How to Monitor International Trade Information

International trade is a growing segment of the United States economy as investment in foreign markets increases. It is important for individuals and businesses to monitor international trade information regularly to protect current business practices and to plan future investment.

Difficulty: Easy

Instructions

Things You'll Need:

• Subscription to a reputable international trade magazine

1. Visit international trade websites to monitor international trade information on a daily basis.

2. Subscribe to reputable periodicals that deal with financial issues. Many of the top financial publications will have sections devoted to international trade issues. Daily publications, like the Wall Street Journal, are sources of trade information and can be relied on for regular, reliable information.

3. Make a study of emerging markets around the world. For a truly diverse portfolio that can provide solid returns in the long term, you'll likely need an investment in global markets that are not as susceptible to fluctuations in the U.S. economy.

4. Monitor international trade information from a non-U.S. perspective. Regularly consult publications produced in other countries in order to get a well-rounded impression of global trade as a whole.

5. Subscribe to a magazine that can provide you with accurate and insightful international trade information. A reputable publication, like the Economist, is a resource for regular updates while the International Trade Forum provides quarterly summaries and outlooks.

6. Get your information directly from the International Trade Administration (see Resources below). This branch of the United States Government promotes trade and investment by U.S. businesses in overseas markets. Its site provides international trade facts, recent news in international trade and a directory of services.

7. Find an alternative trade information resource that gives you a different perspective. International trade publications are typically quite conservative, and an alternative outlook can help you gain a more balanced perspective on trends and outlooks.

8. Visit the Centers for International Trade Development website (see Resources below). Like the International Trade Administration website, this site provides trade statistics, market research information and other helpful tools.

9. Tune your television in to any one of the numerous international trade shows that are broadcast on network TV and cable every day.

Tips & Warnings

• Be wary of the websites you choose for international trade information. Rely only on established sites rather than newcomers to the industry.

Resources

• International Trade Administration website for monitoring
• Information and tools at the Center for International Trade Development