What is the opposite of an import?
AnswerExport
Exports are goods sent out of a country.
Business · Facts & stats
Import facts & stats
7 fact-checked facts about imports, exports and international trade basics, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
Most manufactured goods cross oceans in standardized what?
AnswerShipping containers
Standard steel containers move easily between ships, trains and trucks.
Going deeper
What does TEU mean in shipping?
AnswerTwenty-foot equivalent unit
TEU measures cargo capacity in standard 20-foot containers.
Malcolm McLean is known for pioneering what?
AnswerContainer shipping
McLean launched modern container shipping in 1956.
The Suez Canal connects the Mediterranean Sea with which sea?
AnswerRed Sea
The Suez Canal links the Mediterranean and the Red Sea.
Expert level
Which organization publishes the Incoterms rules used in trade contracts?
AnswerInternational Chamber of Commerce
The ICC first published Incoterms in 1936.
The World Trade Organization, set up in 1995, replaced which agreement?
AnswerGATT
The WTO succeeded the General Agreement on Tariffs and Trade.
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