The import and export business could be quite tricky. Even if a certain company has the capability to export their product this would not automatically mean that they would be able to. First of all, before any importation or exportation of products could occur any country involved should be open to the idea and are willing to give a fair deal.
The problem with importation and exportation of goods especially for developing countries is that the local companies might not be able to compete with the lower prices of the imported goods which are why things such as tariff exist. This way export companies would not be able to lower their prices too much that would force their local competition out of the market.
When it comes to the exportation business China is one of the most recognized. If we take look at the labels of clothes a lot could be seen as made in China. Though this is the most common there are a lot more things that China is known for when it comes to exported goods. Before we talk about the goods exported from China it is important to consider why China is doing so well when it comes to export.
Since China is a huge country with one of the biggest populations no wonder that labor would be cheap in the country which is also one of the reasons why the manufacturing industry is also doing well in the country. Even with the recent problems faced by the country with labor they may still he considered as one of the countries that have a low cost of labor.
China might be known for making a lot of products but actually, they are also well known for the exportation of technology and different gadgets. A lot of this technology is made in China and exported to other countries to be sold. However, there are situations wherein Chinese companies just manufacture parts for a product and then it is exported to be assembled by the company.
A lot of well-known technology companies today are from Asia such as Korea and Japan. It is no surprise that China is known for exporting technology since a lot of companies have facilities in the country such as Nanjing which is also known for the Nanking massacre. Some of these international companies have decided to put up their facilities in different locations in China due to the availability of land and also lower labor costs.
As mentioned a lot of products exported from China are related to electronic equipment. Since technology plays a big part in the world we live in today there are a lot of potentials when it comes to the exportation business of China. As long as it continues to have good business and trade relations with a country such as the US, the exportation business could continue to earn a lot for them. Another promising indication of the technology business in China is that a lot of companies in mobile phones, computers, and laptops are also starting to be very competitive.
The US could be one of the partners of China which has a lot of potential. For now, the business relationship between the US and China is rather limited and as long as both administrations are willing to do some work a lot more could be improved in terms of the exportation and importation of goods. Issues no matter how big or small could easily affect such relations and in turn mean bad for both countries. As long as the problems with labor are controlled the exportation business of China will remain stable.