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World’s Fastest-Growing Export Services
From 2012 to 2016, the average increase for all export services was 7.9%. Total export services sales grew from US$13.28 trillion in 2012 to $14.329 trillion during 2016. Miscellaneous maintenance and repair services was the fastest-growing service category over that five-year period via a 52.9% gain. In second place were telecommunications, communication and computer services … [Read more...] about World’s Fastest-Growing Export Services
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 moot, since the US imports … [Read more...] about US Custom Charges for Imported Mobile Phones
Canada’s Trade Report Card: EU Countries
The European Union represents Canada’s second-biggest trade partner. Canada’s exports to the European Union totaled US$30 billion in 2016, down by -22.5% over the five-year period starting in 2012. Year over year, the value of Canada-EU exports reversed that trend via a 2% uptick from 2015 to 2016. Representing a 43% share, the United Kingdom is the EU member that purchases … [Read more...] about Canada’s Trade Report Card: EU Countries
Most Valuable Cuban Export Products
Sugar, cigars and alcoholic beverages were among the 20 highest value Cuban export products in 2016. The most valuable Cuban exports also include nickel, iron/steel products and copper scrap. Natural honey also appears among Cuba’s highest value exports. The following list shows which product categories provide Cuban exporters with the most cashflow. Unlike most information … [Read more...] about Most Valuable Cuban Export Products