Think of an entrepot as a hub for trading activities, where goods are temporarily housed while awaiting redistribution. Singapore has transformed into a global entrepot, facilitating trade between East and West.
Pro Tip 2/3
Transit Point
An entrepot can be viewed as a transit point in the journey of a product from manufacturer to consumer. Hong Kong functions as an entrepot, importing electronic components and exporting finished products.
Pro Tip 3/3
Not a Final Destination
Goods in an entrepot are not typically sold there but forwarded elsewhere for sale or further processing. The shipment paused briefly in the Panama entrepot before continuing to its final destination.