US Custom Charges for Imported Mobile Phones

If your smartphone-making business is located in Cuba or North Korea, the custom duty tariff rate on mobile phones imported into the US is a hefty 35%. That’s because those two countries are considered “Column 2 Countries” — entities outside of normal trade relations that America enjoys with other countries. Currently this dubious distinction is […]

Britain’s Top 10 Imports

Formally called the United Kingdom of Great Britain and Northern Ireland, Britain imported US$629.2 billion worth of goods in 2015, down by -12.3% since 2011. Year over year, British imports declined by -9.4% from 2014 to 2015. During the first 3 months of 2016, the slowdown in Britain’s imports continued with global purchases falling -4.3% […]

Practical Joke Items Exporters

Would you believe that practical joke items exporters earn over one billion dollars annually? Don’t laugh, it’s true. Global sales for practical joke items exporters amounted to US$1,253,536,000 in 2014. That figure represents a 30.2% gain from 2010 and is up 17.3% since 2013. The 6-digit Harmonized Tariff System code prefix for practical joke items […]

Brazil Major Product Supply Advantages

Brazil ran an overall trade deficit of -US$4 billion for 2014. However, Brazil did earn positive trade balances with 156 of the 222 foreign geographic entities with which it exchanges exports and imports. Brazilian exports to exceeded Brazil’s imports from Asian nations by $5.5 billion in 2014. Similarly, Brazil achieved a $5 billion trading surplus […]

US Major Product Supply Advantages

United States ran an overall trade deficit of US$726.3 billion for 2014. However, the US did earn positive trade balances with 128 of the 220 foreign geographic entities with which it exchanges exports and imports. US exports to exceeded its imports from Latin America (excluding Mexico) and Caribbean Islands by $31.8 billion in 2014. Similarly, […]

Stephen Harper’s International Trade Record

Stephen Harper has been the Canadian prime minister since 2006. This analysis shows that the Conservative Party leader has posted a mixed record in positioning Canada’s competitive advantages on global trade markets. Trade balances trending down In 2005, the year before Harper was elected to his first term, Canada posted a trade surplus equal to […]

Greece’s Trade Deficit is Sobering

During 2014, the amount of money flowing out of Greece to pay for imported products amounted to US$62.2 billion. That total is far greater than the $35.8 billion Greeks earned from sales of its exports. Officially called the Hellenic Republic, Greece’s trade deficit for 2014 is $26.4 billion. Given a population of 10.7 million increasingly […]

World’s Fastest-Growing Export Countries

After analyzing 2014 data, we found 7 countries that boosted the value of their shipments by over 300% since 2010. Located on the Horn of Africa, Eritrean exporters performed particularly well posting a 3,470% improvement. Kiribati, an island nation in the central Pacific Ocean, also experienced a significant gain in the value of its exports […]