Manufacturing industries make up about 17% of the global GDP. Unsurprisingly, the top 10 manufacturing countries in the world are also the biggest economies. Review the list to determine which country you want to outsource your production needs to. Which country is the world’s manufacturing superpower? Top 10 manufacturing countries Manufacturing, value added (current US$) …
US imports in the first half of 2022 were even higher than the pre-pandemic level. Every month till July in 2022 was a record month compared to previous years for US ports. Moreover, July was the third-busiest month of 2022 so far in the eastbound trans-Pacific. But this situation did not last long. Why were …
One of the essential components of electronic devices is a semiconductor, also called an integrated circuit (IC). Semiconductors are the motor of innovation – the microchips enable advances in artificial intelligence, transportation, healthcare, the military system, communications, etc. To put it simply, semiconductors are the brains of modern electronics. What are the world’s top semiconductor …
Everyone who imports or exports out of Australia knows that the regulations regarding customs clearance in Australia are relatively strict. To help you with the complicated process, we’ve gathered the most important information about customs clearance in Australia. Do you need Customs Brokers in Australia? A customs broker comes in handy if you import to …
Mexico is an industrial and agricultural state that is dynamically developing. It’s famous, among others, for producing food products, including vegetables, fruits, and cereals. Moreover, Mexico is a country rich in mineral resources, such as oil and gas. Many companies from the US saw the immense potential in Mexico and decided to use it by …
Turkey is a developing country with a strong geographical position linking Europe and Asia. In terms of exports and imports, Turkey is in the world’s top 30. The EU-Turkey Customs Union governs the EU Member States’ trading relationship with Turkey. Overall, the US-Turkey trade has more potential since the EU-Turkey ties are stronger. To make …
The Netherlands is a small northwestern European country. Nevertheless, the Netherlands is the seventh biggest exporter and importer in the world. It benefits from its strategic location and well-developed road, rail, and water transport systems. Moreover, this country is home to the biggest container port in Europe. How to export from the Netherlands? Export from …
In 2020 and 2021, we faced many difficulties in logistics like limited storage space, jaw-dropping freight rates, port congestion, and truck shortage. One of the biggest misfortunes was the Suez Canal blockage which led to a loss of 9.6 bn USD in international trade. In this article, we present the freight rate forecast for 2022 …
In recent years, trade between the European Union and the United States grew substantially. Navigating the US market is not the simplest, and here you can find the basics of exporting to the US. US-EU trade The United States is the largest economy in the world, as well as the biggest importer. Recently China overtook …
8,55 million people live in Israel. About 1/5 of the population is Arabic, and ¾ is Jewish. It is one of the few Middle Eastern countries that is a low-risk country when it comes to doing business. The country is 31st in the world in terms of GDP. Israel’s largest economic partners are the United …