Stay updated with the Global Import and Export Industry with Well Formulated Information
Determining the right market for a product is a challenging task for exporters to consider various factors including product demand, market price, overseas country, trade barriers, and so on. If you are a beginner and ready to ship your product into foreign market, here are some tips that will help you in making the right decisions.
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US Apparels imports (Chapter 61) accounted for approximately $38.2 billion in the year 2020. The top countries importing apparels to the US were mostly the Asian countries such as China, Vietnam, Indonesia, India, Bangladesh, and others for the year 2020, as per import and export statistics 2020-2021.
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India and the US are sharing a trade agreement for the trade of commodities in fruits. The trade agreement between both countries involves the sharing of the resources both countries require from each other. These fruits include Indian mangoes and pomegranates exports to the US, while cherries and alfalfa hay, along with pork products from the US to India.
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Bangladesh and India, the two South-Asian countries, have been in a close relationship in sharing of the resources through trade. While India imports apparels and animals or vegetables fats & oils from Bangladesh, Bangladesh imported commodities such as cereals and cotton from India the most, as per our import and export data 2021 by countries.
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With the discovery of a new coronavirus variant, Omicron, the global economy and trade flows expect to be slumped like the year 2020. Several countries have again put restrictions on travel and public transport. However, among all this, the Organization of the Petroleum Exporting Countries (OPEC) have raised the oil prices and production despite the situation.
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