Why Are These World's Top 20-30 Importing Countries, By 2021-24? Blog-12

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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.

Taipei, Chinese:

The import will grow from 194.9 billion dollars to 255.2 billion dollars.

Thailand:

The import will grow from 170.0 billion dollars to 255.0 billion dollars.

Switzerland:

Its import will increase from 195.6 billion dollars to 235.3 billion dollars. 

United Arab Emirates:

The import will increase from 173.3 billion dollars to 234.1 billion dollars.

Indonesia:

The import will grow from 132.9 billion dollars to 229.2 billion dollars.

Turkey:

Its overseas import market will grow from 147.8 billion dollars to 222.2 billion dollars. 

Australia:

Its import will rise from 170.3 billion dollars to 215.6 billion dollars.

Czechia:

The import will increase from 1481 billion dollars to 196.4 billion dollars.         

Brazil:

The import will grow from 135.6 billion dollars to 182.8 billion dollars.

Austria:

The import will grow from  149.7 billion dollars to 180.4 billion dollars.

Important conclusion:

Best results can be found in a country having a larger absolute difference between imports and prospects. It will create space to earn additional value.

Such three countries are Taipei, Thailand and Switzerland.

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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. Six digit HS code was used for the above outlook.

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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 30-40 Importing Countries, By 2021-24?

https://futureexportvision.blogspot.com/2020/12/why-are-these-worlds-top-30-40.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