We have good news for importers: shipping rates are falling! Inventory surpluses, global port congestion, inflation, and reduced demand for cargo services from east to west cause a decline in freight rates. How much does shipping cost?
Taiwan, despite its relatively small area and population, is among the world’s top twenty exporters (ranked 15th in 2020). Exports from Taiwan are crucial since they account for around 70% of its GDP. Importing from Taiwan can prove very profitable; this article presents the key-related issues.
In 2020 and 2021, we experienced jaw-dropping freight rates. Many importers decided not to place orders since the shipping costs were too high. At the end of 2021, the situation stabilized, and we can see that freight rates drop. So, what is up with the freight rates?
Turkey is a dynamically developing country, and its economy is based on industry and services. Its strength lies in its location between Europe and the Middle East. In terms of trade, we can observe a growth in vehicle, electronics, and petrochemical exports. While the EU-Turkey trade is thriving, and the US-Turkey trade has potential. In this article, we cover everything about import from Turkey to both the EU and the US.
