What does the United States import? The United States’ imports in 2016 amounted to a whopping $2.21 trillion, marking a 24.9% increase from 2006. Of the top most imported products in 2016, the top three - machinery, transportation products and chemical products - form more than half (50.9%) of total imports. Products-wise, machinery such as computers and broadcast equipment remain the top imported product from 2006, with a 1% increase from 2006’s 27%.
The Dominican Republic’s exports heat map The Dominican Republic’s exports: From a past of growth to the current radiant forecasts 2018 is set to be a golden year for Dominican Republic’s exports. Or that, at least, is the government’s plan. It has declared 2018 to be the “Year of Promoting Exports”, as a key measure within the framework aimed at reactivating the country’s economy. The Dominican Republic has one of the most vibrant economies in Latin America and the Caribbean, with an average GDP growth rate of 5.
Fulfillment by Amazon (FBA) vs direct fulfillment If you’ve ever purchased anything on Amazon, you may have at some point chosen its same-day or one-day delivery service, even if the item wasn’t sold by Amazon. After all, as the world’s largest retailer, Amazon prides itself on not only the variety of products on its site but also, its speedy delivery. But have you ever thought about what goes on behind the scenes when a purchase is made on Amazon?
Made in China. Much have been made about this phrase, whose origins simply indicated the production origins of a certain good. Today, it no longer just relates to international trade. As a label, Made in China could sometimes subtly indicate the quality of goods or low costs of labor. In popular culture, it’s even been made into a song. For many countries, this label is a legal requirement for all products imported into and sold within their territory be it via ocean freight or air freight.
US beauty products imports Given Hollywood and its influence, it probably comes as no surprise that the United States is the world’s largest importer of beauty products - responsible for a whopping 11% of the total imported beauty products across the globe in 2015. This far surpasses the next few largest importers - Hong Kong (7.6%) and China (6.9%). Movements in the global beauty products market are massive, with the industry estimated to hit $635.
Jorge Mora, the author of the import from China blog, gives us his expert insights on importing from China. Last week, we published part one of the interview. In this post, we focus on the future of China as the nucleus of world trade, international ocean freight to China, and the opportunities. What’s your view on the lack of clarity regarding regulations in China for imports? What’s the best way to overcome this?
Biggest challenges when importing from China Importing from China? If you’re looking to understand the biggest challenges and opportunities when importing from China, you’ve come to the right place. We sat down with Jorge Mora, an expert consultant regarding imports from China, the world’s largest exporter, and the writer of the Importing from China blog. In this post, he explains to iContainers what the main challenges that importers face when dealing with China are and tips on how to overcome them.
More than just white beaches Nestled in the lovely clear blue waters of the Greater Antilles archipelago in Caribbean, the Dominican Republic is perhaps better known for its white sandy beaches and world class golf courses. But here’s a little known economic fact: According to the World Bank, the Dominican Republic has actually enjoyed one of the strongest growth rates in Latin America and the Caribbean over the past 25 years.
North America freight numbers in 2016 Of the five main freight transportation methods (truck, rail, pipeline, vessel, and air) in the US, rail is the only one to register an increase (0.2%) in 2016. In total, the value of all cross-border cargo movement between the US and its NAFTA (North American Free Trade Agreement) partners Canada and Mexico fell 3.4% to $1.069 trillion. Trucks remain the most popular mode for transporting goods to and from Canada and Mexico, accounting for a massive 65.
Miami Trade Shows 2017 As an importer or exporter in the ocean freight industry, there are certain trade shows in the world that should be on your annual agenda. Given Port Miami’s strategic location between North America and South America, it’s no wonder that some of the most important trade events choose to host their exhibitions there. Here’s a list of some of the trade shows going on in Miami this year.