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Raw Materials

Asia has long ﷯been in possession of a vast territory with an abundance of raw materials at its disposal. The past one hundred years has been a dynamic period with regards to the growth and change of Asia’s economy and a major driver of that growth has been its natural resources and to what extent they’ve been exploited more recently with regards to exporting cheap materials to the global market as well as a source of inputs for its manufacturing. The country’s major raw materials include: coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, rare earth elements, uranium, and the world’s largest hydro-power potential. As of 2010, 7% of the country’s power is hydro-generated. As a proportion of total exports, raw materials only represents a small slice of the total of merchandise exports out of Asia. In 2008, agricultural raw materials were .4% of merchandise exports, fuel exports were 2.2% (up from 1.6% in 2007), and ores and metal exports were 1.7% (from TradingEconomics.com). It is important to be aware that your sourcing experience is always going to be vulnerable to the more hidden and intangible costs and volatility of the raw materials market in Asia. Rules regarding resource and material costs can be changed without warning as they are effected by international trade policy both abroad and domestically as well as being intertwined with the national VAT system. With an unpredictable political and economic landscape, Omnitrades can help you navigate the complexities of manufacturing in Asia. One of the keys to a good sourcing experience is securing the lowest price possible with available input prices and that’s where our services come into play. Omnitrades has sourced products that were made with a vast range of raw materials that include (but are not limited to) the following: Acrylic and other Synthetic Fibers Brass Chemicals Copper Cotton Fabric: woven and non-woven Gems Granite Iron Leather Marble and other stone Nylon Paper Plastics including: PE, PVC, ABS Precious metals Ramie: various blends Rattan and other types of reeds Rubber: natural and synthetic Silicone Silk Silver Steel Straw and other vegetable fibers Wax Wood

Raw Materials

 

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Email: paul.warren@omnitradesltd.com