usimportdata

  IS THE BOND BETWEEN THE USA AND TURKEY STRONG OR WEAK? Turkey is a part of the NATO group and is situated at the southern ends of Europe and Asia. Turkey is one of those nations that provides shelter to one of the most skilled and young workforces. Also, due to its geographic location, the USA finds Turkey as the idlest place for trade and attracts numerous US companies to invest in it. The downside to this fact is that due to some negative reasons like economic and political activities in Turkey, the trade relations between US and Turkey are on the weaker side overall. In the year 2020, bilateral trade between the nations declined by 8% but in the year 2021, this trade grew by 33% and became USD 33 billion. The US Export Data with respect to Turkey grew by 19.5% whereas, the US Import Data grew by 45%. The major exports between the countries were space products, oil and gas, chemicals, and agro-products. On other hand, major imports were of petrol, textile, and iron produc...

GLOBAL MARKET OF AUTOMOBILE SECTOR – BIGGEST INDUSTRY IN THE WORLD The global automobile sector or industry consists of various companies and departments involved in various activities like designing, development, R&D, marketing, and selling. The automobile sector is considered the biggest industry in the world regarding revenue generation. On the other hand, this industry demands investment in R&D as customers nowadays have varied choices and tastes that keep on changing frequently. Everything was going smoothly till the time Covid 19 struck the world and the automobile industry. Since the advent of this pandemic, the industry is facing a lot of trouble in expanding itself. Due to the shortage of semiconductor chips, almost 11 million vehicles were cut from production in the year 2021. CAR MARKET OF USA - 2020 In the year 2020, the total trade of cars was nearly USD 645 billion, making it the second-largest traded product in the world. The largest importer was the Uni...

MARKET OVERVIEW OF THE FAVORITE EXPORTING ITEM FROM THE USA The commodity of which we are talking about is none other than “Refined petroleum”. In the global scenario, the market for refined petroleum was worth USD 586.2 billion in 2020. The market is projected to upscale and reach a benchmark of approximately USD 863.1 billion by the year 2028. The market of refined petroleum is driven by those organizations that convert crude oil (diesel, gasoline, LPG, and naphtha) to refined oil. The demand for refined petroleum globally is rising due to the rise in investments made by people in activities like construction, refinery expansion, etc. on the other hand, the demand for refined petroleum is increased due to the ever-increasing population of the world that leads to a rise in demand of commercial vehicles and products made from refined oil like waxes, lubricating oils, jet fuel, etc. WHAT IS THE CONTRIBUTION OF REFINED PETROLEUM IN US EXPORT DATA FOR 2020? Based on the informatio...