Why Are These World"s Top 10 Importing Countries, By 2021-24? Blog-3
#FutureExportVision #DrLadeVedkumar
By Dr. Lade Vedkumar.
Very magnificent prospects are going to emerge in these countries.
These are the five year average import value and import prospects up to the year 2024.
United States of America:
Its import market will grow from 2.1 trillion dollars to 2.6 trillion dollars.
China:
Its import will increase from 1.1 trillion dollars to 2.2 trillion dollars.
Germany:
Its import will rise from 983.8 billion dollars to 1.2 trillion dollars.
France:
Its import will rise from 534.9 billion dollars to 653.6 billion.
Hong Kong:
Its import will rise from 557.2 billion dollars to 647.4 billion
United Kingdom:
Its import will expand from 550.1 billion dollars to 632.4 billion dollars.
Japan:
The import will grow from 463.3 billion dollars to 538.8 billion dollars.
Netherlands:
The import will grow from 416.6 billion dollars to 506.4 billion dollars.
Canada:
Its import will increase from 374.7 billion dollars to 461.6 billion dollars.
Mexico:
Its overseas import market will grow from 350.4 billion dollars to 451.0 billion.
Important conclusion:
Best results can be found in a country having a larger absolute difference between 2020's and prospects by 2024. It will create space to earn additional import.
Such three countries are United States of China, America and Germany.
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As we always say.
The best prospects cannot be found in the import statistic of the last five years. Because yesterday has passed. Rather, the best prospects are hidden in the next five year statistics.
Note: All the values are in an US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2020's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years.
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Research sources:
1. World Trade Organization, Trade forecast.
2. World Bank WITS.
3. International Trade Centre.
Research access duration: December 2020.(second edition)
Important remark:
Most of the world market is recovering after post Covid-19 era.
© 2020-2024 Future Export Vision.
Other valuable editions:
Why Are These The World"s Top 10-20 Importing Countries, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-10-20.html
Why Are These The World"s Top 15 Importing Sub-Region, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-15-importing.html
Why Are These The World's Top 10 Export Products, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-10-exports-by.html
Why Are These The World's Top 10 Exporting Countries, By 2021-24?
https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-10-export.html
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