The European Union (EU), the world’s largest trading block consisting of 27 countries, and China, the world’s 2nd largest economy with a global manufacturing powerhouse, are failing on the economic front to sustain bilateral trade for both export and import businesses. China and the EU dominated the export market worldwide, with more than 17% and […]
In a recent set of events, UK traders are worrying about the new strategy of the UK government. The latest UK post-Brexit border strategy is known as the target operating model (TOM). The new strategy proposal includes an additional levy on the import checks procedures. Due to the new border strategy by the UK government, […]
Key Highlights Global trade is showing a sign of recovery in 2023 driven by the strength of the EU’s imports and exports. EU’s trade in 2022 was USD 15,587 billion, an increase from USD 13,994 reported a year earlier. The trade of countries worldwide has also increased from USD 44,586 billion in 2021 to USD […]
EU-Indonesia to develop ties this year, so much so that the EU imports from Indonesia have surged by a value difference of about $3 billion. The EU is likely to import much higher than Indonesia’s import in the near time, as per the analysis of trade data of both countries. The imports of the EU […]
The EU nitrogen trade was US$294 million in 2021, an increase from the previous year. This dollar amount reflects the total imports and exports of nitrogen. In 2020, the European Union countries traded US$230 million worth of nitrogen. Germany appeared to be the country with the highest level of market value in 2021, comprising about […]
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