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Showing posts from October, 2023

Turkey is emerging as the major durum wheat export market

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  Turkey is slowly progressing towards becoming the leading durum wheat exporter. This year, Turkey has a high yield of durum wheat in comparison to the top durum wheat exporter, Canada. Turkey had produced over 4.2 million tonnes of durum wheat in 2023. Turkey's durum wheat exports are progressing at an express rate. It could become a major force in the export market. Turkey does not export any durum wheat globally due to high domestic demand.  However, the Turkish government is planning to export durum wheat for the first time. According to the Turkey import export data , the shipments were estimated to be 84,000 mt in the last month. Although, there was a rise in durum wheat imports from Kazakhstan and Russia.  The historical Turkey customs dat a shows that around $40 thousand worth of durum wheat exported from Turkey in FY 2021. Italy was the top durum wheat importer from Turkey followed by Libya, Morocco, Belgium, Syria, Iraq and Azerbaijan. Cyprus, Spain and Switzerland were

Argentina to begin poultry imports from the USA

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  Argentina is among the prominent poultry products importer in the world. Earlier, the United States was among the top destinations for poultry products imports from Argentina. But due to the fear of bird flu across the country, Argentina had imposed a ban on poultry products imports from the United States and other countries. But after the clearance from the technical department, Argentina has resumed poultry imports from Argentina. Along with the United States, meat imports shipments from  Russia, Saudi Arabia, Hong Kong, Japan and some African countries have resumed.   Argentina import data shows that the poultry meat imports of the country mostly came from Brazil which is the main meat supplier to Argentina. Brazil was responsible for over $7.4 million worth of meat imports from Argentina. After Brazil, Paraguay, Singapore, Germany, Uruguay, and South Africa were among the top poultry meat exporters to the United States. As per Argentina import export data , South American countr

Australia's engineering imports from India up by 9%

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  Engineering goods and machineries are the key imports of Australia. Australia relies heavily on the imports of machinery equipment in order to support the country's manufacturing sector. As per Australia import export data reports, during the fiscal year 2023, communication equipment manufacturing imports were estimated to be $16 billion during this year. The other key equipment imports of Australia are computer and electronics office equipment, audio visual electronic equipment, measuring scientific equipment manufacturing. Australia customs data reports show that engineering goods imports by Australia were recorded to be $7.5 billion this year.  Australia's majority of the engineering goods imports came from India which are estimated to be $595 million in the last three months. Australia's majority of the engineering goods imports came from India which are estimated to be $595 million in the last three months. There was around a 9% increase in the engineering imports

Tanzania's berries exports to Israel up by 16%

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  Over the years, Tanzania has developed a crucial trade relationship with Israel. According to the Tanzania import export data reports, the exports to Israel were totaled to be $12.24 million during FY 2022. Tanzania's exports to Israel are increasing at the rate of 7% annually. Coffee, Fish fillets, Gold, Precious Metal Scraps, Platinum, Ropes and Jutes are some of the key exports of Tanzania to Israel. Fish fillets were the most demanded products from Tanzania in the Israel market with a share of over 40%. Whereas, Coffee was the second most exported product from Tanzania to Israel contributing to over 24% share. Precious metal scraps and Gold were responsible for 13% and 10% share in Tanzania's exports to Israel during FY 2022. In recent years, the demand for Tanzanian  berries in the Israeli market has increased significantly. Tanzania export data reports reflect that around berries fruits products particularly berries exports to Israel were estimated to be $283 million

China's dragon fruits imports from Vietnam decline amid rise in production

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  There is a huge craze for durian fruits, dragon fruits in China.This has been shown by the amount of imports that have been reported for dragon fruits in China. Vietnam is the top supplier of these fruits to China. According to the China customs data reports Vietnam has earned over $631 million from its dragon fruits exports to China during FY 2022.  Although, there was a significant decline of 37% as compared to the financial year 2021. Consequently, China’s dragon fruit imports are declining due to strict import duties. There was a 42% decrease in the exports of dragon fruits compared to FY 2021. The latest China import export data shows that China has cut down its dragon fruit imports from Vietnam by 30% in August 2023. Whereas, China import data shows that there was a 50% decline in the dragon fruits imports from Vietnam which covers over 99% share in China’s overall dragon fruits imports. The total value during the first half of Fy 2023 for China’s dragon fruit imports was est

Russian gas exports to Spain up by 70% in FY 2023

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  Russia is among the top gas exporters in the world. It ranks second on the list of top gas exporters globally. Russia is the main market for European countries to fulfil their energy requirements. According to the Russia customs data , around 166 billion cubic metres worth of natural gas was exported during the fiscal year 2022.  The key destinations Among European countries,  Germany was the top market for Russian gas exports with worth over $8.5 billion exports last year. It is also the top gas importing country from Russia. Russia import export data shows after Germany, Italy was the second largest market for Russian gas exports with worth over $5.98 billion followed by Belarus ($5.2 B), France ($3.7 B) and Poland ($3.5 B).  Whereas, other major gas importers were Turkey, Japan and China. In FY 2022, Turkish gas imports from Russia were $3.8 B whereas Japan and China were responsible for $2.04 billion and $1.92 billion respectively. Recently, Spain has emerged as the top gas expo

Singapore's apparel imports from Vietnam hit $68 million in FY 2023

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Vietnam is one of the biggest exporter textiles globally. Over the years, Singapore has emerged as an important export destination for Vietnam. According to the Singapore export data reports, Singapore exported goods worth over $4.2 billion to Vietnam. The top exported goods include milk products, animals/vegetable fats & oils, cereals, animal fodder, mineral oils, chemicals and pharmaceutical products.  Petroleum products were the top imports made by Vietnam from Singapore with the overall export value of $1.44 billion in FY 2022. Also, essential oils were the second most imported products by Vietnam from Singapore $403 million during last year. In the recent months, Singapore had made the maximum amount of apparel import shipments. The latest Singapore import export data suggests that Singapore made record textiles imports from Vietnam with a record value of $68 million during this year. Whereas, in 2022, $125 million worth of textiles exports were made by Vietnam to Singapore.

Mexico's chicken imports to increase by 5% this year

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  The broiler demand in the Mexican market has seen a tremendous rise this year. The forecast shows around 5% growth in broilers imports is expected. This covers the 20% demand of the domestic Mexican market. According to the Mexican import export data reports, chicken imports from Mexico fell by 2.2% and reduced to 750K tons last year. The overall Mexican imports of chicken are estimated around $965 million in FY 2022. Mexico customs data shows that the United States was the leading market for broiler imports with over 80% share in total Mexico broilers imports. The overall value for broilers imports from the United States was estimated around $750 million during FY 2022. After the United States, Brazil is the second leading market for broilers imports. In FY 2022, Brazil has exported around $210 million worth of exports. The demand for Brazilian chicken is increasing at the rate of 28%. As, it was $25 million in 2022. Other major markets for Mexican chicken exports are Canada, Chin

USA's thermal coal exports up amid rising demand in Asian market

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The United States has some rich reserves of coal. According to the US import export data reports around 85 million short tons of coal was exported. In which, steam coal contributed to over 44% share in USA's overall coal exports whereas thermal amounted for over 55% share. This year's thermal coal exports crossed 23 million tonnes during August months as compared to 18 million tonnes during the same period.  USA's coal exports were mostly to Colombia, Russia, Indonesia, Mexico, Vietnam and Kazakhstan. US export data shows that Colombia accounted for maximum coal import shipments from the USA worth over $82 million during last fiscal year. After Colombia, Russia was the second largest importer from the USA with coal imports worth over $41 million last year.  Also, there was a sharp rise in the demand of US coal from Indonesia, Mexico, India, Vietnam and Kazakhstan.  The latest US bill of lading data shows the thermal coal exports from the USA were all time high in the Asi

Bangladesh exports in Q3 hit record $13 billion

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  Bangladesh is a continuously progressing country. Bangladesh has done significantly well in the overall exports this year around. According to the historical Bangladesh import export data , around $55 billion worth of exports were recorded during FY 2022. Whereas, in 2021, the exports were around $45 billion. This year, Bangladesh set a target of $72 billion this year. Bangladesh has started on a positive note. As per Bangladesh customs data reports, the exports during July-September 2023 reached around $13 billion with an increase of over 9.3%. It was the highest increase noticed in any quarter of this year. This is the highest amount of exports recorded in 2023. This was due to the rise in demand of ready made garments which is the main export of Bangladesh. Readymade garments were the top export products from Bangladesh with an overall increase of 13% as compared to the same period during the last financial year. Bangladesh export data reflects that the total garments exports ha