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Showing posts from June, 2023

Russia, "the world's largest wheat exporter"

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  Russia is the world's biggest wheat importer. Russia contributes around 14% of the global wheat exports. Whereas, the United States, Canada, Australia, Ukraine and France are other leading wheat exporters after Russia.  As per Russia Trade Data , the country's total wheat exports were 15% more as compared to the fiscal year 2021. In 2021, Russia's wheat exports were estimated at around 8.8 billion dollars. Whereas, these figures have changed to 13 billion dollars in 2022. In the earlier months, these wheat exports had declined due to the Ukraine invasion. Later from July to December 2022, Russia's wheat exports gained momentum. During last year, it crossed 47 million metric tonnes. Our Russia export data reflects that Egypt, Turkey, Nigeria, Azerbaijan and Suadi Arabia were the major buyers of Russian wheat. Turkey was the top destination for Russian wheat imports with over 4.7 million tonnes. Although the imports declined by 15%. Similarly, shipments to Iran have a...

Australia exported over 400,170 tonnes of sorghum in April

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  Sorghum is an important agri export commodity of Australia. Australia is the world's 3rd biggest sorghum exporter after the United States and Argentina. According to the Australia customs data reports, around 2100 million metric tons worth sorghum was exported from Australia during the fiscal year 2022. China was the top sorghum exporter from Australia with exports worth over 378 million dollars. Whereas other major sorghum importers from Australia were Japan, Kenya, Taiwan, and Philippines. In terms of worldwide sorghum exports, Australia is facing stiff competition from China, Japan and Kenya while Australia's sorghum exports to Botswana, Uruguay and Ukraine have declined significantly. During April 2023, Australia did record sorghum exports. According to the Australia import export data , Australia had exported over 400,170 million metric tonnes shipments of sorghum during April 2023.  China import data suggests that around 339433 worth sorghum imports shipments were ma...

Turkey to seek $15B textile exports by 2023

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  Being the world's 5th largest textile exporter, Turkey is expecting positive growth for the financial year 2023. There was a minor increase in Turkey's textiles exports this year. According to the Turkey customs data reports, around 12.9 billion dollars exports were recorded for Turkey this year. Compared to last year, it was just 0.6% more. Textiles is the 3rd largest exported commodity from Turkey. Turkey’s textiles exports remained stable throughout the year. The Turkish government is aiming for 15 billion dollars textile exports by 2023. Turkey export data suggests that the major buyers of Turkish textiles were mainly European and African countries. In 2022, Turkey exported over 5.5 billion dollars to leading European destinations. There was a shortfall of 5% in comparison to FY 2021. As per our Turkey import export data , there was an increase of 7% in Turkish textile exports to African countries. Turkey's exports to African nations totaled 1.4 billion dollars. Re...

Argentina's wheat exports to reach record high in FY 23

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  Wheat is an important agri export commodity of Argentina. Argentina is ranked the 7th largest exporter in the world. It covers over 6.4% of global wheat exports share. Around 60% of Argentina's wheat is exported. According to the Argentina import export data reports, around 11 million metric tonnes of wheat was exported during the financial year 2022. During this period, Argentina's wheat exports totaled 3.2 billion dollars. There was around 5% increase in Argentina's wheat exports as compared to last year's 2.75 billion dollars exports. As per Argentina customs data records, Brazil was the leading wheat importing country from Argentina with over 53% share of total imports. Whereas Chile, Morocco, Nigeria, Kenya, Indonesia, Ecuador, Algeria and Peru were other emerging markets for Argentina's wheat exports. On the other hand, Argentina import data suggests that the United States is the top wheat exporter to Argentina with over 55% share of total imports. Spain,...

Vietnam's exports to reach $618B by 2030

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  Vietnam is the fastest growing economy in the world. Vietnam is posing a stiff challenge to China in every aspect. Vietnam is offering cheap labour, quality products and better supply chain management while China’s are on the higher side. Vietnam is the 26th largest economy in the world. Currently, manufacturers are facing an electronics parts shortage. Vietnam has become a major electronics market hub. Also, Vietnam is the leading market for garments, electrical equipment, leather and footwears. According to the Vietnam trade data reports, Vietnam's total trade reached a record 730 billion dollars during the financial year 2022. Whereas, last year Vietnam trade statistics suggests that Vietnam's total trade value was around 664 billion dollars. For the fiscal year 2022, Vietnam's exports have grown rapidly. It increased by 10% in FY 2022. Vietnam's total exports reached 372 billion dollars during the period. The major gainers were electronics, cellphones, shoes, gar...

US fig imports up by 13% in April

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  Over the years, USA's fig imports have increased significantly. The United States is the 4th largest figs importer in the world. According to the US import data , the United States figs imports had seen a 13% rise during April 2023. Earlier in March 2023, there was a 27% rise in figs imports by the USA.  As per US customs data reports , around 6 million dollars worth figs were imported in April 2023. The top figs suppliers to the United States during this period were Turkey responsible for over 84% of the total USA's figs imports. While other major markets for US figs imports were Mexico and China. The United States is a significant exporter of figs. As per US export data , around 11 million dollars worth figs were exported by the US during FY 2021. In terms of exports value, Turkey's figs exports to the US was estimated around 4.5 million dollars during April 2023. Mexico held the second position in terms of figs exports to the US with over 1 million dollars worth along ...

Brazil's Cotton Exports Market Overview

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  Brazil is the second largest cotton exporter in the world after the United States. For the financial year 2022, Brazil's cotton exports grew by 9%. According to the Brazil import export data reports, cotton exports from Brazil accounted for around 3.9 billion dollars. Compared to last year, Brazil's cotton exports were 3.2 billion dollars. Our Brazil customs data suggests that China, Vietnam, Turkey, Pakistan and Bangladesh are the top destinations for Brazil's cotton exports. On the other hand, Brazil cotton imports were around 126 million dollars during the financial year 2022. Argentina, Egypt, Turkey, the United States and India were the top cotton exporters to Brazil as per Brazil import data reports. Currently, during April 2023, Brazil's cotton exports have shown a slight decrease and exports stood at 114 million dollars. Whereas the imports have increased to 1.4 million dollars during April. During this period, Vietnam was the leading destination for Brazil...

Russia exported 80% of its crude oil to India, China in May

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  Russia is one of the leading exporters of natural gas, crude oil and coal in the global market. Ever since the Russia-Ukraine war, Russia has offered huge discounts on crude oil. This comes as an opportunity for many Asian nations. India and China are among them. As per the import export data reports globally, India and China accounted for over 80% of Russia's total crude oil exports in May 2023. That resulted in less imports of oil from African and Middle eastern countries. According to the Russia import data reports, in May, Russia oil imports were estimated around 110 million barrels. In May 2023, Russia did over 62 million barrels of crude oil shipments to India. Whereas around 6 million tonnes of crude oil was shipped to China. Our Russia export data suggests that India imported a record 66 million barrels of crude oil from Russia. While It was 49 million barrels crude oil was shipped to China. Whereas, India and China's crude oil imports from Dubai and Oman fell by 4...

Pakistan grabs a deal to export rice in Russian Market

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  Pakistan is currently the 4th largest exporter of rice globally. According to the Pakistan export data reports, Pakistan's rice exports were estimated around 2.5 billion dollars during the fiscal year 2022. The major destinations for the exports of rice from Pakistan were China, Kazakhstan, United Arab Emirates, Malaysia and Afghanistan. China covers over 17% of Pakistan's total rice exports. Basma Rice Mills, Nauman & Co, SF Commodities, Vatan Gujarati and Aftab Food industries are some of the leading rice exporting companies from Pakistan. Although Pakistan is a prominent rice exporter, it is facing stiff competition from India, Vietnam and Thailand. On the other hand, Pakistan's rice imports for the fiscal year 2022 were recorded to be 48 million dollars. China held over 96% share of Pakistan's total rice imports. As per Pakistan import data , the United Arab Emirates, United States, Tanzania and India were the top suppliers of rice from Pakistan.  There is go...

Kazakhstan aims to raise its Agri exports to EU

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  Kazakhstan's agricultural sector is continuously booming. Last year, Kazakhstan's agri exports saw tremendous growth. Kazakhstan is stepping up as the supplier of high quality organic products such as meat, beef, honey meat, and dairy products. European countries cover over 34% of Kazakhstan's total trade volume.  The major importers of Kazakhstan agri products to Kazakhstan were According to the Kazakhstan customs data , the agri exports to European countries had reached 991 million dollars. These include cereals, flax seeds, wheat, canola, and rapeseed. Whereas, around 57K live animals were imported from European countries during 2022. The top European importers to Kazakhstan were Czech Republic, Poland, Slovakia, Netherlands, Denmark, Lithuania, Latvia, Germany and Austria. As per Kazakhstan import export data reports, grains & flour covers over 71% of Kazakhstan's total agri exports. Kazakhstan's major agricultural exports are grains, flour, food preparat...