TradeImeX

OVERVIEW The first-ever diplomatic relations between Vietnam and Israel were set up in the year 1993 and the beginning of 2023 completes 30 successful years of this bilateral trade relation. With the completion of 30 years, the two nations recently completed their Free Trade Agreement Negotiations also. These trade negotiations took a time frame of seven long years and 12 different rounds of negotiations to get materialized finally.  It has been said that the VIFTA agreement is one of the major milestones that was supposed to be achieved in the bilateral trade between Vietnam and Israel. This will surely give a boost and extra mileage to the trade figures between these nations. This agreement will act as a foundation for the bilateral trade between Vietnam and Israel and would be responsible for creating a framework that will further improve the economic and trade ties between these countries with the utmost integrity and transparency.  VIETNAM AND ISRAEL BILATERAL TRADE INSIG...

TRADE RELATIONS BETWEEN TURKEY AND VIETNAM Both nations are one of the most rapidly developing nations in the world and are currently attracting a lot of foreign investors to invest in their country due to their efficient labor, cheap prices, and good quality products. Vietnam is a member country of the ASEAN group whereas, Turkey is a member of the EU group. Both nations are contributing more than their potential and are considered the most crucial part of their respective groups. The overseas trading between the two nations started way back in the year 1978. The association became stronger after the year 1997 as both countries signed a Bilateral Trade Agreement. Since then and till now, both nations are into frequent trade practices and no such political tension has risen between the two. BILATERAL TRADE BETWEEN TURKEY AND VIETNAM As per the statistics, and Turkey Trade Data for the year 2021, Turkey exported goods worth USD 336 million to Vietnam. The major goods exported...

THE RISE OF IMPORTANCE FOR GLOBAL TRADE DATA To experience the effects of Global Trade in any country, one must visit a nearby supermarket or hypermarket. This is so because if a person finds products listed in the market which are from different countries, like Brazilian coffee, Thailand’s chocolates, or South African wine then it becomes sure that his or her country is into international trade and hence maintains a Global Trade Data for itself every fiscal year. In layman’s terms, international or global trade is a type of trading practice wherein goods and services are traded between different countries and continents. Be it consumer goods, eatables, or machinery, everything is traded in the global market.  Also, to maintain the records of each transaction that took place in a year, every country is bound to create Global Trade Data for itself for yearly presentation wherein it records all imports and exports that happened along with the amount of quantity sold or bought. ...

MAJOR INDUSTRIES CONTRIBUTING TO VIETNAM TRADE DATA OVERVIEW Vietnam is a rapidly growing country that is primarily located in the Southeastern part of Asia. The country shares its major borders with China and Laos. Vietnam Is equipped with a huge coastline that runs throughout the South China sea. If we talk about the size, it is the 21 st largest country in the world. As per Vietnam Trade Data for the year 2020, the country imported goods worth $270 billion and secured 18 th position amongst all countries. On the other hand, Vietnam exported goods worth $300 billion and secured 16 th position amongst all countries. Vietnam Trade data is indeed one of the best sources of data that helps a marketer to know about current trends and insights that are prevailing in the Vietnamese market. Due to the cheap and young labor that is available in the nation, Vietnam is becoming a potential source of profit generation for many companies and firms. Big companies are setting up their pl...

OVERVIEW Based on the analysis of the past few years, it is noted that Turkey exported cars and spare parts for motor vehicles the most, accounting for USD 10.1 billion and USD 4.60 billion respectively in the year 2020. If we refer to import export data for the year 2022 in the month of July, it is clearly observed that Turkey was into exporting vehicles the most. The figure was close to USD 1.72 billion. From the trend, it is a bit obvious that the automotive industry in Turkey is on the growing side and will be a booming industry in the future. It is also estimated that the import export data of Turkey will be dominated by the automobile sector in the upcoming years. Nonetheless, the automobile industry has emerged and has been the major contributor to the country’s GDP. If you glance over the import export data of the country for the year 2016, you will be surprised to know that Turkey has already secured 14 th rank in the world for greatest automotive manufacturing country i...