations are very strong. This statement proves to get true by looking at the statistics shared by Philippines Trade Data and Vietnam Trade Data for the year 2020. As per Vietnam Export Data for the year 2020, the nation exported goods worth USD 3.65 billion to the Philippines. On the othe

MARKET ANALYSIS OF DEODORANTS AND ANTIPERSPIRANTS Deodorants and Antiperspirants are considered personal care products for humans which are used to eliminate body odor and control sweating to a certain extent. The ingredients of these products, namely, fragrance, anti-microbial particles, and other liquid items make them capable to fight odor and make the person feel fresh and smell good. Due to these ingredients, the life span of the deodorants is increased. Some of the prominent deodorant brands available are Dove, Unilever company, Godrej consumer products ltd., Cavin Kare Pvt. Ltd., etc. Now, if we talk about the market share of deodorants and antiperspirants in the world, then it is close to USD 29121 million in the year 2021 with respect to revenue. You would be in shock after listening to this big value. Let’s see what the reason behind this huge market value. First, the deodorant market is driven by the young population which is increasing at a rapid pace. These products

  VIETNAM REDUCES ARMS TRADE WITH RUSSIA AND TRIES TO BECOME SELF-RELIANT OVERVIEW Due to the ongoing war between Russia and Ukraine, many countries including Vietnam are becoming reluctant to perform trade with Russia and are looking for alternate options. For many years, Vietnam was considered as the top importer of Russian weapons and defense systems, and Vietnam Import Data was dominated by the same. Now, Vietnam is an emerging and rapidly growing nation and is trying to reduce imports of arms and ammunition from Russia and is trying to produce them domestically or import them from another country. Vietnam is focusing on producing weapons for itself, as well as for export purposes also to the African and Asian nations. Facts say that Southeast Asian countries are considered one of the biggest buyers of arms and ammunition and have dedicated a certain amount to imports of the goods in the budget which is close to USD 1 billion. This budget is set to rise in the future due to

  REASONS FOR MAINTAINING GLOBAL TRADE DATA – BENEFITS FOR SUPPLIERS AND BUYERS At present, all the countries are taking part actively in global trade to expand their markets and to increase their economy. Global trade, as the term suggests, is a process of exchanging goods and services across international borders. Various processes that are included in it are exports, FDI, Imports, setting MNCs, job outsourcing, etc. Now the question arises that how to keep records of imports, exports, and entrepots of different countries on regular basis. For this, every country maintains its Global Trade Data which records all necessary information about the products, their prices, quantity, most imported and exported goods, etc. in one place so that it gets easy to understand the trader. Global Trade Data is considered one of the 3Cs of foreign trade (compliance, content, and connectivity). Every detail about the product, source country, and destination country is mentioned in the data. Glo

  Based on the latest reports released from Vietnam’s capital, Hanoi, the total revenue generated from imports and exports has crossed the benchmark of USD 700 billion. Which is more than USD 100 billion as compared to the year 2021. It’s now the 10 th consecutive year in a row where the nation has comfortably maintained its trade surplus. The Import Export Data report and statistics also mention that the USA and China are the largest export and import markets of Vietnam as they dominate Vietnam Export Data and Vietnam Import Data respectively.   The statistics support this statement completely as Vietnam exported goods worth USD 101 billion to the United States whereas, imported goods worth USD 110 billion from China in the year 2022 till now. Experts give credit to Vietnam being an emerging nation for the effective execution of administrative reforms due to which a hassle-free system is created to transport goods smoothly without any hurdles. CLEAR PICTURE OF VIETNAM THROUGH G

CURRENT GLOBAL MARKET TRENDS The trade growth of various countries is explained by the Import Export Data of multiple countries. By taking into consideration the recent quarters, i.e., quarter 4, 2021 every country presented its trade values which were above the levels that prevailed during the pre-covid scenario for imports and exports. When these statistics are compared with the trade growth in quarter 3 for the same year, it was observed that the growth increased at a much slower pace and sometimes declined to affect the Global Trade Data to a much larger extent. Although the exports remained positive for a few countries such as China and the USA and tumbled down for other nations in the world. If we take some examples of the nations who faced this situation, then consider Brazil and India. By comparing the total imports and exports in Q4 of the year 2021 with Q4 of the year 2019, we observe that both nations increased imports by 33% and exports by 23% and 25%. At the same t

  DEMOGRAPHICS OVERVIEW OF VIETNAM AND THE PHILIPPINES Both the nations, namely Vietnam and the Philippines are located in the Asian continent. Southeast Asia is the region common to both countries. in the terms of area and land area, Vietnam has an edge as it is bigger than the Philippines by almost 31,000 km. despite Vietnam being the larger country, the population of the Philippines exceeds that of Vietnam by almost 1.25 crores. Due to this factor, the population density per square km is greater in the Philippines than in Vietnam. Talking about the type of government in each nation, then the government in the Philippines is a Presidential Republic whereas in Vietnam it is a Republic government. HOW STRONG IS THE RELATIONSHIP BETWEEN VIETNAM TRADE DATA AND THE PHILIPPINES TRADE DATA By deeply analyzing the trade relations between the Philippines and Vietnam, we came to the conclusion which states that the trade relations between the nations are strong and very deeply rooted. We