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Showing posts from May, 2023

Mexico shipped record 166K units of trucks in FY22

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  Mexico is the leading Truck exporter in the world. Mexico covers over 21% of the global trucks export market. While the import export data global reports reflect that the United States, Germany, Japan, France, Thailand and China were the major truck export markets globally.   In the financial year 2022, Mexico did record truck exports. According to Mexico customs data , around 166K units of trucks were shipped during the fiscal year 2022. Mexico's truck exports are seeing 18% year on year increase. As per Mexico import export data reports, the country's truck exports were around 31 billion US dollars.  Mexico's truck manufacturers have increased their production due to global market demand. Currently, there are around 16 truck manufacturers. The top Truck manufacturing companies in Mexico are Frieghtliner, Anpact, Kenworth, Navistar, Hino, and International DINA. Frieghtliner was the leading truck exporting country from Mexico during the fiscal year 2022. According to t

Brazil To Become World’s Leading Maize Exporter By 2023

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  Brazil is on the verge of becoming the top corn exporter in the world as suggested by the Brazil import export data reports of 2023. Currently, the United States is the leading exporter of corn globally. Brazil is about to see a good maize harvest this year. Experts predict that there could be an 8% increase in exports by the financial year 2023. Another major reason behind Brazil leading the maize export market could be the light harvest in the United States, Ukraine, and Argentina. According to the latest Brazil customs data reports, the country had exported over 51K million metric tons of volume in between FY 2022-23. Brazil and the United States exported the same amount of corn during FY 2022. While as per the import export data global reports, Argentina, South Africa, Ukraine, Paraguay and Russia were the top maize exporters worldwide. As per Brazil export data , Brazil's maize exports were around 17 billion dollars in 2022 with over 8% increase. Taiwan, Iran, Vietnam, Eg

Tanzania's coal exports hit record $225M

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  Tanzania has rich coal deposits. Tanzania has over 1.9 billion tonnes of coal reserves. According to the Tanzania customs data , around 225 million dollars of coal exports were recorded from Tanzania in the financial year 2023. There was a tremendous amount of jump in exports of coal from Tanzania. Over the years, coal exports from Tanzania have increased significantly. In 2021, it was 13 million dollars. While as per Tanzania import export data , last year coal exports were merely 22 million dollars. This year, Tanzania's coal exports increased by 780%. Reason being the disrupted coal supply in Europe due to the Ukraine-Russia war. Tanzania has come out as the alternative to Europe's energy crisis. The major markets for Tanzania’s coal exports are Kenya, Uganda, Congo, Rwanda, Poland, Senegal, India and Hong Kong. Currently, the top markets in terms of coal exports are China, India, Indonesia, Australia, Russia and the United States. Tanzania has rich mineral deposits. Miner

USA's Agricultural Exports Hit Record $195 B in FY22

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  In the fiscal year 2022, the USA's agricultural exports boomed to 195 billion dollars. According to the US customs data , US farms and food products exports were estimated around 176 billion dollars in FY 2021. Agricultural exports from the USA increased by 11% in 2022. The major agricultural produce from the USA were Soybeans, Corn, Bovine meat, Dairy products, Cotton, Tree Nuts and Wheat. As per US import export data , China, Mexico, South Korea, Taiwan and Philippines were the major markets by the US agricultural exports. USA’s Agricultural exports will continue to shine in 2023 also as suggested by Experts. In this blog, you will get a detailed analysis report on US top agricultural exports for FY22. Soybeans Soybeans were the top agri goods exports from the United States in the financial year 2022. According to the US trade data reports, soybeans exports from the US amounted to over 32 billion dollars. US soybeans have great demand in the China, Mexico, European Union, Egypt

Chinese Medical Equipments Market On Rise

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  China's medical equipment market is a very niche export market. Currently, China is ranked 3rd largest medical equipment exporter in the world with over 7.5% share of total global medical equipment exports. The Chinese medical device market is very immense. As per China trade data , Diagnostic imaging (40%), Consumables (17%), Patient Aids (14%), Orthopedics/Prosthetic (6%) and others (20%) were the major medical equipment exports by total export share. While, as per import export data reports, globally the United States and Germany are the top two medical equipment exporters with 33% share of global medical equipment exports. During the covid outbreak in 2020, China's medical equipment exports were up by 40%. In 2021, it declined by 31%. Whereas in FY 2022, the medical equipment exports had seen a 20% growth.  According to the China import export data , around 98 billion dollars medical equipment exports were made by China in 2022. As per last year China customs data repor

Russia exported $1.2B seafood to Japan in FY23

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  Russia is a well known sea food exports market. According to the Russia import export data reports, seafood exports from Russia were up by 30% in the financial year 2022. Russia's sea food exports hit 8 billion dollars. Russia exports to over 60+ countries. The top importers of Russian fish were South Korea, Japan, China, Norway, Germany, Netherlands and Poland. As per the Russia export data records, Russia marine exports to Japan were all time high of 1.2 billion dollars. For the financial year 2022, Russia's exports to Japan were around 12 billion dollars. The top product exports by Russia to Japan were Petroleum products, natural gas, coal, platinum and aluminium. On the other hand, Russia's imports from Japan were estimated to be 9.8 billion dollars in FY22. According to the Russia trade data , the top product imports by Russia from Japan were Motor Vehicles, Rubber Tyres, Chemicals and Heat Engines. Similarly, Marine exports by China to Russia were up by 51% in the

Russia has become the top crude oil exporter to India in FY23

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  India does the majority of crude oil imports to meet their domestic market. India’s oil imports come from Saudi Arabia, Iraq and Russia. Russia has now become the top exporter of crude oil to India replacing Saudi Arabia and Iraq. According to the India import data records, Russia has exported over 3 billion dollars of crude oil to India in February 2023. While crude oil imports from Saudi Arabia and Iraq were 2.3 billion and 2 billion dollars respectively. As per India import export data reports, during April to February 2023, Russian oil exports to India rose to 27 billion dollars. On the other hand, there were some significant amounts of crude oil imports from Iraq ($30B), Saudi Arabia ($26B), US ($10B) and Kuwait ($7B). Another significant import was coal. Although, India is among world's top 5 coal importers in the world. For the financial year 2023, coal imports increased by 5%. Earlier, Australia was the top exporter of coal to India. But in FY 2023, coal imports from Au

Imports of Arecanut From Indonesia Grew in FY23

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  Indonesia was the top areca nuts exporter in the world followed by Thailand, Sri Lanka, and Singapore. But over the years, there is a rise in imports of areca nuts by Indonesia. Around 220% year on year rise in imports of areca nuts by Indonesia. Indonesia import data suggests that around 1.5 million dollars of areca nut imports in 2021 with over 0.53% share of total Indonesian imports. It was noted that areca nut exports from Pakistan have increased to Indonesia. Around 53% share of total areca nuts exports were reported from Pakistan to India. Other major import markets were Cambodia, Vietnam and Singapore. As per the Indonesia import export data reports, Indonesia's areca nuts exports were estimated around 215 million dollars in the financial year 2021. The share of Areca nuts exports from Indonesia was around 62%. There was around 4.7% year on year increase in areca nuts exports. The top markets for Indonesian exports were Thailand, Pakistan, Iran, Bangladesh, India, China,

Vietnam, “The Second Largest Footwear Export Market”

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  Vietnam is the second largest footwear export market after China. According to the Vietnam import export data reports, Vietnam's footwear exports accounted for over 24 billion dollars. There was a comparatively large increase in the footwear exports as compared to the last year. In 2021, footwear exports were around 20 billion dollars. It was around 13% more as compared to exports in 2021. As per Vietnam customs data reports, the leather and footwear exports together accounted for 28 billion dollars. The United States, China, Germany, South Korea and Japan were the top countries by Bangladesh footwear exports. On the other hand, Vietnam import data reflects that the country's footwear imports were merely 3 billion dollars. The major footwear exporters to Vietnam were China, the United States, Taiwan, Singapore and South Korea. According to Vietnam export data records, Binh Tien Consumer Goods Manufacturing, 26 Joint Stock Company, Vinh Yen Shoes Joint Stock Company, Giova