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The Top 50 Largest Importers in the World by Visual Capitalist In 2022, global imports climbed to $25.6 trillion in value, or about the size of the U.S. GDP
As an engine of growth, global trade broadens consumer choices and can lower the cost of goods. For businesses, it can improve the quality of inputs and strengthen competitiveness. This graphic shows the 50 largest importers, with data from the World Trade Organization.
🚨BRICS DOUBLES OVERNIGHT Yesterday, the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially members of BRICS.
They join Brazil, Russia, India, China, and South Africa as a formidable economic powerhouse, representing 29% of global GDP and 43% of global oil production. Although tensions exist between member states such as China and India, BRICS is a growing challenge to the G7. President Xi: “I wish to extend a warm welcome to leaders of new BRICS members.” Source: IMF, Reuters, China Daily, Mario Nawfal
The Growth of New Car Prices in the U.S.
Source: Visual Capitalist
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