According to the Observatory of Economic Complexity (OEC), Argentina has the 45th largest export economy in the world. In 2018, Argentina became the 29th largest importer of consumer goods from the United States and exported a total of $61.6 billion dollars worth of goods around the world. Considering that the Argentine economy in the late 90s was very unstable due to the country’s rising debt and inflation, it’s safe to say that they’re doing pretty well.
Peru has evolved as one of the star economies in Latin America in the 21st century. It’s the reason why so many international companies are thinking of shipping to Peru in order to expand their business empire. Having an average growth rate of 5.9% in a background of low inflation, Peru has emerged as one among the region’s fastest growing economies. If you’re in the United States and are considering shipping to Peru, there are several factors you should keep in mind.
Located on the southwestern tip of South America, Colombia is well known country for its beautiful ports, old towns and beaches. In Bogota, the capital of the country there is the Museo del Oro, Cartagena has the Islas del Rosario and Medellin has the flower festival. There’s never a dull moment in the country and the ports are a major component of the economic action supplementing the revenue the government collects from these tourist attractions.
Chile’s economy is regarded as one of the most stable in South America. It also has the highest gross domestic product (GDP) per capita throughout Latin America. According to the Economic Complexity Index (ECI), Chile’s economy is the 61st most complex one in the world. It also happens to be the 42nd largest economy across the globe. The imports in Chile were recorded at 68.5 billion US dollars in 2018.
Chile rests at the southernmost tip of South America, snaking up alongside the West coast of the continent. Economically speaking, Chile’s location on the Pacific ocean makes it a hotspot for international trade. It also helps that Chile is the world’s number one copper exporter—and the demand for copper is at an all-time high. Here’s a closer look at five of the biggest ports in Chile and all they have to offer in the world of international shipping, tourism, culture, and more.
Chile has had a free trade agreement with the United States since 2004. The country declared in 2015 that all goods originating from the US could enter Chile without the sender having to pay tariffs. This works out great if you need to send cargo to Chile, but what about personal belongings or other commercial products? Whether you’re planning to move to Chile, send gifts to family, or you’ve got e-commerce business going on, you’ll need to understand how their import process works.
New Zealand has forged long lasting import/export relationships with several countries globally. However, her main trade partners are China, which takes 20% of her exports, Australia taking 18%, the European Union taking 12%, the United States which takes 11% and Japan taking 6%. The country’s economy is built on very well developed free market trade and is the 53rd largest economy worldwide. Although her trade and economic interests are closely aligned with those of Australia because of the Closer Economic Relations agreement between the two countries signed in 1983, the GDP of New Zealand is considered large for its population and land size.
There are only a handful of countries in the world that can lay claim to be a major oil producer in the world. Mexico is one of them. Mexico has long been a trade partner with the United States, Spain, New Zealand and other developed economies worldwide. In fact, Mexico is the 9th largest export economy in the world. With that said, here are their major exports and imports.
The United Kingdom consists of England, Wales, Scotland and Northern Ireland. It’s an island nation with several influential cities in different spheres from sports to culture and finance. The UK is also home to some of the world’s most influential ports. Five major ports in the United Kingdom 1. Port of Felixstowe This port is located in Suffolk and it’s also the busiest port dealing with 48% of the country’s container trade.
The ports and harbors in New Zealand are a direct result of the influx of early European settlers in New Zealand and trade. The settlers needed places to dock their ships and so they selected the places to settle down based on where they could bring in supplies via the water. The first ports and harbors were very rudimentary but by 1870, the settlers had organized themselves into a harbor board and engineers built proper harbor facilities.