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Importing and Exporting
Importing refers to the act of bringing services and goods from a foreign market into the country. Exporting, on the other hand, refers to the act of selling goods and services from the home country to other countries.
5,102 Questions
What is the difference in the value between what a nation imports and what it exports over time?
hairy nut nation
impose taffrifs on goods being imported and limiting import quotas to promote fair competition with domestic traders
What are the effect of dollarization in developing country?
since dollarization replaces country's currency, it will lead to depreciation of local currency. Investors wont find it worth investing in a country with falling local currency as it will fetch them no good return. Also, it will affect our export. Import would be expensive.
Which country does Canada export the most lumber to?
Canada exports the most lumber to the states more that 50%.
When a nation's exports exceed its import what is it called?
When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus.
What is the importance of incoterms in international trade?
The goal of the Incoterms is to alleviate or reduce confusion over interpretations of shipping terms, by outlining exactly who is obligated to take control of and/or insure goods at a particular point in the shipping process.
Incoterms regulate:
The distribution of documents.
The conditions for delivering goods.
The cost of transporting goods.
The responsibility of risk in shpping the goods.
What did rhapta import in AD 100?
Around A.D. 100, Rhapta imported ivory and tortoise shells.
DO NOT BE LAZY TO DO YOUR HOMEWORK, KID!
You can't rely on this forever you know... v.v Well of course you DON'T know because you posted your History question on here. T 3 T
Why do other countries trade with china?
the united states has had many things made in china and to pay them back we trade them things.
Does excise duty includes in Ex Works price?
Unless otherwise catergorically mentioned Ex- works price always include Excise duty.
What impediments to exporting success do companies such as Morgan and Wadia face?
Ignorance of available agencies that help SMEs to export. Inability to secure necessary funds to pursue export trade. Ignorance and Ignorance and Ignorance is what keeps people and companies from growing. Every company started small and at the time is like a chick in an eggshell if it is ignorant that it can crack the shell and come out it will remain where it is and die.
Is the us the largest exporter of manufactured goods?
Not even close. China and Germany both rock the US in exported manufactured goods. China Exports about 4 times that of the US. 73% of all Manufactured goods in the US are sold in the US (buy American anyone?). You guys are destroying your own economy by being blindly patriotic. Wake up and join the global stage...
You can confirm this numbers with wiki if you wish, the question had me curious myself and I was rather shocked at what the research suggests.
Why a country might favor some sort of trade restriction?
The purpose of trade restriction is to protect some domestic industry from foreign competition.
They were able to make large profits.
What is the current NWE platts d2 price?
NWE stands for "North Western Europe" or what used to be called "Rotterdam".
It moves up and down with the market, and the price quote is given in numerous places. The dominant Platt quote is for North Western Europe (NWE), used to be known a "Rotterdam Platt". This is given in US dollars per metric tons.
The quantity traded is assumed to be 5000MT or a barge.
The Platt quotes are published by Wiley and is actually not the price of the commodity D2 Gasoil, but for the future option. Futures are traded for deliveries to be done and is used by the banks to split the profit or loss made on commodity traded on long term contracts. The pertinent question to raise is then if the Platt price quoted is formed by the banks to meet their "bets" on expected price, or actually determined by variation in supply and demand for a product.
There are a number of sites that provide the price quote. You need a paid subscription to receive the quote from Platt. The alternative is to look at bunker-prices (ship'd fuel) world wide. These bunker prices are what ship-owers pay for 1 MT of "MDO" or "MGO" - Marine Diesel Oil/ Marine Gas Oil. The other bunker fuels are furnace oils such as CST180
When you take something from your contry and ship it to another contry. For example, if you lived in china, you might send something like rubber braclets to the US. That is exporting.
