The simplest definition is international trade, which means the process of trading goods and products between two or more foreign markets. International trade allows countries to expand their markets and gain access to goods and services that might never be available in that country without international trade. As a result of international trade, markets become more competitive, which ultimately leads to more competitive pricing and cheaper goods for the consumer.
International trade and foreign trade have been a fundamental factor in the emergence of the global economy. In international trade, supply and demand, and ultimately prices, are affected by global events, as a result of which global economic variables are defined and examined globally. For example, political change in Asia could lead to higher labor costs. This can increase the cost of producing an agricultural product, and increase the price of a product that a European consumer may buy in their local market. Or in another example, suppose the countries of the Middle East decide to reduce oil sales, a decision that will lead to higher prices for energy carriers and many commodities in European countries.
The product that is sold to the world market is called export and the product that is bought from the world market is called import. The trade balance is a statistical measure of the import and export of the country’s commercial products, and in short, this number can be considered as the net result of the export of an economic society. Panorama global trade Sdn Bhd
Trade balance is one of the important criteria for measuring the country’s ability to trade and invest in the country’s economy. Global trade allows rich countries to use their resources, such as labor, technology or capital, more efficiently. Different countries have different assets and natural resources: land, labor, capital and technology, and so on. This allows some countries to produce similar goods more efficiently – in other words, faster and at a lower cost. Therefore, they may sell it cheaper than other countries. If a country cannot produce a good efficiently, it can import it through trade with other countries. This is known as specialization in international trade. By creating international routes, governments and shipping companies make sea trade the safest and largest trade in the world, and giant ships transport all goods, including strategic goods such as oil, food and even minerals. Extensive in international trade. The existence of large ports with operational capacity in the world standard plays a role in the economies of countries, and a country like Singapore gains a lot of wealth annually just by being located in the Strait of Malaga and high port capacity.
Panorama Global Trade Sdn Bhd and bitumen Malaysia Sdn Bhd are under division of Panorama Oil and Gas Sdn Bhd , establishment of Panorama Oil and Gas was envisioned to strategically serve the dynamic oil and gas industries ,Strategic business alliance and aggressive expansion have facilitated our progress and positioned ourselves as a recognized player in the Malaysian and regional oil and gas industry are a global bitumen trader active in more than 90 countries. Located in Malaysia and are one of the market leaders in the supply of a wide range of raw bitumen products, such as oxidized bitumen (blown asphalt, blown bitumen, oxidized asphalt). Panorama Global Trade Sdn Bhd working on chemicals such as (Labsa, Sodium lauryl sulfate which are cleaning detergents ) MEG,DEG,TEG as antifreeze and much more industries Panorama Global Trade Sdn Bhd also have trading license for SMR20 from Malaysia government also Synthetic rubber products such as Butadiene products (Polybutadiene rubber Styrene butadiene rubber ) and Rubber process oil which can be use in manufacturing tier and so many products in several industries specially in china , India and African countries. We also sell Base oil products which our clients can get more information about it in articles.