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How Do I Keep up with Trends in International Trade?

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  • Written By: Geri Terzo
  • Edited By: Shereen Skola
  • Last Modified Date: 02 November 2016
  • Copyright Protected:
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    Conjecture Corporation
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Trends in international trade can be spotted in regional and global economic conditions. Economic indicators that reveal the status of employment and productivity in a country can give you a sense of forthcoming importing and exporting transactions across different nations. Also, a rising or falling trade deficit might provide some insight on the risk that overseas countries might face in doing business with a particular nation.

There are a host of economic reports that are released and updated monthly or quarterly, some of which are based on regional activity and others that are global in nature. Government agencies in countries such as the U.S. release data tied to performance of individual sectors of the economy, such as manufacturing. When production slows, or wages are under pressure, this could be an indication of future trends in international finance.

Pertinent trade data is also published with average prices paid for goods, offering potential insight into future inflationary pressures. Inflation in an importing or exporting nation is likely to influence trends in international trade. For instance, higher inflation can trigger escalating interest rates, which can be damaging for investors in the financial markets. Viewing historic trade data may support any forthcoming trends in international trade.

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Economists make predictions about future economic expansion or contraction, and this data can offer a glimpse into trends in international trade. When the global economy is under duress and developed markets might be facing or experiencing a recession, this typically does not bode well for international trade. Increasing trade deficits in leading, developed nations could slow import activity in that country, which could similarly have a detrimental affect on exporters. A rising deficit could also compromise a country's reputation with exporting nations.

Industry bodies, such as the World Trade Organization (WTO), publish periodic reports on existing and anticipated trends in international trade. Reading these publications should keep you aware of any emerging trends that are being formed. These reports can be extremely intricate, and may include details on the value of currencies in different regions and how this will influence trade. You can also view charts and graphs that illustrate import and export activity in individual countries around the world.

Attending seminars where there are expert speakers and round-table discussions on international trade could allow you to keep up with new trends as well. In the event that there are any new regulatory standards taking shape in a nation, it might warrant an industry event. You can gain insight on how new rules might influence trade in a region or around the world.

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