The International Trade Administration provides tools, assistance, and expert knowledge to help your company grow in the global marketplace. Depending on the good or service, you may need a license or permit to export it from the U. In most cases, you will not need a license to import goods into the U.
But, for certain goods being imported, some agencies may require a license, permit, or other certification. Check the requirements of federal agencies. These guidelines from U. Even if you do not need an import license, you must fill out CBP entry forms within 15 calendar days of the date that your shipment arrives at a U. Make sure to provide your importer number on all these forms.
The declines in each of the past 3 months were driven by lower building material prices. Finished Goods: Prices for the major finished goods categories were mostly up in September. Consumer goods prices rose 0. The price index for automotive vehicles ticked up 0. Prices for capital goods were unchanged in September. Table A. In September, higher prices for nonagricultural exports more than offset lower prices for agricultural exports.
See table 2. Agricultural Exports: The price index for agricultural exports declined 1. The September and July decreases are the largest 1-month declines since the index fell 2. In September, a 5. Despite the recent declines, export agricultural prices rose All Exports Excluding Agriculture: Nonagricultural export prices increased 0. Prices for nonagricultural exports have not recorded a monthly decline since the index fell 0.
In September, higher prices for nonagricultural industrial supplies and materials and nonagricultural food more than offset lower consumer goods prices.
The price index for nonagricultural exports increased Nonagricultural Industrial Supplies and Materials: Prices for nonagricultural industrial supplies and materials increased 0. The September rise was led by higher fuel prices which more than offset lower prices for chemicals and nonferrous metals.
Finished Goods: Prices for the major finished goods categories fell overall in September. Consumer goods prices decreased 0. The September decline was driven by lower miscellaneous household goods prices. The price indexes for capital goods and automotive vehicles were unchanged in September following a 0.
Import prices from China also rose on a month basis, advancing 3. Prices for imports from Japan were unchanged in September following a 0.
In general, however, a weaker domestic currency stimulates exports and makes imports more expensive. Conversely, a strong domestic currency hampers exports and makes imports cheaper. Assume the exchange rate is 50 rupees to the U. If the dollar were to strengthen against the Indian rupee to a level of 55 rupees to one U. This may force the Indian importer to look for cheaper components from other locations.
At the same time, assuming again an exchange rate of 50 rupees to one U. If the rupee weakens to 55 rupees to one U. When this scenario is multiplied by millions of transactions, currency moves can have a drastic impact on a country's imports and exports. Inflation and interest rates affect imports and exports primarily through their influence on the exchange rate. Higher inflation typically leads to higher interest rates. Whether or not this results in a stronger currency or a weaker currency is not clear.
Traditional currency theory holds that a currency with a higher inflation rate and consequently a higher interest rate will depreciate against a currency with lower inflation and a lower interest rate. According to the theory of uncovered interest rate parity , the difference in interest rates between two countries equals the expected change in their exchange rate.
So if the interest rate differential between two different countries is two percent, then the currency of the higher-interest-rate nation would be expected to depreciate two percent against the currency of the lower-interest-rate nation. However, the low-interest-rate environment that has been the norm around most of the world since the global credit crisis has resulted in investors and speculators chasing the better yields offered by currencies with higher interest rates.
This has had the effect of strengthening currencies that offer higher interest rates. Of course, since these investors have to be confident that currency depreciation will not offset higher yields, this strategy is generally restricted to the stable currencies of nations with strong economic fundamentals. A stronger domestic currency can have an adverse effect on exports and on the trade balance. Higher inflation can also impact exports by having a direct impact on input costs such as materials and labor.
These higher costs can have a substantial impact on the competitiveness of exports in the international trade environment. This report is released monthly by most major nations. The U. Department of Commerce and Statistics Canada , respectively.
These reports contain a wealth of information, including details on the biggest trading partners, the largest product categories for imports and exports, and trends over time. Fiscal Policy. Advanced Forex Trading Concepts.
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