What Is a Trade Surplus/Deficit, and Which Is Better? A trade surplus is a situation in which a country’s export value is higher than its imports. A surplus in trade is an economic indicator of a positive balance of trade. On the other hand, a trade deficit signifies a negative trade balance. It occurs when […]
Introduction The US-China economic relationship comprises a complex structure of trade worth billions of dollars each year. This trading partnership with China, which has been on for over three decades, plays a vital role in the United States’ economy. For instance, imports of China’s goods into the U.S. market are lower-priced and beneficial to both […]
As global trade continues to experience rapid changes, international firms are continually seeking means to increase revenue and market share. Their strategies could include diversifying products/services, seeking new markets and better suppliers, prioritizing trade with certain partner countries, among others. However, to arrive at the best decision and effectively utilize resources, international organizations need statistical […]
Introduction Selling across international borders is not a new form of trade. It dates back to the biblical age, where cities traded in luxury merchandise like spices, textiles, and precious metals. It further goes back to the prehistoric era, when men traded inexpensive commodities among different tribes. For as long as man has existed, there’s […]
Own an online store and want to start selling your product around the world? No matter what your platform is (Amazon, eBay, Shopify, etc.) there are six universal steps you need to take before you can sell your product internationally. In this video, we cover customs duties. You will learn why it matters if you […]
Watch the above video about the impact of the global COVID-19 pandemic on international trade. We review the challenges and opportunities of the exporters and importers in the economic reality of quarantines and travel restrictions. We discuss the impact of the coronavirus in international trade in goods and services. We complete with the action items […]
This is the first lesson of a complimentary 5-lesson series. Let’s jump in. Can you build a house without a solid foundation? Just like you start building a house with a solid foundation, there are certain elements you must consider to ensure the long-term success and sustainability of your international trading business. More specifically: 7 […]
Why do some people succeed in international trade? Why can’t you be one of them? Fifteen years ago I started to help my father launch his international trade business in pharmaceuticals and medical equipment and supplies area. I had no clue where to start with, how to select the right foreign supplier, negotiate with the […]
Canadian automotive parts are next on Trump’s tariff list. The U.S. could introduce up to 25% duty on automotive parts made in Canada. The problem is that over 75% of the parts are either directly exported to the U.S. or end up in the Canadian-assembled cars destined to the south of the border. The tariff, […]
Choosing 2 markets in 195 options is harder than choosing 6 in 49 digits on your Friday lottery ticket. If picking random numbers may result in a fortune, picking random international markets is a guaranteed recipe for disaster. During our upcoming Export & Import Boot Camp in Toronto on April 24, 2018, we will pay […]
