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.
With $3.4 trillion in imports in 2022, the U.S. is the largest importer globally.
Even though higher inflation and market uncertainty loomed over the economy, U.S. imports increased 15% annually, with China as its top goods importing partner.
Today I met my colleague & friend Chris Southworth, Secretary General at ICC United KIngdom, at Maersk HQ in Copenhagen.
We had an exciting, inspiring & productive talk about the future of international trade, the next steps to create a global ecosystem of trust & how to pilot new digtal trade corridors.
Chris is a trade facilitation champion & pioneering leader for trade digitalization.
Speaking about ’Global Trade 2.0 and how to prepare for it from a Customs perspective: My five top customs tips’ at the Odette International 22nd Odette 2023: Still Building Solutions for Sustainable Supply Chains conference in Berlin today.
Great event with many timely & super-interesting speeches.
I have also had a number of productive bilateral sidemeetings with automotive customers here.
It is always exciting to meet our customers from the automotive industry since there is standardization, digitalization and supply chain knowledge in the industry. A good match with our Maersk Integrator Strategy.