Posts

Showing posts from March, 2023

Sri Lanka Banned 300 Consumer Goods to Recover Losses

Image
Recently, the Sri Lankan government banned the global import export data of non essential consumer items to recover losses. These include various consumer goods such as shampoo, perfume, deodorants, coconuts, suitcases, trunks, etc. The total product count is 300. Whereas essential goods like aircrafts, ships, electronic products imports have been paused as well. This decision came after the 51 billion foreign debt on the country during the political crisis. As per latest Sri Lanka customs data statistics, total exports stands at 16 billion US Dollars while imports are estimated around 18 billion USD. Let's find out the trade statistics of Sri Lanka's Commercial goods. Coconuts Coconut (copra), palm kernel or babassu oil are another banned item by the Sri Lankan government. According to the Sri Lanka import export data of 2021, the coconut exports were estimated around 177 billion US Dollars. Indonesia, Malaysia, Philippines, Papua New Guinea and India are the top coconut exp

Philippines To Import 22,000 Tons of Onion Amid Domestic Crisis

Image
Philippines customs data suggests that earlier in 2021, onion imports were estimated to be 42 million USD. While it dropped down to 70% in 2022 with total import volume 268,269 tons. The Philippines imports onions worth 29 million USD. Whereas, Philippines exports were merely 166K. But currently due to adverse climatic conditions, the Philippines is facing onion shortage. Singapore and Malaysia were the leading destinations for onion imports to the Philippines. The Philippines government is in a rush to import 22,000 tons of onions to meet its rising domestic demand. Currently, the prices of onions soared to 700 pesos per kilogram in the Philippines domestic market. Philippines Agriculture Imports According to the Philippines import data records, the total agricultural imports will be worth 12 Billion US Dollars in 2022. Agricultural imports to the Philippines rose to 22% as compared to last year. The major agri imports by the Philippines were Cereals, Edible Meat, Animal, Vegetable

China's Trade Surplus Reached $6.26 Trillion in 2022

Image
According to the China customs data 2022 reports, China’s trade surplus reached 6.26 trillion US Dollars in 2022. China will become the top exporter in 2022. As per China export data , China’s total goods exports will be worth 3.59 trillion US Dollars in 2022. There was around a 10% jump in exports. Electrical machinery, Electronics, Batteries, smartphones were the top exports from China. China exports by country reports reflect that the United States, Hong Kong, Japan and Korea were top importing countries from China. On the other hand, China imports were around 2.72 trillion US Dollars in 2022. Imports from China saw an increase of 1.1% as compared to last year. China import data reflects that China was the second largest importer after the United States. South Korea, Japan and the United States were the top 3 exporting countries to China. Crude oil, petroleum gas, integrated circuits, vehicles, iron ore and soy products were the major imports of China. According to the China impor

Russia To Boost Its Natural Gas Production Up to 100m Tons By 2030

Image
  Russia is the number one natural gas exporter in the world. Around 85% of Natural gas was exported via pipeline and the rest was LNG. Currently, the LNG production stands at 33 M tons yearly. To give a major boost to its LNG exports, the Russian government is planning to enhance its LNG production up to 100 M tons per year by 2030. According to the Russia customs data , Russia natural gas exports were around 202 billion cubic metres. While Liquefied Natural Gas exports were recorded to be 40 billion Cubic Metres. After Russia, the United States, Qatar and Norway are other major exporters of natural gas in the world. Our Russia export data suggests that Russia's main natural gas export markets are European Union countries, China, Netherlands, United States and South Korea.  India is a major buyer of Russia’s Crude Oil Russia and India both share good trade relationships from the time of the USSR. Russia is India's 18th largest import partner with over 10 billion US Dollars im

India-Bangladesh friendship pipeline (IBFPL)

Image
  Bangladesh and India both share healthy trade relations. As per the Bangladesh customs data , Indian exports to Bangladesh were around 16 billion US Dollars in 2022. On the other hand, there were around 2 billion US Dollars exports from Bangladesh according to the Bangladesh export data reports. Crude Oil is among the most traded goods from India to Bangladesh. Our Bangladesh import export data suggest that around 7.5 million metric tons of crude oil is imported from India to Bangladesh. There was around 18% increase in crude oil imports of Bangladesh. To support easy flow of crude oil across the country, India and Bangladesh have laid a cross border oil pipeline. It is a 136 km long gas oil pipeline to support flow of crude oil from India to Bangladesh. As per the Bangladesh import data , crude oil imports from Bangladesh from India were 2200 million metric tons per month. The Top Crude Petroleum Oil exporting companies to Bangladesh are Kuwait Petroleum Corporation, China’s Petro

Vietnam Textiles & Footwear Exports to Reach $108B By 2025: Experts

Image
  Textiles, Footwear and Headgear are the major export commodities of Vietnam. Vietnam is ranked among the top five textile exporters and second largest footwear exporter in the world. Experts predict that textiles and footwear exports from Vietnam could reach 108 billion US Dollars by the year 2025.  Almost 70% of Vietnam's population is engaged in the textiles and footwear business. According to the Vietnam import export data reports, Vietnam textiles exports were around 24 billion US Dollars in 2022. While it was around 21 billion US Dollars in 2021. These include knitted fabrics, cotton fabrics, plastic coated fabrics, woven fabrics etc. Vietnam exports by country data shows, the majority of garment exports were to the United States, Japan and the European Union. Dony Garments is the leading garment export company from Vietnam. Phuoc Son Garment, Thu Thuy Manufacturer, Huynh Gia Fashion and Vinh Thinh An Trading are other top Vietnam export companies. On the other hand, Vietna

Liberia, "The Major Rubber Export Destination"

Image
  Liberia is the major rubber export destination in the world. As per the Liberia customs data reports, rubber contributes around 65% of the country’s total exports. Liberia is globally 11th largest rubber exporter. Also, Liberia is Africa’s largest exporter of rubber. According to the Liberia export data of 2022, the country’s rubber production rose by 38%. Around 90 metric tons of rubber was produced in 2022. Liberia’s rubber exports worth 198 million US Dollars making it the 4th largest exported goods of Liberia after Gold, Cargo Ships, and Iron Ore. The United States was the largest importer of Liberia’s rubber with over 140 million US Dollars imports from Liberia. Other major exporters of rubber were Canada, Malaysia and Germany. Liberia’s rubber had seen a significant demand in Czechia, Russia and Germany. Liberia rubber exports rose by 51% in the financial year 2022. On the other hand, Liberia’s rubber imports are worth 109 million US Dollars. Our Liberia export data suggests

Zambia, Africa’s Second Largest Copper Producer

Image
  Zambia is Africa’s second largest copper producing country after DR. Congo. Globally, Zambia is the 7th largest exporter of Copper. According to the African countries import export data , Zambia accounts for over 70% of the total African copper production.  As per the Zambia trade data reports, 850,000 million tonnes per annum copper was produced in 2022. It is the most exported commodity from Zambia. Copper covers around 60% of the total country’s exports. Our Zambia customs data suggests that Zambian copper exports were around 8.3 billion US Dollars in 2022.  Copper exports from Zambia grew by 3.4% as compared to the financial year 2021. In 2021, Zambian copper was 7.7 billion US Dollars and 5.6 billion US Dollars in 2020. Some of the major copper importing countries from Zambia were Switzerland, Singapore, Namibia, China and India. Singapore and Switzerland are the fastest growing markets for Zambia’s copper exports. According to the Zambia export dat a , Mopani Copper Mines Pl

Spain Record imports from Nigeria worth N870bn dollars in 2022

Image
  Spain has emerged as the top trading partner of Spain in 2022. Other significant export partners of Nigeria were India and France.  As per the latest Nigeria import export data reports 2022, Spain's total imports from Nigeria were around N870bn dollars. In terms of export value, Mineral Fuels, Oils (9 billion USD), Leather (35 million USD), Rubbers (20 million USD), Plastics (18 million USD), Cocoa (12 million USD), Lead (7 million USD), Fish (7 million USD), Artificial fibres (4 million USD), Antiques (4.2 million USD) and Aluminium (3.5 million USD) were the top Nigerian exports to spain in 2022. According to the Nigeria import data , Spain's exports to Nigeria were estimated at 401 million US Dollars in 2022. The major products imported by Spain were Ceramics articles (34 million USD), Beverages (26 million USD), Machinery (25 million USD), Mineral Fuels, Oils (20 million USD), Inorganic Chemicals (15 million USD), Essential Oils (15 million USD), Plastics (14 million USD

Chad’s Petro-Chemical Market Attracting Worldwide Investors

Image
  Chad is a very oil rich country. The country has one billion barrels of crude oil reserves. That is why, the top trading countries are investing in Chad's petrochemical market in order to meet the growing demand of crude petroleum oil. It is ranked 10th largest crude oil exporter among the African countries besides Cameroon, Gabon, Angola, Congo and Equatorial Guinea. The Chad government has extended its oil pipeline from Chad to Cameroon with the capacity of 225,000 barrels per day. As per Chad export data reports, Chad's petrochemical market saw an increase of 14% in 2022.  In 2020, Chad's total petrochemical exports were around 1 billion USD. On the other hand, it was around 2.4 trillion USD in 2022. Our Chad Shipment data suggests that total petrochemical exports shipments were around 205 million tonnes in 2022. According to the Chad import export data reports, Chad's most of the oil exports were to China, France, Taiwan, Germany, and India. China National Petr