Why should US exporters focus on China instead of number one Canada? Blog-93
By Dr. Lade Vedkumar. Are you planning to expand your international trade in a fast growing market? Are you looking for a lucrative export country? Being America's exporter do you prefer to export top third numbered export country China, or number one export country Canada? Of course, any US exporter will prefer Canada. Moreover, Canada is a neighboring country. Is the top exporting or neighboring country the right criteria to choose export destinations? Do you choose the same criteria to decide an export country? Then I would say wait for a while esteemed readers. Let's understand with a simple demonstration. In 2021 America's average exports to Canada was 216 billion dollars, export prospects will be 232 billion dollars by 2025. While in 2021 America's average exports to China was 104 billion dollars. Export prospects will nearly double to 208 billion dollars by 2025. The largest difference between these two values of 2021 and 2025 is far more in China. It is not...