Natural resources play a vital role in the US economy, fueling various industries and driving growth. As one of the world’s largest consumers of natural resources, the United States relies heavily on international trade to meet its demand for essential raw materials. This article provides a comprehensive guide to the global sourcing of natural resources … Read more
The Unforeseen Benefits of Global Trade Network Fracturing In the past, we have discussed three essential domestic characteristics supporting U.S. economic growth: strong household balance sheets, robust corporate balance sheets, and positive demographic trends. This article introduces a fourth pillar: the fracturing of global trade networks. Background: The Development and Decline of Global Trade Networks … Read more
The global wheat market has experienced significant changes in recent months, with falling wheat prices despite a positive forecast from the United States Department of Agriculture (USDA). In this article, we will explore the reasons behind the fall in wheat prices, the impact of global economic and political factors on the wheat industry, the climate … Read more
On April 11th, the United States officially deposited its instrument of acceptance for the Agreement on Fisheries Subsidies, making it the fourth World Trade Organization (WTO) member and the first among the large fishing nations to do so. This crucial step underscores the country’s commitment to ocean sustainability and the responsible management of global fisheries … Read more
In December 2020, the European Union, together with 17 other countries, including the United States, Canada, Japan, and Australia, adopted a new Code of Conduct on Export Controls and Human Rights (ECHRI). The ECHRI Code of Conduct aims to balance national security concerns with the protection of human rights in the context of international trade. … Read more
Yellow corn is a versatile crop that plays an important role in global trade as both animal feed and a source of human food products. The economics of yellow corn trade is a complex system influenced by various factors including production and consumption trends, trade policies, global economic factors, and the distinction between genetically modified … Read more
Soybean prices are showing signs of recovery, with prices up 6% for the week in April 2023. This marks a significant turnaround for the market, which has been plagued by oversupply and low prices in recent years. Overview of the Soybean Market Soybeans are one of the world’s most important crops, used for a wide … Read more
Chicken meat is a versatile and widely consumed protein source that is in high demand globally. With an increasing appetite for chicken meat, the international trading market for chicken meat is expanding. In this article, we will explore the top world sellers and imports of chicken meat, highlighting the key players in the global market … Read more
Customs procedures and documentation are critical aspects of international trade that every exporter and importer must understand and comply with to ensure the smooth movement of goods across borders. Each country has its unique set of customs regulations, which can make the process complex and time-consuming for busy traders. This comprehensive guide provides a country-by-country … Read more
The United States’ role in the global market The United States is one of the world’s largest exporters of goods and services, with a diverse range of products that cater to different industries and markets. In 2020, the US exported over $1.4 trillion worth of goods and services, with the top 10 products accounting for … Read more