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Industrial goods

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industrial goods
products or services purchased for use in the production of other goods or services, in the operation of a business, or for resale to other consumers.

Industrial goods and materials (metals, ores and chemicals) is the largest export segment representing 24% of total exports. The second largest category is Energy Products (oil, natural gas and other) at 22% of total exports.

Industrial Goods Sector
A category of stocks that relate to producing goods used in construction and manufacturing.

industrial goods Goods or components produced for use primarily in the production of other goods. Industrial New Orders - Euro-zone The value of new contracts for goods produced by the manufacturing sector. A...

American production of industrial goods gradually replaced raw materials in significance as exports, and imports of manufactures slowly declined.

Increasingly, a growing proportion of the infrastructure needs of industrial goods being bought by emerging economies are goods produced by other emerging economies. Trade between Latin America and China has increased by 13 times since 1995, from $8.

The product focus lies on industrial goods or capital goods rather than consumer products or end products. Different forms of marketing activities, such as promotion, advertising and communication to the customer are used.

While multilateral efforts have successfully reduced tariffs on industrial goods, it has had much less success in liberalizing trade in agriculture, textiles, and apparel, and in other areas of international commerce.

The protocols also may set out the terms governing reciprocal trade turnovers of specified products such as commodities for industrial goods or industrial plants.

The sectors are Finance, Utilities, Properties and Commerce, with a more in depth list of specific industries, including Energy, Materials, Industrial Goods, Consumer Goods, Services, Telecommunications, Utilities, Financials, ...

See also: Outsourcing, Smith, Acquisitions, Mergers, Forecasting

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