World Trade Month is observed each year in May. The objective of this recognition is to create awareness, identify trends and drive market opportunities.
In a 2015 ranking of the top 20 export countries worldwide via Statista, China ranked first in exports with an export value of about 2.28 trillion US dollars.
That same report went on to indicate:
The value of goods exported from China grew immensely between 2002 and 2014. In 2002, China’s exports were valued at about 327 billion US dollars. China’s export value grew to 2 trillion US dollars in 2012, the first year in which China exported more than 2 trillion US dollars worth of goods. Year over year export growth remained above 17 percent between 2002 and 2012, except in 2009 and 2012. In 2004, export value grew by over 35 percent. In 2011, China accounted for about 10% of global merchandise exports and about 4% of global service exports. China’s greatest export product categories in 2011 was machinery and transport equipment, of which they exported 902 billion US dollars worth. In 2012, China exported 159 billion US dollars worth of clothes and clothing accessories.
At the community level, Pro QC’s Tampa team attended the International Town Hall event hosted by the Tampa Bay Export Alliance. We heard from local leadership supporting trade initiatives throughout the region. And, we saw local companies highlighted for their successful sourcing and supply chain initiatives. Jabil Circuit had a particularly interesting keynote presentation related to their supply chain visualization and Intelligent Control Tower.
To learn more about world trade, we recommend these sites:
To learn more about reducing the quality risks and cost associated with global trade, contact us!