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Showing posts from February, 2023

Kenya, "A Million Dollar Flower Export Market"

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  Kenya's economy mostly depends upon its agricultural exports. Cut flowers are among the top agricultural produce. Kenya's flower export market is a very potential market. Kenya is among the top 5 flower exporters in the world. It ranks as the world's fourth largest flower exporter along with the Netherlands, Colombia and Ecuador. Floriculture is the major agricultural practice in Kenya. Due to advanced irrigation, ventilation systems, artificial lighting, refrigerated trucks and artificial lighting, Kenya’s flower exports rose over the years. Some of the most popular flower exports from Kenya are roses, lilies, delphinium, helianthus, limonium and decorative plants. As per the Kenya export data of 2022, Kenya cut flowers exports were around 1,95,000 tons. There was a dip in flower exports in 2022 as compared to 2,10,000 tons in 2021. Whereas in 2020, the flowers export revenue was around 590 million US Dollars. Cut Flowers are the second most exported products by Kenya.

DR Congo, “World’s Top Cobalt Exporter”

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  DR Congo is the world's leading cobalt producer & exporter along with Russia, Australia, Philippines, Canada, Cuba, Papua New Guinea and Madagascar. DR Congo has rich cobalt deposits which is an essential component of lithium-ion batteries. It contains over 40% of the world’s total cobalt deposits. Similarly, Russia (7,600), Australia (5,600), Philippines (4,500), Canada (4,300), Cuba (3,900), Papua New Guinea (3,000) and Madagascar (2,500) were the top countries in terms of Cobalt production. As per the DR Congo import export data 2021, around 12000 metric tons of cobalt was produced during mining.  In the financial year 2020, Congo's cobalt exports were around 2.28 billion US Dollars. Congo cobalt exports by country records suggest that Australia, Indonesia, and Cuba were the major importers of Congo's cobalt. Tenke Fungurume Mining Sa Nroute De was the top Congo exporter company with the maximum number of shipments in 2021. DR Congo’s Mineral Exports Dr. Congo has

Cote D'Ivoire, "Rice Bowl of West Africa"

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  Cote D'Ivoire is in pursuit to become the Rice bowl of West Africa. The government is taking measures to expand rice production and enhance the country's rice exports. Currently, Cote D'Ivoire is the world's 75th largest rice exporter. Also, Cote D’Ivoire is the biggest Cocoa Producer and Exporter in the world. As per Côte D'Ivoire import export data of Rice, the country's total rice exports were around 1.23 million US Dollars in 2022. There was a steep rise in rice exports from Cote D'Ivoire. As of last year, it was around 1.75 million US Dollars. Our Cote D’Ivoire export data , the major rice importers were Benin, Burkina Faso, Madagascar, France and Nigeria. Côte D’Ivoire Rice Imports Cote D'Ivoire is the world's 12th largest rice importer. According to the Cote D’Ivoire import data reports, the total rice imports were around 1.19 billion US Dollars in 2022.  On the other hand, in 2020, rice imports will be recorded to be 555 million US Dollar

Rise In Philippines Rice Imports Amid Vietnam Rice Cuts

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  Recently, Vietnam has curbed rice exports to the Philippines. This will result in high volumes of rice imports by the Philippines as Vietnam was the major exporter of rice to the Philippines in 2022. This is mainly due to bad rice harvests in Vietnam amid drought and adverse climatic conditions. As per the Philippines customs data , total rice imports in 2022 were around 3.5 million metric tons as compared to 2.4 million metric tons in 2021. The majority of the country’s imports were from Vietnam followed by Thailand and China. Vietnam contributes to 90% of total Philippines rice imports. Vietnam Rice cuts will result in Philippines rice imports from Thailand. Thailand is the second largest exporter in the world. As per experts, Thailand could export up to 7 million metric tons of rice in 2023. The Philippines could seize this opportunity to meet its domestic market requirements. Philippines Rice Imports 2021-22 As per the Philippines import data , Philippines rice imports were aroun

Indonesia to expand its Electric Vehicle Market by 2023

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  The Indonesian government is planning to accelerate its Electric Vehicles sales from the global market. Indonesia is home to large nickel deposits, which is an essential component of EV batteries. Indonesia has the potential of manufacturing more than 2.45 million two wheeler Electric Vehicles and 6 lakhs four wheeler electric components. So, the Indonesian government has decided to take a step forward to boost its EV market at both domestic and global level. The Indonesian government is planning to create 4 lac electric cars and 2 million electric motorcycles by 2030. It is a great opportunity for the worldwide investors to establish a successful EV business in Indonesia as the government is offering a 50% tax reduction. Although, the challenge will be to reduce the cost of high priced EVs, and less developed charging infrastructure. Indonesia, “Leading Nickel Exporter in the World” Indonesia has the largest nickel reserves in the world. Indonesia accounts for over 30% share of the

India Has Become The World's Largest Scotch Whisky Importer Replacing France

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Over the past few decades, the demand for scotch whisky in India grew by 200%. As per the latest Scotch Whisky Association (SWA) reports , India has become the world's largest scotch whisky importer replacing France. According to India import export data 2022, there was around 60% rise in scotch whisky imports. India holds 2% share of the world's total whisky market. Due to the UK-India free trade deal, India is exempted from the 150% tariff on the imports of Scotch whisky to India. As per India customs data, India imports shipments were around 219 million in 2022. On the other hand, France imported over 205 million bottles in 2022. Thus, India has become the largest importer of scotch whisky in the world. Royal Salute, Ballantine, Imperial Blue, Antiquity, Chivas Regal, Johnnie Walker, and Black label were the popular scotch whisky brands imported by India. World’s largest Scotch whisky importing countries According to our historical data reports, France was the leading impor

Rise in Agricultural imports by China due to rising food security concerns

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Due to rising population and adverse climatic conditions,China’s agricultural imports have increased over the past few years. This is mainly due to the adverse climatic conditions and over population.  According to the China import data of Agricultural products, around 22 billion US dollars worth goods were shipped in December, 2022. That was 20% more than the previous month.  As per China customs data , China’s major agricultural imports were soybeans, corn, sorghum, cotton, livestock, pork, meat, dairy, poultry and horticulture products mostly imported to the United States, Japan, Hong Kong, Germany, South Korea, and Vietnam. China’s top 5 Agricultural imports Soybean China is the leading importer of Soybeans in the world. Also, it's the 5th most imported product by China. In 2020, China imported 36 billion USD of Soybeans. Whereas in 2022, China imported around 90 million tonnes of soybeans. The top soybeans exporters to China were the United States of America, Brazil, Argenti

Pakistan’s Exports 2022 Report

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  As per the Pakistan export data reports, Pakistan’s top exports were around 30 billion US Dollars. In 2022. The major Pakistan exports products were Textile articles, Knitted clothing, Cotton, Apparel & Clothing (not knitted), Cereals, Copper, Leather articles, Salt, Sulphur, Earth metals, Medical instruments, Toys and Beverages.  The United States, China, United Kingdom, United Arab Emirates, Germany, Netherlands, Spain, Italy, Bangladesh, and Belgium were major trading partners of Pakistan as per the Pakistan customs data . Pakistan exports increased by 5% as compared to the previous year. In 2021, Pakistan exports were worth 23 billion US Dollars. In future, Pakistan exports could decline due to its struggling economy. In this blog, you will get a detailed analysis of Pakistan Exports 2022 Report. Pakistan Exports 2022 In January 2022, Pakistan’s major exports were worth 2.49 billion US Dollars. These includes Textile Articles Worn Clothes ($442 million), Knitted Clothing ($3