Volkswagen, Skoda and Audi import almost their entire vehicles in India
A notification issued on September 30 said that Volkswagen had bypassed the 30 to 35 percent tax on unassembled vehicles (classified as CKD) The Indian government accused Volkswagen of underpaying $1.4 billion in import duties due to misclassification of auto parts. A notice issued on September 30 said that Volkswagen has bypassed the 30% to 35% tax imposed on unassembled vehicles by calling them "individual parts" % tax, ranging from 5 to 15% per car. point. Volkswagen imported nearly complete cars for assembly in India, using staggered shipments to disguise their assortment, according to officials. Customs authorities described the practice as a deliberate plan to avoid higher tariffs. According to reports, Volkswagen India owed US$2.35 billion in debt over the past decade, but only paid US$981 million, resulting in a deficit of US$1.36 billion. The notification also outlines the logistics methods employed, claiming parts are shipped in separate containers with multiple invoices over several days but arrive at Indian ports…
World ECR | UK updates sanctioned import licensing system
The UK Office of Financial Sanctions Implementation (OFSI) announced on November 19 that it had updated its import licensing process and revised its guidance on sanctions programs targeting Iran, Belarus, North Korea and the Central African Republic. As part of the service update, the previous Import Case Management System has been renamed Application for Import License, which includes new email contacts and web links across multiple sanctions regimes. These changes affect the Iran (Sanctions) (Nuclear) (EU Withdrawal) Regulations 2019, the Democratic People's Republic of Korea (Sanctions) Regulations 2019, the Republic of Belarus (Sanctions) Regulations 2019 and the Central African Republic (Central Africa) Regulations 2020. Guidance document for the Republic (Sanctions) Regulations. guide? utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=a2127456 7584-469d-bf6b-20d8954a2d50&utm_content=IMMEDIATELY guide? utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=5113503d d8e7-40ae-9c3f-0b5464462bda&utm_content=IMMEDIATELY guide? utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=7c7ded9b e097-4275-85dd-76ec6bf08cf3&utm_content=IMMEDIATELY
2025 Genesis GV80 3.5T Prestige AWD
this is not every day You have the opportunity to drive the car manufacturer's true first. Back in June 2021, I had the pleasure of seven Take a road trip from Peoria, Arizona to San Diego, California and back in Genesis' first SUV, the GV80. I fondly remember the time spent with my family and that test car. The GV80 3.5T Advanced+ AWD impresses with its blend of understated and distinctive styling, generous interior dimensions and amenities, and reassuring safety and driver-assist features. But now the GV80 is halfway through its product life cycle, which means the 2025 model is a mid-cycle refresh. Is the updated model as cute as the original? line-up I drove the 2025 GV80 3.5T Prestige AWD to find out, the flagship model with the most powerful engine and most luxurious interior. Its as-tested price reflects the full range of configurations. The entry-level 2.5T with standard AWD starts at $58,200 with a 300-horsepower 2.5-liter turbocharged I4,…
Strike fears drive import surge at U.S. ports
U.S. container imports are expected to increase through the end of the year as retailers prepare for possible East Coast and Gulf Coast port strikes and higher tariffs under President-elect Donald Trump. Uncertainty over labor negotiations and proposed tariffs is prompting retailers to speed up shipments and reroute cargo to West Coast ports to avoid disruptions, according to the National Retail Federation's latest Global Port Tracker report. In October, the International Longshoremen's Association (ILA) held a brief strike, eventually reaching a tentative agreement to extend the contract until January 15 and consider increasing wages. Jonathan Gold, NRF's vice president of supply chain and customs policy, warned that if negotiations reach an impasse, a prolonged strike could occur, triggering contingency measures by shippers. Ben Hackett, founder of Hackett Associates, added that the recent surge in imports was driven primarily by these preemptive actions rather than organic demand. Against this backdrop, President-elect Trump has proposed imposing tariffs of up to 20% on…
CIIE-Shanghai CIIE-China International Import Expo Business Directory and Exhibition Catalog How much does it cost?
How to apply for the list of exhibitors and the catalog of the International Import Exhibition (CIIE)? How muchApplication for the electronic magazine: Make an appointment online for the magazine and the list of exhibitors2020 CIIE-Shanghai CIIE-China International Import Expo Electronic Journal2021 CIIE-Shanghai CIIE-China International Import Expo Electronic Journal2022 CIIE-Shanghai CIIE-China International Import Expo Electronic Journal2023 CIIE-Shanghai CIIE-China International Import Expo Electronic Journal2024 CIIE-Shanghai CIIE-China International Import Expo Electronic JournalShanghai International Import Expo catalog purchase, exhibitor list purchase, exhibition catalog and electronic catalog reservation (purchase consultation platform: Juzhan.com)From November 5 to 10, the 7th China International Import Expo will be held at the Shanghai National Convention and Exhibition Center. The corporate exhibition of this CIIE continues to maintain a large scale of more than 360,000 square meters. A total of 3,496 exhibitors from 129 countries and regions participated. The number of countries (regions) and the number of companies have exceeded the previous one.The circle of friends of the CIIE is…
Shanghai East China Import and Export Fair 2025 Exhibition Guide (Time, Venue + Where to Buy Tickets?)
Shanghai East China Import and Export Exhibition - China Exhibition Exhibition scale: Exhibition area 126,500 square meters, number of visitors 36,054, 3,500 exhibitors Exhibition duration: 2025.03.01-03.04 Accommodation address: No. 2345 Longyang Road, Pudong New District, Shanghai Exhibition Hall: Shanghai New International Expo Center Sponsor: Ministry of Commerce of China Ticket information: Extension ticket 2025.03.01-03.04 30.00 yuan Ticket booking guide: 1. Visit the corresponding exhibition page of Juzhan.com or the official website of Shanghai East China Import and Export Fair. 2. Click on the “Ticket Booking” or “Apply Now” button to enter the booking page. 3. Fill in personal information according to the prompts, including name, contact number, ID number, etc. 4. Submit the request after confirming that the information is correct. 5. After receiving the successful booking notification, keep the confirmation information in the text message, WeChat or email. Shanghai East China Import and Export Fair - China Fair Exhibition Scope: Clothes and clothing:Fashion clothing exhibition area, maternal and child…
The complexities of manually carrying items for import and export
By Shawna Karajic, Export Solutions Inc. Commercial carry-on shipments are classified as imports or exports and therefore require the same compliance review as items shipped in standard packaging. Does your organization engage in the import or export of manual shipping of commercial items? If so, do you have a formal policy or procedure to ensure compliance with relevant regulations? In today's globalized world, it's not uncommon for travelers to find themselves needing to transport business items across borders. Whether you're a small business owner attending a trade show or an employee at a Fortune 500 company delivering spare parts to customers, holding business items in hand presents a unique set of challenges. Not only do you have more issues to deal with when taking them with you, but you also have the potential for export violations. Here's a closer look at the issues you may encounter when traveling with business items. 1. Customs regulations and compliance One of the most…
Exhibition Guide Shanghai East China Import and Export Fair 2025 (time, location, how to book tickets?)
Shanghai East China Import and Export Exhibition - China Exhibition Exhibition time: 2025.03.01-03.04 Host venue: Shanghai New International Expo Center Hosting address: No. 2345 Longyang Road, Pudong New District, Shanghai Exhibition scale: Exhibition area: exhibition 126,500 square meters, number of visitors 36,054, exhibitors 3,500 Sponsor: Ministry of Commerce of China Ticket booking guide: 1. Visit the official website of Shanghai East China Import and Export Fair or the exhibition page of Juzhan.com. 2. Click the “Ticket Booking” or “Apply Now” button to enter the booking page. 3. Fill in personal information according to the prompts, including name, contact number, ID number, etc. 4. Submit the appointment request after confirming that the information is correct. 5. After receiving the successful booking notification, keep the confirmation information in the text message, WeChat or email. Extension ticket 2025.03.01-03.04 30.00 yuan Shanghai East China Import and Export Fair - China Fair Exhibition Scope: Clothes and clothing:Fashion clothing exhibition area, maternal and child underwear exhibition…
Shanghai East China Import and Export Fair – China Fair 2025 Time and Venue
Shanghai East China Import and Export Exhibition - China Exhibition Duration: 2025.03.01-03.04 Exhibition Hall: Shanghai New International Exhibition Center Venue: No. 2345, Longyang Road, Pudong New District, Shanghai Exhibition Scale: Exhibition area 126,500 square meters, number of visitors 36,054, exhibitors 3,500 Organizers: The very Shanghai East China Import and Export Fair 2025 is planned by the Ministry of Commerce of the People's Republic of China - The China Fair will be held at the new Shanghai International Exhibition Center from 2025.03.01 to 03.04, providing a valuable communication platform for the consumer goods industry. , allowing 36,054 attendees to gain insight into industry trends and explore the latest technologies. Shanghai East China Import and Export Fair - China Fair Introduction: Shanghai East China Import and Export Exhibition-China Fair (Abbreviation of East China Fair: ECF)It is the largest import and export trade exhibition in China, focusing on the textile, garment and light industrial products industries. It is jointly organized by 9 provinces…
Year-end review of global import and export trade in 2024
November 12 (in-person event) | November 19-21 (virtual panel) As per tradition, we are pleased to invite you to our annual event Global import, export and trade compliance development year-end review meeting. The conference will provide valuable insights into the latest developments, challenges and opportunities in the ever-changing international trade landscape. We are hosting this conference in a split-hybrid format, Live event on November 12 in Santa Clara, CA and Virtual panel discussion November 19-21. See details below. Exact topics may vary depending on how close the event is. November 12: Live event Join us for an important fireside chat after the US presidential election"Leading the future of U.S.-China business relations" feature Kyle SullivanVice President of Business Advisory Services, U.S.-China Business Council (USCBC). The fireside chat will be followed by two panelsOne explores the changing trade-related risks and mitigation measures in M&A transactions, including internal views on due diligence techniques, the impact of the proposed outbound investment regime, etc., and…
The 39th Issue of Exhibitor and Exhibition Information of the 7th China International Import Expo｜Number 6 of the Food and Agricultural Products Exhibition Area (Beverage and Liquor Section)
The seventh CIIE will be held at the National Convention and Exhibition Center (Shanghai) from November 5 to 10. We will publish information about exhibitors and exhibits step by step before the exhibition to facilitate an accurate welcome with exhibitors and traders. This number is the 6th number of the food and agricultural products exhibition area (Hall 1.2 of the drinks and alcohol section).— Exhibition space for food and agricultural products —The food and agricultural products exhibition area brings together the world's best specialties, including drinks and alcohol, snacks, sweets, condiments, fruits and vegetables and agricultural products, dairy products, meat, aquatic products, frozen foods and whole foods. create a special “dairy products” zone, a “special agricultural products zone” and a “special plant seed industry zone”. The exhibition space brings together thousands of food companies from hundreds of countries and regions, constantly adapting to technological changes and major global trends in the food industry.This issue mainly features four exhibitors from the…
The 42nd Issue of Exhibitor and Exhibition Information of the 7th China International Import Expo｜Auto Exhibition Area, Issue 2 (Future Travel Section)
The seventh CIIE will be held at the National Convention and Exhibition Center (Shanghai) from November 5 to 10. We will publish information about exhibitors and exhibits step by step before the exhibition to facilitate an accurate welcome with exhibitors and traders. This number constitutes the second phase of the automobile exhibition space (Hall 2.1 of the future travel section).—Auto show area—The exhibition area is positioned as a "global travel technology display platform and automobile new product launch platform", showcasing passenger cars, commercial vehicles, auto parts, culture and automotive lifestyle, automobile manufacturing, future travel and other categories, and showcasing global leaders. car manufacturers. Advanced solutions, development results and future vision.This issue mainly features information on five exhibitors from the future mobility sector, including Ampaire Inc., TCab Tech, Essence Value Limited, AERLYTE, INC. and HRC, as well as what exhibitions they plan to exhibit.▌Ampaire Inc.In March 2016, Ampaire Inc. was registered in Los Angeles, California, United States. The company's technological strategy…
Fieldbar Tour – Import and Export Licenses
Fieldbar revolutionized the cooler with a focus on design, functionality and sustainable craftsmanship. Their handcrafted coolers offer superior ice retention, stylish aesthetics, and the ability to be repaired or replaced, making them a popular choice for everyday use and outdoor adventures. Born from the desire to create outdoor products that will last a lifetime, Fieldbar has grown from a local success story to a global brand. They have attracted international attention for their innovative designs and commitment to quality, even gaining a spot in London's famed Harrods department store. This export success story takes a quick look back at Fieldbar's journey, exploring the inspiration behind the brand and its impressive local and international expansion. How did you get started? Co-founders Lee Hartman and Corban Warrington observed that existing coolers on the market were of poor quality, offered limited organizational space, and lacked visual appeal. This is when Fieldbar steps in in a fashionable way! How is Fieldbar navigating the South…
Entrepreneur Success Stories: TUNL – Import and Export License
TUNL is helping hundreds of South African businesses “unlock exports”, making international shipping affordable, transparent and simple. They are dedicated to providing export services to businesses of all sizes. Whether you're a small start-up or an established enterprise, they have the tools and resources you need to navigate the complexities of global trade with ease. How did you get started? Matthew and I founded TUNL in 2022. In our previous ventures, we both suffered from the limited and expensive courier options available to businesses in South Africa. After arranging interviews with approximately 20 South African businesses and researching the technology-enabled express options that existed in other markets, we realized there was a huge need and opportunity for an enabler like TUNL and got to work. What advice do you have for new exporters? We’ve noticed that first-time international shippers often make similar mistakes or have similar knowledge gaps. We think the following information is essential to know before shipping your…
Understanding the new steel import regulations: What you need to do
In order to more strictly regulate steel imports, the U.S. government has proposed new requirements that will affect importers of steel and its derivative steel products. Effective November 21, 2024, importers must comply with specific reporting requirements regarding the origin of their steel products, specifically imports of steel and steel derivatives originating in Mexico. Major changes in steel import tariffs Announcement No. 10783 takes effect on July 10, 2024, imposing an additional 25% tariff on certain steel products imported from Mexico. As part of the new tariff regime, importers must report "melt and dump" origins. Importers will now be required to track, identify and provide the country of melting and pouring for imported steel products from all countries and for derived steel products imported from Mexico. A "melt and pour country" refers to a place where crude steel is first produced in a liquid state and then cast into its initial solid state. The starting solid may be in the…
Year-end review of global import and export trade in 2024
As per tradition, we are pleased to invite you to our annual Global Import, Export and Trade Compliance Development Year-End Review Meeting. The conference will provide valuable insights into the latest developments, challenges and opportunities in the ever-changing international trade landscape. We will be holding this conference in a split-hybrid format with an in-person event on December 12, 2019 in Santa Clara, California. November 12 and virtual panel November 19-21. Live event November 12 Join us for an important post-election fireside chat on "Navigating the Future of U.S.-China Business Relations," including Kyle Sullivan, Vice President of Business Advisory Services, U.S.-China Business Council (USCBC). The fireside chat will be followed by two panels, one Explores the changing trade-related risks and mitigation measures in M&A transactions, including internal views on due diligence techniques, the impact of the proposed outbound investment regime, and more. The second addresses discussions around escalating global sanctions enforcement and investigations, including the geopolitical dynamics behind Political drivers increase…
Brief strikes at U.S. ports won’t derail import surge
U.S. container imports are expected to remain strong despite brief three-day strikes at Eastern and Gulf Coast ports, supporting the upcoming holiday shopping season. The strike was initiated by the International Longshoremen's Association on October 1 after its main contract with the American Maritime Union expired, but it ended quickly and temporarily extended the contract until mid-January. READ ALSO: Protracted port strike narrowly avoided for now Retailers and consumers alike are relieved by the swift resolution. Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation (NRF), stressed that while it will take several weeks for ports to recover, holiday shipments are not expected to be significantly affected. In fact, U.S. ports have been handling strong cargo volumes. August increased 19.3% year-on-year to 2.34 million twenty-foot equivalent units (TEU), the highest level since May 2022. September's figure is expected to rise 12.9%, and October's growth is expected to be 3.1%. % Increase. Overall trends indicate…
Remember this date: Global import and export year-end review and
As is tradition, we are pleased to invite you to our annual Global import and export year-end review and trade compliance development meeting. The conference will provide valuable insights into the latest developments, challenges and opportunities in the changing international trade landscape. We will host this conference as a split hybrid format with an in-person event in Santa Clara, California. November 12 And virtual panel November 19-21. See below for details. Live Events Join us for an important fireside chat on "Navigating the Future of U.S.-China Trade Relations" featuring Kyle Sullivan, Vice President of Business Advisory Services at the U.S.-China Business Council (USCBC). The fireside chat will be followed by Two panels The forum will explore forward-looking M&A insights related to trade due diligence, outbound investment, and discuss the challenges posed by escalating global sanctions enforcement.Learn from our speakers and gain the knowledge to make informed decisions and gain a competitive advantage in the evolving global marketplace. Please note that…
Major import markets for petroleum lubricants worldwide
In the global petroleum lubricants and greases market, certain countries stand out as key players in terms of import value. According to the IndexBox market intelligence platform, the following are the top ten global petroleum lubricants and greases import markets (by import value) in 2023: See also: Crude oil and refined petroleum product import markets 1. China – $641.3 million China becomes the largest import market for petroleum lubricants and greases, with imports of $641.3 million in 2023. China's strong manufacturing and growing automotive industry are driving demand for lubricants and greases. 2. Germany – $378.5 million Germany ranks second in terms of import value, with imports of petroleum lubricants and greases valued at $378.5 million in 2023. The country’s highly industrialized economy and advanced manufacturing are key factors behind its large import volume. 3. Canada – $287.8 million Canada is another major import market for petroleum lubricants and greases, with imports of $287.8 million in 2023. The country’s diversified…
Best import market for non-corrugated boxes
In today’s global economy, the paper packaging industry plays a vital role in ensuring that goods are transported safely and efficiently. Non-corrugated paperboard is one of the most common types of packaging used for a variety of products, from food to electronics. In this article, we’ll take a closer look at the world’s best non-corrugated paperboard import markets, based on data from the IndexBox market intelligence platform. Also read: Why corrugated-free boxes are the future of stylish and sustainable packaging 1. United States – $1 billion The United States is the world’s largest non-corrugated box import market, with imports valued at $1 billion in 2023. The strong retail and e-commerce industries in the United States drive the demand for non-corrugated boxes used to package and ship a variety of products. 2. France – $970.5 million France follows the United States with imports of $970.5 million in 2023. The country’s diversified manufacturing industry relies heavily on non-corrugated boxes to package goods…
Discover the world’s best rail cargo import market
In the railway wagon import market, there are several key players dominating the industry. According to the latest data from IndexBox market intelligence platform, the top ten countries in the world in terms of railway wagon import value in 2023 are Germany, the United States, Canada, Austria, Australia, Kazakhstan, Slovakia, Mexico, Poland and the Czech Republic. Also read: U.S. rail freight car exports to drop to $500 million in 2023 1. Germany – $787.6 million Germany tops the list with imports valued at $787.6 million in 2023. The country’s strong demand for rail wagons is supported by its extensive railway network and strong economy. 2. United States – $365.8 million The second largest importer was the United States, which accounted for $365.8 million. The country’s extensive railway system and demand for reliable freight transportation make it a key player in the global rail freight car market. 3. Canada – $328.4 million Canada follows the United States with imports of $328.4…
Shanghai Import Expo 2024-China International Import Expo CIIE will be held when, where and how much are tickets?
The highly anticipated Shanghai International Import Expo - China International Import Expo CIIE will be held in grand style at the National Convention and Exhibition Center in Shanghai from 2024.11.05 to 11.10, providing a valuable communication platform for the trade industry, allowing participants to gain insight into industry trends, explore the latest technologies, and have in-depth exchanges with industry leaders. Friends who need to go to the exhibition should keep this exhibition guide. Shanghai International Import Expo - China International Import Expo CIIE Exhibition time: 2024.11.05-11.10 Exhibition venue: Shanghai National Convention and Exhibition Center Exhibition address: No. 333, Songze Avenue, Xujing Town, Qingpu District, Shanghai Exhibition scale: exhibition area 367,000 square meters, number of visitors 394,000, welcomed by 3,400 Exhibitor unit: Ministry of Commerce of the People's Republic of China, Shanghai Municipal People's Government Introduction to the exhibition:Shanghai International Import Expo-China International Import Expo (CIIE) is the world's first national exhibition on the theme of import.China International Import Expo (CIIE)It…
Shanghai Import Expo 2024-China International Import Expo CIIE will be held when, where and how much are tickets?
The highly anticipated Shanghai International Import Expo - China International Import Expo CIIE will be held in grand style at the National Convention and Exhibition Center in Shanghai from 2024.11.05 to 11.10, providing a valuable communication platform for the trade industry, allowing participants to gain insight into industry trends, explore the latest technologies, and have in-depth exchanges with industry leaders. Friends who need to go to the exhibition should keep this exhibition guide. Shanghai International Import Expo - China International Import Expo CIIE Exhibition time: 2024.11.05-11.10 Exhibition venue: Shanghai National Convention and Exhibition Center Exhibition address: No. 333, Songze Avenue, Xujing Town, Qingpu District, Shanghai Exhibition scale: exhibition area 367,000 square meters, number of visitors 394,000, welcomed by 3,400 Exhibitor unit: Ministry of Commerce of the People's Republic of China, Shanghai Municipal People's Government Introduction to the exhibition:Shanghai International Import Expo-China International Import Expo (CIIE) is the world's first national exhibition on the theme of import.China International Import Expo (CIIE)It…
WorldECR | OFSI Updates Russian Diamond Import Guidelines
Home > information > OFSI Updates Russian Diamond Import Guidelines The UK Office of Financial Sanctions Implementation (“OFSI”) has updated its guidance on Russian diamond imports. It is now provided that, under section 46Z16R, “A license may be granted for the import of certain Russian diamonds processed in a third country if the import license relates to the fulfilment of obligations under a contract concluded before March 1, 2024, and the weight of such diamonds is greater than or equal to 1 carat. A license may be granted for the import of certain Russian diamonds processed in a third country if the import license relates to the fulfilment of obligations under a contract concluded before September 1, 2024, and the weight of such diamonds is greater than or equal to 0.5 carats but less than 1 carat.” For more guidance, see: Looking for expert advice on export controls or sanctions issues? Subscribe now to receive Regular updates on the latest…
CIIE Visiting Guide of China International Import Expo 2024 Shanghai (Time+Venue+Ticket Booking+Transportation)
(China International Import Expo) The 7th Shanghai International Import Expo - China International Import Expo CIIE will be held at the National Convention and Exhibition Center in Shanghai from November 5 to November 5, 2024. This article will discuss the time and venue of the show. ., ticket purchase and other related information are detailed. From November 5 to 5, 2024, the National Convention and Exhibition Center in Shanghai will open an industry event: the Shanghai International Import Expo and the China International Import Expo (CIIE). This large-scale event is not only an exhibition, but also a high-end communication platform that brings together well-known domestic and foreign enterprises, experts, scholars and industry leaders. The following will introduce information on participating in the exhibition and the exhibition. 1. Time of exhibition November 05, 2024 - November 05, 2024 (5 days) 2. Visiting time November 5, 9:00 a.m.-6:00 p.m. (Tuesday) November 6, 9:00 a.m.-6:00 p.m. (Wednesday) November 7, 9:00 a.m.-6:00 p.m. (Thursday)…
Largest vaccine import markets: key statistics and
Vaccines are an important tool for preventing the spread of infectious diseases and protecting public health. As global demand for vaccines continues to rise, countries around the world are increasingly relying on imports to meet their vaccination needs. In this article, we will explore the main import markets for vaccines and provide key statistics on their import values. Also read: The rise of heat-resistant vaccines: A story of future innovation and global impact 1. Belgium Belgium is the world's largest vaccine importer, with vaccine imports worth $12.4 billion in 2023. The country's strong pharmaceutical industry and high vaccination rates have contributed to its large import volumes. Belgium's strategic location in Europe also makes it a major distribution center for vaccines imported from other countries. 2. United States The United States is the second largest vaccine importer, with imports of $9.2 billion in 2023. The country's extensive healthcare infrastructure and large population drive vaccine demand. The United States also imports a…
Best Import Market for Bitumen or Asphalt
Bitumen or bitumen is an important material used in the construction industry for various purposes such as road paving, roofing and waterproofing. The global bitumen or bitumen market is growing rapidly, with several countries dominating the import market. According to IndexBox, the world's top 10 countries by bitumen or bitumen import value in 2023 are as follows: Also Read: Major Import Markets for Petroleum Bitumen 1. United States – $515.7 million The United States is the largest importer of asphalt, with imports valued at $515.7 million in 2023. Strong infrastructure development and construction activities in the country have led to high demand for the material. 2. Canada – $291 million Canada is the second largest asphalt import market in the world, with imports of $291 million in 2023. The country's cold climate and extensive highway network drive demand for asphalt for road construction and maintenance. 3. Netherlands - $153.9 million The Netherlands is a major importer of bitumen, with imports…
Discover the world’s best chocolate import market and
Chocolate and other cocoa-containing foods are among the most beloved and indulgent treats for people around the world. The global market for these delicious products is booming, with growing demand for high-quality chocolate driving the global import market. In this article, we explore the major import markets for chocolate and other cocoa-containing foods, and provide key statistics and industry insights. Also read: Supply Chain Logistics for Chocolate 1. United States – $955 million in 2023 The United States is the world’s largest import market for chocolate and other cocoa-containing food preparations, with imports valued at $955 million in 2023. The country’s love for chocolate is evident in its high import volumes, as consumers are increasingly demanding a variety of chocolate products from around the world. 2. France – $772.5 million in 2023 France is another major player in the global chocolate market with imports valued at $772.5 million in 2023. Known for its refined palate and culinary expertise, France imports…
The largest import market for cold-rolled steel products
Cold rolled steel products play a vital role in various industries ranging from automotive to construction. The global market for these products is growing, and some countries are becoming major importers. In this article, we will take a closer look at the world's best cold rolled steel products import markets based on the latest data from the IndexBox market intelligence platform. Also read: Explore the major import markets for steel wire rod Germany – $4.8 billion First on the list is Germany, with imports of $4.8 billion in 2023. The country’s strong manufacturing sector and demand for high-quality steel products drive its large imports in this category. China – $3.3 billion China follows closely with imports of $3.3 billion in 2023. Although China is a major steel producer, its growing infrastructure and construction projects have led to an increase in demand for imported cold-rolled steel products. Netherlands – $2.8 billion The Netherlands ranks third, with imports of $2.8 billion in…
Major import markets for precious metal ores and concentrates
When it comes to precious metals, the global market is vast and diverse. From gold to silver to platinum, these metals have enormous value and are sought after by countries around the world. An important aspect of the precious metals market is the import and export of precious metal ores and concentrates. In this article, we will take a closer look at the world's best precious metal ores and concentrates import markets. See also: Best import markets for tin ore and concentrate 1. China China is the world’s largest importer of precious metal ores and concentrates, with imports valued at $9.6 billion in 2023. As one of the major manufacturers of jewelry and electronics, China’s high demand for precious metals makes it a key player in the global import market. 2. Germany Germany ranks second, with imports of $2.3 billion in 2023. Germany has a strong manufacturing industry, and industries such as automobiles and electronics have strong demand for precious…
Top 10 Import Markets for Concrete Rebar Wire
When it comes to building materials, concrete reinforcement wire is an essential component to ensure the strength and durability of concrete structures. This important material is in high demand around the world, and some countries are emerging as major import markets for concrete reinforcement wire. Let’s take a closer look at the top 10 countries by concrete reinforcement wire import value in 2023 according to the IndexBox platform. 1. Israel – $829.4 million Israel is the world’s largest import market for concrete reinforcement wire, with imports valued at $829.4 million in 2023. The country’s strong construction industry and ongoing infrastructure projects have led to a high demand for this essential material. 2. United States – $573.5 million The United States is the second largest importer of concrete reinforcement wire, with imports valued at $573.5 million in 2023. The booming construction industry in the country is driving demand for the material, especially in high-rise buildings and infrastructure projects. 3. South Korea…
Import and Export Business Success Story of Shree Hari Kaliya
Mr. Shree Hari Kaliya is one of our colleagues from Latur who has been exporting pulses and has made a success in the import and export business. To understand the import and export business, let’s learn how he started this company in this blog. introduce Mr. Shree Hari Kaliya graduated from Pune University with an engineering degree and had worked in the IT industry for some time. After deciding to join the family business, he started looking for other business options. Later, his father suggested him to learn import and export business. Mr. Shree Hari completed an online import and export course and found the industry very fascinating. After completing the import and export course, he started looking for commodities to export mainly from India. As he comes from an agricultural family with a background in oilseeds and pulses. He then made a decision about his products, which were sold domestically by his father and brother. His products had been…
Advantages and challenges of import business in 2023-2024
introduce Every country in the world trades with other countries. Exporters sell products to other countries and importers buy products from other countries. Look at India, we export goods worth $447 billion and import goods worth $714 billion. This means that in India, we import thousands of products from many countries. So, importing is a pretty big business in India. Starting an import business can be an exciting venture for entrepreneurs looking to expand their reach in the global market. Importing products from other countries not only provides access to a wide variety of goods, but also offers many advantages that can increase your competitive advantage. In this article, we will explore the biggest advantages of an import business and discuss key secrets to success. Understanding import business Importing involves buying goods and services from abroad and selling them in the domestic market. It enables businesses to source products from regions where production is most efficient or where they have…
India’s major import and export situations and countries
introduce In an interconnected world, international trade is crucial to influence the economy. India, with its vast market and expanding economy, has become a major player in world imports. This blog delves into the specifics of India’s import sector, the workings of India Import and export businesstop countries from which India imports and the commodities from which India imports the most. Imports are an important part of the Indian economy. Imports make it easier for India to get products and services that may not be readily available locally, thereby helping numerous industries and satisfying customer needs. India imports a wide variety of things, including machines, machinery, crude oil, electronics, and more for both manufactured and consumer goods. India's major import partners include the United States, China, the United Arab Emirates, etc. These countries contribute greatly to India's imports, increasing the diversity of goods in the Indian market. Major importers of India Value of India’s imports $613 billion2021–2022 and $714 billion…
HS code section for export and import products
NoHSN CodeHot Products value 101, 02, 03, 04, 05Live animals, edible meat, fish and crustaceans, dairy products2,408 crore206, 07, 08, 09, 10, 11, 12, 13, 14Living trees and other plants, edible vegetables, edible fruits and nuts, coffee, tea, oilseeds and oleaginous fruits Rs.72,037 crore315Animal, vegetable or microbial fats and their decomposition products; prepared edible fats and animal or vegetable waxesRs.169,548 crore416, 17, 18, 19, 20, 21, 22, 23, 24Sugar, cocoa, meat products, fish products, vegetable products, fruit products, nut products, cereal products, flour products, starch products or dairy products, beverages, spirits and vinegar, tobacco26,692 crore525, 26, 27Salt, sulphur, earth and stone, plastering materials, ores, slag and ash, mineral fuels, mineral oilsRs.2,178,259628, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38Inorganic chemicals, organic chemicals, pharmaceutical products, fertilizers, essential oils, photographic or cinematographic products, pyrotechnic products, perfumes, cosmetics or toiletry productsRs.596,425 crore739, 40 Plastic, rubber Rs.219,029 crore841, 42, 43Raw hides and skins, leather, saddlery and harness, handbags, fursRs.779 billion944, 45, 46Wood…
Import and Export Business | India’s Major Export Products
NoHSN CodeHot ProductsvalueMajor countries101,02,03,04,05Live animals, edible meat, fish and crustaceans, dairy products,Rs.88,094 croreMalaysia United Arab Emirates United States206,07,08,09,10,11,12, 13,14Living trees and other plants, edible vegetables, edible fruits and nuts, coffee, tea, oilseeds and oleaginous fruitsRs.203,316 croreUnited States United Arab Emirates Saudi Arabia315Animal, vegetable or microbial fats and their decomposition products; prepared edible fats and oils; animal or vegetable waxesRs.165.81 billionChina Netherlands United States416,17,18,19,20,21,22,23,24Sugar, cocoa, meat products, fish products, vegetable products, fruit products, nut products, cereal products, flour products, starch products or dairy products, beverages, spirits and vinegar, tobacco114,869 croreUnited States Sudan Indonesia United Arab Emirates525,26,27Salt, sulphur, earth and stone, plastering materials, ores, slag and ash, mineral fuels, mineral oilsRs.857,639 croreChina Bangladesh Netherlands628,29,30,31,32,33,34,35,36,37,38Inorganic chemicals, organic chemicals, pharmaceutical products, fertilizers, essential oils, photographic or cinematographic products, pyrotechnic products, perfumes, cosmetics or toiletry productsRs.480,515 croreUAE USA Nepal China739,40Plastic, rubberRs.99,113 croreUnited States, Germany, United Arab Emirates841,42,43Raw hides and skins, leather, saddlery and harness, handbags, furs24,677 croreItaly United States Germany944,45,46Wood and wood products, charcoal, cork…
Comply with Canadian export and import regulations
By Shawna Karajic, Export Solutions Inc. Spoiler alert – similar but different As a U.S. importer or exporter, we must comply with specific regulations. For defense articles, we are regulated by the International Traffic in Arms Regulations (ITAR); for dual-use and commercial items, we are subject to the Export Administration Regulations (EAR); and for imports into the United States, we are regulated by the Customs Regulations and the Harmonized Tariff Schedule of the United States (HTSUS). Importers and exporters in Canada are also subject to complex regulations. In fact, from the perspective of a humble US trade compliance professional, I would argue that Canada’s import and export regulations are just as complex as those in the US, and exporters and importers must also work within a matrix of government agencies. Incidentally, Canada loves their acronyms just as much as the US does, but perhaps not as much as they love hockey pucks! Importing into Canada: When entering Canada, Canadian companies…
$100 billion import and export opportunity
India Indian Prime Minister Narendra Modi pays official visit to Russia Work with President Putin to promote bilateral trade and economic relations and develop a trade roadmap to achieve Target of USD 100 billion (Rs 834 lakh crore) annual trade by 2030This is one of the biggest import and export opportunities that every importer and exporter should consider in order to expand their business. The goal is to improve Import and export trade structure Trade procedures/process Emphasis on trading in Indian Rupee (INR) Provide job benefits, and Strengthen logistics support Focus on “Made in India” products Why does India want to take India-Russia trade volume, growth and balance to a higher level? In 2023, India's trade with Russia reached a record high of $65 billion. Trade volume increased significantly by 66% last year and is expected to increase by another 20% in the first quarter of 2024. India's trade deficit with Russia is $57 billion during 2023-2024. Therefore, India is…
What is a merger? – Import and export licenses
When trying to use the various features of electronic tax filing, such as applying for a customs code or trying to obtain an Advance Payment Notification Number (APN), encountering a consolidation error can be a frustrating obstacle. But what exactly is a consolidation error? And how can you deal with it effectively? Let’s delve into the complexities of consolidation errors and explore the steps to resolve them. What is a merge error? According to the South African Revenue Service (SARS), consolidation errors can arise from incorrect or mismatched information in one or more of a taxpayer’s tax categories. Tax categories are products of the South African Revenue Service, such as income tax, PAYE, VAT, UIF, customs duties, etc. Listed below are some common causes of consolidation errors: The registered SARS representative for a particular tax category is missing or the details of the SARS registered representatives for different tax categories do not match. The contact details of the SARS registered…
Crude oil and refined oil import market
Crude oil and refined petroleum products are essential for many industries around the world to survive. From powering cars and heating homes to producing plastics and chemicals, the demand for these products is insatiable. As a result, countries around the world rely heavily on imported crude oil and refined petroleum products to meet their energy needs. Also Read: Major Import Markets for Petroleum Bitumen Top 10 countries by import value 1. China – $357.1 billion in 2023 China is the world's largest importer of crude oil and refined petroleum products, with imports valued at $357.1 billion in 2023. China's rapid industrialization and increasing energy consumption have driven high demand for these resources. 2. United States – $231 billion by 2023 The United States ranks second in terms of import value, importing $231 billion worth of crude and processed petroleum in 2023. The country's extensive transportation network and energy-intensive industries are the main drivers of its imports. 3. India – $145.2…
EU cuts import tariffs on Chinese-made Tesla, BMW and Volkswagen electric cars
Tesla's tariff was reduced from 20.8% to 9% after an appeal, and the tariff on Mini electric models was reduced from 37.6% to 21.3% go through Chris Chilton 4 hours ago The European Union has reduced some of the high tariffs it announced in July on electric vehicles imported from China. The tariff rate on Tesla was reduced from 20.8% to 9%, and the tariff rate on BMW Mini electric vehicles was reduced from 37.6% to 21.3%. Volkswagen electric vehicles also benefited, as did electric vehicles produced by some Chinese automakers such as SAIC and BYD. Tesla's business profitability in Europe got a boost today after the European Union announced changes to tariffs imposed in July on electric vehicles shipped from China to Europe. The EU's initial report called for a 20.8% tariff on imported Chinese-made Tesla cars, but that rate has now been reduced to 9% after an appeal. The US automaker requested a recalculation following the release of…
Explore the major import markets for frozen pork
Frozen pork cuts are a popular product in many countries around the world, and the demand for this meat has been growing steadily in recent years. With the rise of international trade, many countries have become major importers of frozen pork cuts, sourcing the product from various exporting countries. In this article, we will explore the main import markets for frozen pork cuts and provide key statistics and figures to give you a better understanding of the global market. Also Read: Top Import Markets for Frozen Fish Fillets 1. China China is the world's largest importer of frozen pork, with imports valued at $756.7 million in 2023. China's demand for frozen pork is driven by population growth and rising incomes, which have led to increased meat consumption. China sources frozen pork from multiple countries, including the United States, the European Union, and Brazil. 2. Dominican Republic The Dominican Republic is the second largest importer of frozen pork, with imports of…
Major import markets for steel gas containers
Some countries are the largest import markets for iron or steel containers for compressed or liquefied gases in the world. The high import values of such containers by these countries indicate a strong demand for these products within their borders. 1. United States The United States is the largest import market for compressed or liquefied gas containers, with imports valued at $525.4 million in 2023. This significant import value reflects the country’s reliance on these containers for various industrial applications, such as storage and transportation of gases. 2. Germany Germany is another major player in the global gas containers import market with imports valued at USD 278.4 million in 2023. The country’s strong manufacturing sector and emphasis on quality products make it a major destination for such imports. 3. South Korea South Korea is the third largest import market for compressed or liquefied gas containers globally, with imports valued at $257.4 million in 2023. The country’s growing industrial base and…
Explore the world’s major leather import markets
Leather is a highly sought-after material that can be used to make a wide range of products, from shoes and handbags to furniture and car interiors. As such, the global leather market is a lucrative industry, with billions of dollars worth of leather products imported each year. In this article, we’ll take a closer look at the world’s best leather import markets, based on data from the IndexBox market intelligence platform. Also read: U.S. patent leather exports surged by $208,000 in June 2023 1. China China is the world's largest leather import market, with imports of $1.6 billion in 2023. China's booming manufacturing industry and growing consumer market make it a key player in the global leather market. China imports leather from several countries including Italy, Vietnam and Indonesia. 2. Italy Italy is the second largest leather import market, with imports of $1.3 billion in 2023. The country is known for its high-quality leather products, from luxury handbags to designer…
How to get discounts for general public ticket bookings for Shanghai International Import Expo
The Shanghai International Import Expo is the world's first national expo with the theme of import. The expo is a major declaration and action by China to actively open its market to the world. It is also a major decision taken by the country to promote high-level opening-up in the new era.Shanghai International Import Expo 2024 tickets for general public reservation: the ticket price is 200 yuan (contact Juzhan, ticket holders can receive a 50 yuan discount subsidy). In addition, professional visitors can purchase tickets by registering as a company.The 7th China International Import Expo (CIIE) will be held at the National Convention and Exhibition Center in Shanghai from November 5 to 10, 2024. Registration will be officially accepted for trade visitors and general visitors from June 1, 2024. Enterprises or individuals wishing to visit the expo must purchase tickets in advance.Ticket Address-CIIE AddressContact Juzhan, ticket holders can enjoy a 50 yuan discountFill in the exhibition information (if the number…
Shanghai International Import Expo Tickets for General Public Reservation
Shanghai International Import Expo 2024 tickets for general public reservation: the ticket price is 200 yuan (contact Juzhan, ticket holders can receive a 50 yuan discount subsidy). In addition, professional visitors can purchase tickets by registering as a company.The 7th China International Import Expo (CIIE) will be held at the National Convention and Exhibition Center in Shanghai from November 5 to 10, 2024. Registration will be officially accepted for trade visitors and general visitors from June 1, 2024. Enterprises or individuals wishing to visit the expo must purchase tickets in advance.Ticket Address-CIIE AddressContact Juzhan, ticket holders can enjoy a 50 yuan discountTicket types and prices:Professional audience tickets: Mainly for business representatives, buyers, industry experts, etc., you need to register online in advance and pass the exam to obtain admission qualifications. The visit period is from November 6 to 10, 2024.General public ticket: open to the general public, the price varies depending on the visiting days, it is 200 yuan from…
Please collect it! The overall time arrangement and service process of the National Exhibition of the 7th China International Import Expo
The overall time arrangement and service process of the National Exhibition of the 7th China International Import ExpoIntroduction to CIIEThe 7th China International Import Expo (CIIE) will be held at the National Convention and Exhibition Center in Shanghai from November 5 to 10, 2024. It is the world's first national expo with the theme of import. The exhibition area is 370,000 square meters. Promoting China's connectivity with global markets, industries, innovations and rules has become a demonstration window of the new development pattern, a platform for promoting high-level opening-up, an effective carrier of high-quality development and a major milestone for multilateralism.Public pre-registration for tickets for the Shanghai International Import Expo has been launched. Tickets for the Shanghai International Import Expo are purchased online and require real-name registration. Tickets for the CIIE are not free and tickets are not sold on the expo site. Real-name pre-registration is required for consideration. If you want to attend the expo, please purchase tickets as…
How to buy tickets for the Shanghai International Import Expo? How much is a CIIE ticket?
The China International Import Expo (CIIE) is the world's first national exhibition on the theme of import. It is organized by the Ministry of Commerce of the People's Republic of China and the Shanghai Municipal People's Government, hosted by the China International Import Expo Bureau and a cooperative unit of the World Trade Organization, the United Nations Industrial Development Organization and the United Nations Conference on Trade and Economic Cooperation.Ticket information for China International Import Expo (CIIE) 2024 is as follows:Exhibition period: November 5-10, 2024Exhibition address: National Convention and Exhibition Center ShanghaiTicket types and prices:Professional audience tickets: mainly for business representatives, buyers, industry experts, etc., you need to register online in advance and pass the exam to obtain admission qualifications. The visiting period is from November 6 to 10, 2024, and the fee is 200 yuan/person; the visiting period is from November 8 to 10, 2024, and the fee is 100 yuan/person;General public tickets: For the general public, the price…
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