The automotive industry plays a huge role in the U.S. and North American economies, highlights the White House Trade Representation (USTR) in a report. In the United States, the automotive industry contributed more than $700 billion to the U.S. economy in 2021 and accounted for more than one-tenth
Of the approximately 2.1 billion tons of goods imported to and exported from the United States in 2020, 70% passed through U.S. seaports. Overall, U.S. ports, airports, border crossings and intermodal corridors facilitate much of international trade. So a significant portion of these goods arrive and depart U.S.
Based on estimated confidence intervals, global merchandise trade growth in 2022 could be as low as 0.5% or as high as 5.5%, but could also fall outside this range if underlying macroeconomic conditions change greatly. These are the latest World Trade Organization (WTO) forecasts for merchandise trade. From
The Port of Rotterdam has one of the best practices in the digitization of ports in the world and runs a Digital Twin project. In that port, a knowledge base has been created within the community’s human capital to test, develop and implement a broad technology ecosystem, ranging
CFE’s projected investments for the Isthmus of Tehuantepec for the period from 2019 to 2033 total 1,618 million pesos. The CFE, a company owned by the State of Mexico that produces and markets electricity, as a member of the Institutional Technical Committee formed together with other federal agencies,
U.S. exports of certain miscellaneous plastic products grew by $4.4 billion (18.3%) to $28.7 billion, according to the U.S. International Trade Commission (USITC). Plastic products with the largest increases in these international sales included those used in the global construction and automotive sectors, both of which saw strong