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Industry Reports
Europe
Finland – Market Overview
July 31, 2024
Finland has a strong industrial base with key sectors including electronics, machinery, vehicles, and other engineered metal products. Finland is highly dependent on international trade. Imports amounted to $123 billion in 2023 (goods: $82 billion; services: $41 billion). The largest exporters to Finland included Germany, Sweden, China, Netherlands, and the U.S. Imports mainly consist of energy products, raw materials and investment goods, machinery and transport equipment, fuel, and chemicals. Finns are “fluent in international trade” and have good English language skills.
Industry Reports
Europe
Sweden – Market Overview
July 31, 2024
Sweden is one of the most industrialized countries in Europe. In recent years, Sweden has seen a notable expansion in high value-added sectors such as biotechnology, life sciences, advanced engineering, nanotechnology, and information technology, including software development. The service sector accounts for approximately 70% of GDP, reflecting the country's advanced stage of economic growth. In 2024, Sweden’s GDP is expected to be $624B, a 0.2% increase from the year prior. Having local representation who speaks the Swedish language is a significant advantage for U.S. companies, as local contractors and suppliers with daily operations in the market, access to valuable information, and connections with key decision-makers can more effectively identify and respond to business opportunities.
Industry Reports
Asia Pacific
Europe
Middle East
Turkey – Market Overview
July 31, 2024
Turkey’s strategic location at the crossroads of Europe, Asia, and the Middle East makes it a crucial trade and energy transit hub. The country serves as a bridge between Western markets and emerging economies, which enhances its geopolitical influence. The country is a leading global producer of agricultural products, textiles, motor vehicles, transportation equipment, construction materials, consumer electronics, and home appliances. It is also the 5th most visited destination in the world. Since 2021, Turkey’s GDP has shown steady recovery and accelerated growth, reaching its highest levels by the end of 2023. U.S. companies should benefit from local support. Market insight and connections of local representatives provide a major advantage for entering the business world and gaining market access in Turkey.
Training
Virtual
Accessing International Markets - Vietnam & Indonesia
July 17, 2024
Join VEDP's upcoming webinar on July 17 to explore the dynamic and growing trade relationship between Virginia, Vietnam, and Indonesia, and learn how VEDP's upcoming Trade Mission to Vietnam & Indonesia can help you sell into these countries. With large, growing economies, these markets offer opportunities for Virginia businesses in security, education and training, healthcare, ICT, energy, financial services, agriculture, and environmental technology.
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Training
Virtual
Exploring Supplier Diversification Opportunities in Southeast Asia
July 16, 2024
Is supplier diversification part of your company’s supply chain risk mitigation goals? Learn how Southeast Asia may offer ways to meet your sourcing optimization needs.
Join us for an informative webinar on Southeast Asia’s supply landscape and how the region is evolving to play an increasingly important role in American value chains.
Hear from business development expert, Sarath Menon, with Orissa, VEDP’s Southeast Asia consulting partner on topics such as:
• Highlighting best practices in Southeast Asia sourcing
• Emerging sourcing opportunities
• Facilitating success with supply partners
Industry Reports
Europe
Cybersecurity Market Overview in Spain
July 12, 2024
VEDP’s Global Network Consultant in Spain has prepared a report on the cybersecurity market in Spain including market statistics, key markets for services, regulations, and other useful information. The cybersecurity market in Spain has an annual revenue of approximately two billion euros and is predicted to grow almost 15% annually in future years. Initiatives in the European Union, advancing technology, geopolitical events, and the rising number of cybersecurity incidents in Spain have all increased the demand for cybersecurity services in the country.