Who are the leading players in international business? (2024)

The global economy relies on a complex network of players to facilitate international trade. The main players in international trade are varied. They include governments, multinational companies, international organizations, financial institutions and consumers. Each of these players plays an essential role in promoting, regulating and facilitating cross-border trade flows.

In summary:

• International nusiness is an important area for every country, as it facilitates the exchange of goods, products and other items.
• Some countries dominate the commercial sector.
• To be successful in international business, you need to make assessments. To achieve this, you need to use the main KPIs.
• Would you like to enter this fast-growing field? Take a training course at ESCE.

Which countries dominate international trade?

In the international trade landscape, several nations play a leading role due to their economic size, strategic location and level of development. Key players include the United States, China, the European Union (EU), Japan and Germany. The United States remains the world’s largest importer and exporter of goods and services, closely followed by China, which is also the leading exporter of manufactured goods. The EU, as an economic bloc, is also a major player. As for Japan and Germany, they stand out for their expertise in manufacturing and technology.

Which countries are emerging?

Many developing and emerging countries have become increasingly important players on the international trade scene. These include Brazil, India, Russia, and South-East Asian countries such as Vietnam and Indonesia. These countries often benefit from sustained economic growth, an abundant workforce and valuable natural resources. This enables them to position themselves favorably on the world market. Their booming economies attract foreign investment and stimulate international trade.

Which sectors of activity/companies dominate?

In the international business landscape, certain sectors and companies stand out for their influence and global presence. Technology industries are dominated by giants such as Apple, Microsoft and Samsung. The automotive sector is also a pillar of world trade, with companies such as Toyota, Volkswagen and General Motors leading the way. The agrifood, energy, health and finance sectors also play a major role in international trade. Among the best-known are Nestlé, ExxonMobil, Pfizer and JPMorgan Chase.

What are the main KPIs in international trade?

Key Performance Indicators (KPIs) in international trade provide essential measures for evaluating and monitoring the performance of business activities on a global scale. The main KPIs used include :

• value of exports and imports: this measures the value of goods and services traded between countries. This indicator provides an indication of overall business activity;
• balance of trade: the difference between the value of a country’s exports and imports. It indicates whether a country exports more goods and services than it imports, or vice versa;
• the growth rate of exports and imports: this measures the evolution of the value of exports and imports over time. It reflects the dynamics of international trade;
• World market share: this indicator shows whether a country or a company holds a specific product on the world market;
• delivery times: the time it takes to deliver goods from one country to another. Measuring delivery time is important, because it can have an impact on customer satisfaction and company competitiveness;
• logistics costs: costs associated with transporting, storing and managing goods.

These KPIs are crucial for assessing performance and guiding strategic decisions in international trade.

Which course to choose in international business?

ESCE’s Bachelor’s degree in International Trade & Customs Management is an attractive option for those wishing to specialize in international trade. This course provides students with an in-depth understanding of the principles of international trade, as well as specific customs management skills. It should be noted that these are essential aspects in the context of international trade. With its emphasis on practical experience, this program prepares students to meet the challenges of contemporary international business. It also gives them the tools they need to succeed in this dynamic, globalized field.

Updated 7 May 2024