Top 10 U.S. Exports and Their Importance in the Global Economy

What are the top 10 U.S. exports? Top 10 Vehicles: $105.2 billion (7.3%) Optical, technical, medical apparatus: $83.4 billion (5.8%) Aircraft, spacecraft: $80.9 billion (5.7%) Plastics, plastic articles: $60.2 billion (4.2%) Gems, precious metals: $60 billion (4.2%) Pharmaceuticals: $53.9 billion (3.8%) Organic chemicals: $34 billion (2.4%) Read more on www.worldstopexports.com With its products and services … Read more

Exporting without Manufacturing: An Overview

Can I export without manufacturing? Merchant exporter does not have own manufacturing unit or processing factory. Merchant Exporter can export the excisable goods either directly from the premises of the manufacturer, with or without sealing of the export consignments, or through his premises under claim for rebate or under bond. Read more on howtoexportimport.com Selling … Read more

Exporting Coffee to USA: A Comprehensive Guide

How do I export coffee to USA? When it comes to US customs and coffee beans, if you’re importing a coffee shipment valued above $2,500, it will require a customs bond. Five days before your coffee imports are due to arrive, you must therefore fill out a CBP entry form in order to post a … Read more

Foreign Trade: Understanding the Basics

What is considered foreign trade? Foreign-Trade Zones (FTZ) are secured, designated locations around the United States in or near a U.S. Customs Port of Entry where foreign and domestic merchandise is generally considered to be in international commerce and outside of US Customs territory. Read more on www.naftz.org The exchange of products and services between … Read more

Examples of Imports and Exports and How to Start Your Own Import Export Business

What are some examples of imports and exports? What are the U.S. Imports and Exports? Machinery (including computers and hardware) ? $213.1 billion. Minerals, fuels, and oil ? $189.9 billion. Electrical machinery and equipment ? $176.1 billion. Aircraft and spacecraft ? $139.1 billion. Vehicles and automobiles ? $130.6 billion. Read more on traderiskguaranty.com Trade between … Read more

Pros and Cons of International Trade: A Comprehensive Overview

International trade has played a crucial role in the development of the global economy for many years. It has aided nations in growing their markets, gaining access to new resources, and lowering production costs. International trade, like all economic activity, has both benefits and drawbacks. We shall examine the benefits and drawbacks of international trade … Read more

Free Trade Vs. Fairtrade: What’s the Difference?

What is the difference between free trade and Fairtrade? Free trade emphasizes the need for less borders, restrictions, and tariffs on goods and services passing through countries and continents. Meanwhile, fair trade involves ensuring that the workers behind these goods and services are treated fairly and that human rights are maintained throughout the supply chain. … Read more

Two Types of International Trade: Import and Export

What are the two types of international trade? Types of International Trade Import Trade. To put it simply, import trade means purchasing goods and services from a foreign country because they cannot be produced in sufficient quantities or at a competitive cost in your own country. Export Trade. Read more on www.shawacademy.com Trade between nations … Read more