Canada’s Largest Export: How Crude Oil Drives the Economy Canada is one of the world’s largest exporters of crude oil, and this is the country’s biggest export in terms of value. In 2020, Canada exported $81.2 billion worth of crude oil, accounting for 13.6% of its total exports. Crude oil is a vital resource for …
How the Common Customs Tariff Benefits the EU and Its Trading Partners The Common Customs Tariff (CCT) is a system of import duties that applies to goods entering the European Union (EU) from third countries. The CCT is based on the Harmonized System, a global classification of goods that facilitates international trade. The CCT aims …
How to Find HS Codes and Calculate Import Duties for Your Products If you are involved in international trade, you may have heard of HS codes and import duties. But what are they and how do they affect your business? In this article, we will explain what HS codes are, how to find them, and …
7 Reasons to Choose Timber Import for Your Next Project Timber import is a growing trend in the construction industry, as more builders and homeowners are looking for sustainable, durable, and beautiful materials. Timber import refers to the process of sourcing wood from other countries, especially those with abundant forests and strict environmental standards. Here …
Timber Import, 7 Reasons to Choose Timber Import Read More »
7 Tips for Importing a Motorcycle to the USA If you are a motorcycle enthusiast, you might have dreamed of owning a rare or exotic bike from another country. However, importing a motorcycle to the USA is not as simple as buying one online and having it shipped to your door. There are many rules …
How to Find the Best USA Importers List for Your Business If you are looking for a reliable and profitable market for your products, the United States is one of the best options. The US is the world’s largest importer of goods, with imports totaling $2.8 trillion in 2020. The US imports a wide range …
7 Surprising Facts About US Biggest Imports in 2022 The United States is the world’s largest importer of goods and services, spending more than $3.3 trillion in 2021. But what are the top US imports and where do they come from? Here are some surprising facts that you may not know about the US trade …
7 Steps to Start Your Import Export Business If you are looking for a lucrative and exciting career, you might want to consider starting an import export business. Import export businesses connect buyers and sellers of goods and services across the globe, and they can generate huge profits if done right. But how do you …
How To Do Import Export Business, 7 Steps to Start Read More »
How to Use the Harmonized Tariff Schedule: A Guide for Importers and Exporters The Harmonized Tariff Schedule (HTS) is a system of classification that assigns a specific code to every product that is imported or exported. The HTS code determines the duty rate and other requirements for each product. The HTS is based on the …
Harmonized Tariff, A Guide for Importers and Exporters Read More »
How Tariffs on International Trade Affect the Economy: 5 Key Points Tariffs are taxes imposed on imported goods or services by the government of the importing country. They are usually intended to protect domestic industries from foreign competition, raise government revenue, or achieve some political or strategic goals. However, tariffs also have significant economic costs …
