We show you how in less than six months the prices of different raw materials have been growingeven by more than 50 percent.
The import and export of products It is shown as essential for the continuous economic growth around the world, thus feeding endless industries, both technology, food, beverages, metals, among other opportunities to explore, where some countries have shown to have somewhat greater activity in these areas than comparison of others.
According to the WTO study where it shows information on trade and trade policy measures, China proclaimed itself as the leading country in exports, adding the figure of 3 thousand 360 million dollars during 2021; in second USA, with one thousand 700 million dollars; and in third Germany, with one thousand 600 million dollars. In contrast, the study of Time series on international trade (also carried out by the WTO) shows that among the main importing countries in 2020, the United States ranks first, registering 2.4 billion dollars; China in second, with 2 billion dollars; and in third Germany, with one thousand 170 million dollars, demonstrating part of the importance that these activities represent worldwide.
Although among this type of activity there are already created products of different value (such as automobiles, cell phones, computers, furniture, etc.), countries, brands and businesses also buy or exchange all kinds of raw materials with each other to make different products with imported high-value materials that probably due to geographical characteristics or machinery cannot be obtained from their home location, but their respective prices are also affected.
There are different reasons why commodity prices may be strongly affectedas well as the supply and demand of products, export prices, market-oriented price determination and even because of prices already determined by the competition or even some international conflicts, a reality that can change from one day to the next. and impact on the income of the population of the target country.
We have an example of this with the population of Russia and Ukraine, where the latest OECD Economic Outlook report shows that both countries together account for about 30 percent of world exports of wheat, 15 percent of corn, 20 percent of mineral fertilizers, among other opportunities to explore; but due to the recent invasion that changed the course of history, there has been a strong increase in the price of some products, such as 69.3 percent in the price of coal, 60.1 percent in that of wheat and 54.6 percent in that of gas (USA), among other essential products for people and companies to contemplate.
There are endless elements to consider that can affect the value of a product, where both competition between exporters, conflicts between countries and even the ecosystem of the territories can increase considerably.
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