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Showing posts from August, 2023

Global Import Export Data For Profitable Decision Making

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  Nowadays, data holds the key for a company’s success. Same applies for the import-export businesses. A global import export data provider can make a major impact on the global business owners. There are many challenges faced by import export business owners. These include identifying market demand, plan pricing, analyze competitors, evaluate production quantity, and discover verified buyers/suppliers.  Through a global import export data, you can get an idea to establish your business to the global market. You can make better market decisions and plan an effective marketing strategy to boost your business to the global market. Here, we have mentioned some of the benefits of having global trade data: Find Growing Markets: Whether you are looking to sell your products to the United States or Europe, an exim data could help. Global trade data covers useful insights to grow your business into the international market. In data, you will find a country’s top imports, exports, top traded

Argentina Mining Market Overview

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  Argentina has rich mineral reserves. Currently, Argentina's top minerals reserves are gold, silver and copper. Also, one of the most precious minerals found in Argentina is lithium. Argentina is the world's fourth leading lithium producer. According to the Argentina customs data , Argentina exports the majority of its minerals to Chile, Brazil, Paraguay, Uruguay, Russia and the United States.  Lithium is the 52nd leading mineral export destination. As per Argentina export data reports, the overall mineral exports from Argentina were estimated at $3.6 billion with an year on year increase of 4%. Brazil, Chile, Taiwan, China and the United States were the top destinations for Argentina's mineral exports.  In terms of mineral exports, Argentina is facing stiff competition from Australia, China and Germany. Whereas the fastest growing markets for the minerals exports from Argentina are Brazil (80%), Chile (11%) and Taiwan (1%). On the other hand, Argentina's mineral expo

USA farm exports up by 11% in FY 2022

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  The United States is a very agri focussed country. The US is a very niche market for farm imports and exports. According to the USA import data reports, the overall agri exports from the USA were estimated at around $192 billion in 2022. These were mainly from Mexico, Canada, France and Italy. The USA is a significant exporter of corn, wheat, poultry, meat and soymeal products. As per US import export data reports, around $196 billion worth of agricultural goods were exported from the USA. As compared to the financial year 2021, there was around 11% increase in the farm exports from the USA. It was estimated around $172 billion.  The top farm exports from the USA were mainly soybeans, corn, dairy products, cotton, beef, tree nuts, wheat, pork, poultry meat, fresh fruits, bakery products and food products. The top destinations for US agricultural exports are China, Mexico and Canada.  In 2022, China was the top importer of agricultural goods from the US. According to the US customs

Brazil's palm oil alternative, "Babassu Oil"

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  Palm oil is an essential edible oil used in cooking. That is why, it is a highly demanded product in the international market. Currently, the leading palm oil suppliers like Indonesia and Malaysia have restricted their exports of palm oil. This abrupted the supply chain of palm oil in the international market. Amid this palm oil shortage, Brazil's babassu has came out as the more sustainable alternative to palm oil. Brazil has rich reserves of babassu which could serve as an alternative to palm oil. Brazil is currently the 13th biggest exporter of babassu oil. As per Brazil export data reports, around 5.8 million dollars worth of babassu oil was exported during the fiscal year 2021. The top importers of Brazil's babassu oil are the Netherlands, Paraguay, France, United Kingdom and the United States. The Netherlands holds over 75% share of Brazil's total babassu exports. Whereas the latest Brazil customs data reflects that Brazil's babassu oil exports totaled to be $

Singapore overall imports & exports fell by 16% in Q1

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  Singapore is a very powerful economy. It stands 35th on the list of largest economies by GDP. According to the Singapore customs data reports, the country's total trade value was estimated around $990 Billion. Singapore is the 19th largest exporter of goods in the world.  Whereas, in terms of imports, Singapore was ranked 16th biggest importer in the world. As per the latest Singapore import export data reports, the overall exports and imports were down by 16% in the first quarter of FY 2023. In March 2023, Singapore's overall trade fell by 8.4%. The oil products had seen a major decline of 16% and the non-oil products share of imports were down to 65%. During March 2023, Singapore's overall trade value crossed $104 billion while it was $96 Billion in the previous month. As compared to the same period last year, there is a sharp decline in imports and exports of the country. Singapore's oil exports are mostly to Australia and Indonesia, which declined by 15% during

Ethiopia exports fallen by 12% in 2023

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  Ethiopia is a progressing country of the African subcontinent. Ethiopia is currently the 58th largest economy in the world. According to the Ethiopia customs data reports, Ethiopia's total trade value was estimated around $29 Billion during the fiscal year 2022. Ethiopia was ranked 105th leading importer in the world. Whereas, in terms of exports, Ethiopia stands 126th biggest exporter in the world.  As per the Ethiopia export data , the country’s total exports stood around $10 billion in 2022. Ethiopia's major exports include coffee, gold, oilseeds, vegetables, dried legumes, flowers, aircrafts, cassava, etc. The United Arab Emirates was the top importer of Ethiopian goods with over 23% share in Ethiopia's total exports.  The United States was the second most importing destination of Ethiopian goods, having 11% share. Similarly, Somalia, Saudi Arabia, Germany, Netherlands, China, Singapore, Japan and India. So far in 2023, Ethiopia exports have declined significantly. A

Pakistan's rice exports hit record $2.1B in FY 2023

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  In the difficult times, rice has emerged as the most profitable way to stabilize the fragile Pakistani economy. Pakistan is in the awe of taking the advantage of rice exports ban from India. Pakistan could be an option amid rising global rice market demand. Also, Pakistan is the 4th largest rice exporter in the world. Rice is the 2nd most exported commodity from Pakistan. Pakistan rice exports prices could reach an all time high in 2023. As per the latest market trends, the rice for Pakistan exports was on average of $500 dollars during May 2023. It is increasing at the rate of 11% every month. Last year, Pakistan's production volume dipped by 25% amid floods. This year, Pakistan's production could reach around 9 million tonnes of rice. That will assist Pakistan to expand its rice exports in the global market and generate more revenue.  According to the Pakistan import export data reports, Pakistan had exported around 3.5 million tonnes of rice which includes various varieti

Thailand's exports declined in 2023: Reports

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  According to the Thailand import export data reports, there were around 288 billion dollars worth of exports recorded by Thailand.  During this period Thailand's most prominent exports were machinery, mineral fuels, chemicals, crude materials, beverages, tobacco, animal, vegetable oils, and other major products. Machinery was the most exported product from Thailand with exports worth 4.3 Billion Thai baht. Mineral oils and fuels were the second most exported goods from Thailand with over 2165 billion Thai baht worth of exports in 2022. Whereas, as per Thailand customs data , manufacturing goods exports worth was estimated around 1270 Billion Thai Baht followed by Chemicals ( 1212 Billion Thai Baht) and Food Products ( 561 Billion Thai Baht).  The United States was the top destination for Thailand exports with over 15% share in Thailand total exports. China was the second leading market for Thailand exports with imports worth over $36 Billion. As per Thailand export data , Japan,

Russia-Africa trade up by 35% in FY 2023

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Russia and African countries share strong trade and economic ties with each other. Despite the hard covid time and western sanctions, the Russian-African trade is up by 33% in the first 6 months of financial year 2023. As confirmed by the Russia customs data reports, the bilateral trade between Russia and Africa crossed 18 billion dollars during FY 2022. In 2020, it was around 14 billion dollars. As compared to this, there was a 22% share of increase in the bilateral trade value.  African countries hold over 3.5% share of Russia's total exports during the fiscal year 2023. There was a noticeable amount of increase in Russian exports to Africa as compared to 30% in 2022. Russia and Africa are progressively working on expanding their bilateral ties. Both have signed various pacts and memorandums to double their trade volume within the next few years.  African countries' population is growing at a very rapid pace. It depends vastly on crop imports. As Russia is the leading suppli

Bangladesh food imports record high amid low production

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  Bangladesh mostly relies on food products imports. According to the Bangladesh import export data reports, the imports of cereals and other valuable food items worth around 1.1 trillion Bangladeshi Taka during the fiscal year 2022.  Rice and Wheat are the most consumed products in Bangladesh. As per the Bangladesh customs data , around 4.5 million tonnes worth rice was imported by Bangladesh while 4.3 million tonnes worth wheat imported during FY 2022. During fiscal year 2022, Bangladesh wheat production was around 1.2 million metric tons, whereas the country's rice production reached 35 million metric tonnes. Whereas, Bangladesh corn production is recorded to be 4.9 million metric tonnes in 2022.  Due to adverse climatic conditions, Bangladesh staple food crops production has been affected. Experts forecasts for this year suggest the increase in the rice imports and decline in the imports of wheat. Bangladesh is currently the 8th biggest importer of wheat globally. According to