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Showing posts from April, 2023

China Exports to North Korea went up by 247% in FY 22

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  China's exports to North Korea had seen a three times growth in the financial year 2022. China shares a good trade relationship with North Korea with over 80% share in its imports and exports. The bilateral trade between China and North Korea reached one billion dollars in FY 2022. According to the China import export data , there was a record jump in the shipments from 247%. Around 890 million dollars exports from China to North Korea was recorded in the financial year 2022. On the other hand, China customs data reports suggest that around 58 million imports were recorded from North Korea to China in 2022.  In this blog, you will get the detailed information on North Korea and China Trade. China Exports to North Korea According to the China export data , China's exports hit an all -time high of 890 million dollars with a significant jump of 200%. In 2021, China's exports were 260 million dollars. Ever since the covid outbreak in North Korea, China's medical exports t

Pakistan's Exports To Middle East Went Down By 10%

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 O ver the years, Pakistan and Middle Eastern countries have been important trade partners. Pakistan shares a good amount of exports to the top Middle Eastern countries. As per the import export data reports, exports to the Middle Eastern countries have been on a year on year decline of 11%.  For the financial year 2023, Pakistani exports to Middle Eastern countries were around 1.8 billion US dollars. The United Arab Emirates, Saudi Arabia and Qatar were the top markets for Pakistani Exports. One important cause of decline in middle eastern exports from Pakistan was mainly the drop in UAE's imports from Pakistan in FY 2022. Get a detailed overview of Pakistan exports to Middle Eastern Markets through this blog: Pakistan’s Top 3 Exports Market United Arab Emirates The United Arab Emirates is the top importer of goods from Pakistan. According to the Pakistan import export data , the United Arab Emirates covers over 64% of the total Pakistan exports.  According to the Pakistan export

Turkish Export to Africa hit record $21B in FY22

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  Tukey has been the crucial trading partner of Africa. Over the years, the exports from Turkey to Africa have seen an upward trend. According to the Turkey import export data record, the Turkish exports hit a record 21 billion dollars to Africa in the financial year 2022. As compared to the last year Turkey customs data , there was around 12% increase in the exports from Turkey to Africa. Egypt was the leading importer of Turkish goods with imports worth around 4 billion US Dollars. Other major contributors to the Turkish exports were Morocco, Libya, Algeria and South Africa. As per Turkey export data , the top product exports were textiles, machinery, ceramics, marbles, cosmetics, agriculture goods, electrical equipment and food processing units. Top 5 African countries by Turkish Exports Egypt Exports to Egypt increased by 30% in the financial year 2022. Turkish exports to Egypt were around 4 billion us dollars. The major imports by Turkey were cars, coke, jewellery and textiles. O

Brazil's Poultry Exports Rose by 5% in FY22

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  Brazil is the world's biggest poultry export market. Currently, Brazil is the leading Chicken meat exporter in the world. For the fiscal year 2023, Brazil's poultry production was around 14 MMT. According to the Brazil customs data , China is the top destination for poultry exports. Brazil's poultry meat exports were around 8 billion us dollars in 2022. It was the 5th largest export item from Brazil. As per the Brazil import export data reports, the maximum shipments volume was recorded for China, Japan, Saudi Arabia, Saint Lucia and the United Arab Emirates. In the fiscal year 2022, there was a 5% increase in chicken meat exports from Brazil. Our Brazil export data suggests that Brazil's chicken meat exports were record 5 million tonnes in 2022 while it was 4.5 MMT in 2021. The United Arab Emirates was the leading importer of Chicken meat along with China, Japan, European countries, and the United Kingdom. There was a 50% rise in imports from South Korea, Singapore

Indian to boost its mangoes exports to US

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  India is the top producer of mangoes globally along with China. Whereas, Thailand is the leading exporter of mangoes in the world. As per import export data , Thailand mango exports are worth 826 million US Dollars.  Around 1000 different varieties of mangoes are found in India. These include Alphonso, Kesar, Totapuri, Badami, Banganappale etc.Maharashtra, Gujarat, Telangana, Uttar Pradesh and Andhra Pradesh are the major regions in terms of mango exports. According to the India import export data records, the top markets for Indian mango exports are United Arab Emirates, United Kingdom, Qatar, Oman and Kuwait. In 2022, India's mangoes export volume was around 28 thousand metric tons. There is a rise in mango exports from India as compared to last year. As per India export data of mangoes, India's mango exports were around 59 million US Dollars in 2022. The majority of the mangoes exports were to the United Arab Emirates. Around 14K MMT of mangoes were exported to the UAE w

Demand for Argentinian Lithium Surged to 230% in 2022

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  Lithium is the most important element used in various electronics items including electric vehicles. Argentina contributes to over 9% of the total lithium reserves. It is the second largest lithium exporting country in the world after Chile. Chile and Bolivia along with Argentina cover over 75% of the total lithium reserves globally. According to the import export data reports, Argentinian lithium exports rose to record level increase of 230% in the financial year 2022. Our Argentina customs data records reflect that around 540 million US Dollars lithium exports were recorded in FY 2022. As per the Argentina import export data , the major importers of lithium from Argentina were Brazil, Chile, China, Taiwan and the United States. As the world is heading towards greener solutions, the demand for electric vehicles will increase further. Argentina could be an option to cover the lithium shortage in the global market. In this blog, we will read about Argentina's top minerals export

Rise in Demand of Durian Fruit in Chinese Market

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  Durian fruit is the most selling fruit in China. Over the years, the demand for durian fruits has increased in the Chinese market. Apart from Durian fruits, there was a surge in imports of bananas, coconuts, cherries, mangoes, dragon fruit, longans etc. According to the China import export data reports, China's fruit imports are worth around 15 billion US Dollars. The value for these imports rose by 8% and shipments volume  by 4% year on year. As per China customs data , around 7 MMT of fruits were imported in 2022. China import data for Durian fruits reflects that China is trying to slow down its durian fruits imports. For the fiscal year, there was a decline of 5% in Durian fruit imports. As per the last year China trade data reports, the durian fruits imports were 4 billion US Dollars. In 2022, it came down to 3.87 billion dollars. Thailand is the major exporter of durian fruits to China. While other major exporters of durian fruits are Vietnam, Hong Kong, Taiwan, Singapore

Indian Solar Cell Exports to USA hit $562 M in 2022

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  Due to global warming, the world is heading towards a greener future. Solar Energy is another conventional source of energy that countries are banking upon. Currently, China is the leading solar module exporter in the world with over 75% share in the global solar cell production. According to the China import export data , China's solar cells and module exports were around 46 billion US Dollars. In India, Bhadla solar park is the leading solar cell capacity park with an output of 2245 MW. In terms of solar energy, Germany, Italy, Spain, Japan, United States, China, Czech, Australia, France and Belgium are the top 10 solar energy producing countries in the world.  Germany produces twice the solar output that any other European country produces. China leads the world in terms of solar power capacity, China installed over 50,000MW solar cells.  After China, Vietnam, Malaysia, South Korea, the United States and India were other major solar cell and module producers. India is the four

India imports from Vietnam hit record $7.54 B in 2022

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  India is an important trade partner with Vietnam, an ASEAN nation. India and Vietnam share a crucial relationship in terms of trade. According to the Vietnam import export data reports, last year trade reached 14 billion US Dollars with a 27% year on year growth rate. Whereas, in 2022, the trade surplus between Vietnam and India hit a record 15 billion US Dollars. As per Vietnam customs data , the top traded goods were footwear, textiles, rice, bovine meat, steel, precious gems, machinery, fuels and vehicle parts. Through this blog, you will get a more detailed overview of Vietnam trade with India for 2022. Vietnam imports exports to India According to the latest Vietnam export data reports, India imports from Vietnam hit record high of 7.54 billion US Dollars in 2022. Around 27% year on year increase in Vietnam exports to India. Vietnam's most prominent exports to India includes textiles, leather, electrical euipments and machinery. Footwears from Vietnam recorded a seizable a