Bakery products are becoming increasingly popular among consumers in the People’s Republic of China (PRC), according to the Frost & Sullivan Report. The report shows significant growth in the retail sales value of bakery products in China. From 2015 to 2020, sales rose from approximately $24.3 billion to
Import and export trends for some of the world’s major trading economies best illustrate patterns of trade growth during the third quarter of 2022. With the exception of the Russian Federation, goods trade of the major economies was well above year-ago levels, highlighted the United Nations Conference on
Colombia‘s debt (external) registered a 5.5% y-o-y growth as of September 30, 2022, to US$98.914 billion, as detailed in the last part of this note. On the other hand, on July 29, 2022, the Ministry of Finance and Public Credit submitted to the Colombian Congress the draft General
The top five exporters of commercial services in the world during 2021 were the United States, United Kingdom, Germany, Ireland and France. With $795 billion in services sold internationally in 2021, the United States remained the world’s leading exporter, with a 13% share of the global market, according
Although the outlook for world trade remains uncertain, negative factors appear to outweigh positive trends, according to the United Nations Conference on Trade and Development (UNCTAD). World trade Negative factors: Slower economic growth. Economic growth forecasts for 2023 are being revised downward due to high energy prices, rising
In 2021, developing economies sent most of their exports to the United States ($1.6 trillion), followed by China ($1.3 trillion) and other Asian economies. In terms of imports, China ranked first (US$1.7 trillion) and was followed by the United States (US$893 billion), with only half of the value