Global imports reached $23.542 trillion in 2023, up 23.2% from 2019. Imports decreased by -7.4% from $25.417 trillion in 2022. Top 20 products accounted for 52.7% of total imports
EXW means seller delivers goods at designated location, buyer covers transport costs. EXW is one of 11 standardized Incoterms published by ICC. Seller must package, label goods and provide pickup location
Global crude oil imports reached $1.359 trillion in 2023. Imports grew 27.2% from $1.068 trillion in 2019. Top five importers accounted for 60.1% of total spending
Hapag-Lloyd offers online purchase of import detention free time. Service available in all countries where Hapag-Lloyd operates. Up to 10 extra days can be purchased at discounted prices
Import means bringing goods/services into a country from abroad. Export means selling domestically produced goods/services to foreign markets. Both processes are fundamental to international trade
Imports are foreign goods and services purchased by country residents. Exports are domestic goods sold to foreign customers. GDP includes both imports and exports, calculated as (X-M). Positive net exports indicate trade surplus, negative indicate deficit