TradeImeX

  MARKET OVERVIEW OF VIETNAM Vietnam is no doubt an emerging nation that has good potential to grow and expand its market worldwide. Over the past few years, the economy of Vietnam has been boosted by leaps and bounds due to various technological and economic advancements. Moreover, the labor force available in Vietnam consists of mostly the young generation who knows how to work effectively as well as efficiently at an affordable and pocket-friendly cost. As per previous years’ Vietnam Trade Data and other reports, it is predicted that in the current year 2023, the total Import Export turnover of the nation will surely hit USD 750 billion which is almost an increase of 13-15% from the year 2022. Additionally, one of the biggest plus points for Vietnam is that the nation is able to maintain a trade surplus worth USD 4 billion every year. Based on Vietnam Export Data for the year 2022, the total exports made by Vietnam to the world were close to USD 371.5 billion. The major cont

  ABSTRACT Based on the updated information and insights released by Quality Meat Scotland, in order to bring the economy and market to a normal state, the inward trade flows should be increased as compared to outflows. The share of beef in Global Trade Data is very less and negligible; hence, the demand for beef in the world remains unaffected and the same as the people’s consumption levels didn’t change. Now, if the global market has to be stabilized, global trade with respect to beef has to rise to a larger extent. LATEST BEEFY INSIGHTS 2022-2023 As per USDA, there would be a reduction of a total of 0.3% in the world production of beef. This reduction is forecasted despite the rise in the production of beef in countries like Brazil, China, and Mexico by 2-3% and 1% in the United Kingdom. On the other hand, as per the Global Trade Data for the year 2023, the decline in production has been observed in Argentina, New Zealand, Canada, European Union, and Japan. Lain Macdon

SYNOPSIS The growing gap between the Imports and exports of the US is the cause of large-scale imports that happened into the country with the main focus of importing foreign goods and decreasing exports of miscellaneous goods. The gap between total imports and exports increased by 12.2% in 2022 which translates to nearly USD 1 trillion. In the year 2022, the US Trade Data showed a trade deficit value of USD 948.5 billion which was more than USD 103 billion in the year 2021. This is the highest trade deficit ever recorded for the American economy. WHAT CAUSED THE WIDENING OF US TRADE DATA? Based on the US Export Data for the year 2022, the exports of goods and services from the nation went up by 17.5% and reached USD 3 trillion. On the other hand, if we study the US Import Data for the same year, then imports to the nation grew by 16.3% and touched USD 4 trillion mark. In a span of one month, i.e., from November 2022 to December 2022, the trade deficit of the US went up by USD 6.4 bi

The USA is a superpower which is situated in Northern America whereas China is situated in the Asian continent. The trade relations between the nations have grown several folds and reached new heights in recent decades. China has become the most famous import market in the United States. This statement is supported by the fact that after studying US Import Data for many years, an increasing dominance of Chinese goods is observed. The reasons why the United States is getting dependent on China for all kinds of goods are the low prices, high profits, and numerous varieties. There are downsides also due to this increased dependence. For instance, many local American workers lost their jobs due to high import competition and risk. BENEFITS OF TRADE BETWEEN THE USA AND CHINA One of the biggest benefits to US consumers due to imports from China was the availability of cheap products in the market. Due to the availability of cheap products, the buying capacity of Americans grew by USD 1500 i

TRADE BOND BETWEEN THE USA AND TURKEY The United States and Turkey first became friends in the year 1831, during the period when the US gave rise to diplomatic and political issues with the Ottoman Empire. Both nations are a part of the NATO group and Turkey serves as one of the crucial security partners of the US. The bilateral trade between both countries is considered at a moderate level which roughly amounts to USD 21 billion in the year 2020. This is not the optimal level of trade that is expected to happen between these two countries. As of 2019, Turkey was considered the 28 th biggest export country for the United States and the 32 nd largest market from whom the US imported goods. Turkey is considered one of the top purchasers of LPG As per Turkey Import Data from the United States and is ranked 7 th worldwide. Other than LPG, as per Turkey Import Data the nation imports the following products from the US the most: aircraft, organic fuels, metals like iron and steel,

The process of undergoing global trade or international selling is quite simple and easy to understand. In layman’s terms, import what comes in and export what goes out. That means when a country purchases goods from other nations to satisfy the demand of its people, it is called an import, whereas when a country sells its goods to satisfy the demand of the people of other nations, then it is called an export. The whimsical ascent has been seen in the Import Export Data of mostly every country because of expanded contest and variety of buyers and clients. The requests of clients in a specific nation are different to such an extent that the country needs to import merchandise from various countries to satisfy the interest of its residents. Due to this ascent in imports and exports, nations all over the planet presently have an obligation to keep up with their Equilibrium of Exchange wherein to remain on the positive side, i.e., to maintain a positive balance of payments (imports &g

WHAT IS THE ONGOING STATUS OF THE TURKISH MARKET? - 2022 As per Turkey Trade Data for the last year 2022, the nation's import/export imbalance rose by 160% yearly and crossed USD 11.2 billion in the long stretch of only August 2022. The purpose of this flood is the over-production and growth of imports in the native country. The imports of the country rose by 40% in the year 2022 according to the reports delivered by the trusted authorities of Turkey. According to the Turkey Trade Data of that very year, the import/export imbalance of the nation got up by around 146% and arrived at USD 73.45 billion in just the underlying 8 months of the year 2022. The value of imports grew and reached USD 32.5 billion, though the exports rose and surpassed the value of USD 21.3 billion. According to the financial program of the earlier year, 2021, the point of Turkey was to move to an ongoing record surplus through strong and compelling commodities while decreasing the loan fees. The nat