What the high volume of U.S. seafood imports means for consumers, domestic fisheries

June 6, 2013

Seafood is one of the most widely imported products throughout the U.S. and is shipped via ocean freight from countries all over the world. 91% of seafood consumed in the U.S. is imported. So what kind of seafood is shipped to the U.S. and where does it come from? A breakdown provided by Huffington Post’s What …

April Trade Snapshot: U.S. exports hit high numbers, petroleum imports at a low

June 4, 2013

Trade statistics from April show the trade deficit saw an 8.5% increase. March’s figure was $37.1 billion, while numbers in April jumped to $40.3 billion according to the Department of Commerce. While the U.S. trade deficit widened in April, the month was still one for the record books, as reported by the LA Times. Not …

The trend for trade missions

May 31, 2013

Trade missions to develop and grow opportunities are trending across the U.S. We recently reported on Florida Governor Rick Scott’s trade mission to South America. It seems representatives from even more states are either planning future trade missions or already embarking on them. Vice President Joe Biden just completed a 6-day trip to Latin America. …

Building inspections reveal slew of problems in foreign factories supplying US retailers

May 28, 2013

Since the collapse of the Bangladesh factory that killed over 1,100 people in April, the Bangladesh government is now working to uncover how many factories may be on the verge of destruction. Of the 3,500 factories in the capital, the Dhaka Development Authority has inspected about 300 so far. Many problems have already been found …

Demand heightens for Vietnam shoe suppliers as U.S. companies decrease domestic manufacturing

May 9, 2013

When searching for “footwear” and “shoes”, the Import Genius international trade database of over 79 million shipping records produces over 1 million results between these two search terms. It’s not surprising then, that shoes rank #8 on the list for the top 10 most searched products in the Import Genius database. Shoes are clearly a …