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Showing posts from February, 2024

Vietnam exported textiles to over 100+ countries

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  Vietnam is one of the biggest exporters of textiles across the global market. During the last fiscal year, Vietnam has exported textiles to over 100+ countries. Vietnam import export data suggests that there was a 9% decline in the textiles exports of Vietnam in 2023. Vietnam’s textiles exports were $44 billion in 2022 while it came down to $40 billion in 2023.  Vietnam’s highest textiles exports were recorded during September 2023. It was estimated to be over $11 billion in September. There were approximately 36 different types of textiles exported. These include shirts, jackets, trousers, bags, hats, etc. Vietnam export data reflects that jackets were the most demanded textile item from Vietnam with export earnings over $4.4 billion in 2023. Trousers were the second most exported textile item by Vietnam with exports over $3.8 billion last year. Whereas, shirt exports reached $1.8 billion in 2023. The United States was the biggest textile importer from Vietnam. In 2023, Vietnam im

Australia's agribusiness sector bought $18 Bn revenue last year

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  Agriculture is a major contributor in the Australian economy. Australia is a major producer and exporter of cereals crops globally. According to Australia import export data , the country's overall agriculture, forestry and fisheries products exports hit a record $80 billion during fiscal year 2023. Australia nearly exported 70% of its agricultural production last year. From $40 billion to $80 billion, Australia's agricultural industry has come a long way. Grains, oilseeds and pulses are the major contributors in Australia's agricultural exports registering 10% growth every year. Whereas, meat, live animals, fruits and vegetables accounted for 5% and 4% share respectively.  Australia export data shows nearly $18 billion in earnings were recorded last year. The key Australian exports includes sugar, beef, mutton, lamb, canola, wheat, rice, dairy products, and poultry items. Australia's top performing export products, sugar (80%), beef (75%), mutton (76%), canola (60%)

India - Australia Trade 2023 Overview

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  India and Australia’s trade relations strengthened over the years. The trade pact between India and Australia has eased trade restrictions between the two countries. India import export data shows that the bilateral trade between India and Australia reached $13.55 billion in 2023. Whereas, last year’s trade value was $13 billion in 2022.  According to India import data , the imports from Australia hit a record $7.75 billion in 2023.  Coal was the most imported item by India from Australia. Over $5.2 billion worth of coal was imported from Australia during last year. Anglo American Australia was the biggest coal export company from Australia responsible for the maximum number of coal shipments to India last year. Gold was the second major import from Australia with imports worth $597 million during 2023. Vintage Bullion was the top gold supplier from Australia with maximum shipments in the last financial year. In terms of import value, India’s other prominent imports from Australia i

Russia, "A prominent market for fishing vessels & factory ships exports"

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  Russia is among the world's biggest economies. Russia is known for its quality aircrafts, cruise ships and ferry boats. Russia lies on the list of the leading fishing vessels and factory ships exporters. As per Russia import export data reports, over $2.5 Billion worth of fishing vessels and factory ships exports during 2023. Along with Russia, Turkey and Denmark were other prominent fishing vessels and factory ships exports. Russia export data suggest that France was the biggest importer of fishing vessels and factory ships from Russia with 35% share in Russian imports. Whereas, the United Kingdom, Belgium and Lithuania were other prominent markets for Russian cruise ships exports. Among the fastest growing markets for Russia's ships and fishing vessels exports were Denmark, Spain, Romania, Belgium and Turkey. Novex, BF Tanker and Rosewell Arctic were the top cruise ships, fishing vessels export companies from Russia responsible for the highest number of shipments. In term

South Africa's metals & minerals trade overview

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  South Africa is a mineral rich country. South Africa is home to the abundance of gold, platinum, manganese, chromium, titanium, beryllium, copper, uranium and silver. South is among the world's biggest exporter of gold, platinum, chromium and manganese ore. In this blog, you will read about South Africa’s metals and minerals trade market. Platinum South Africa is the world’s biggest exporter of platinum. South Africa accounts for 28% of the world’s total platinum exports. According to South Africa import export data reports, the country’s platinum exports are estimated to be around $20 billion during fiscal year 2023. Platinum is the highest revenue generating mineral from South Africa in the last year.  The United States, Japan and the United Kingdom were the top platinum importing countries from South Africa. There were noticeable platinum shipments to Germany, Hong Kong, China, Italy and Switzerlands during last year. Impala Platinum and BASF Corporation were responsible for

Pakistan's rice exports hit record $2 Billion in 2023

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  Rice is the main agricultural crop of Pakistan. It is the most prominent export of Pakistan. Pakistan stands 4th on the list of world’s leading rice exporters. According to Pakistan import export data reports, over $2.8 billion worth of rice exports were recorded during 2023. The major categories include milled, semi-milled, parboiled and basmati rice. As compared to $2.3 billion rice exports during 2022, there was a notable amount of increase in the rice exports from Pakistan. As per Pakistan export data , during December and November month, the highest number of rice shipments were recorded. During December and November month, Pakistan's rice exports turnover was $500 million. Basmati rice was the most exported item from Pakistan accounting for $734 million worth of rice exports with 25.9% market share. Whereas, parboiled rice exports recorded $675 million revenue in 2023.  Indonesia was the biggest rice importer from Pakistan responsible for 8.6% of Pakistan's overall ric

Malaysia, "the world's biggest vegetable oils exporter"

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  Animals or vegetable fats and oils are the world's 525th most traded products. Globally, Malaysia is the biggest exporter of vegetable oils. According to Malaysia import export data , around 2 billion worth of vegetable oils were exported during last year. Turkey was the biggest importer of animal or vegetable oils from Malaysia responsible for 11% market share.  Import share wise, Netherlands (7.8%), United States (7%), Egypt (5.8%), South Korea (5.5%), China (4.5%) and Italy (4.1%) were the major animal/vegetable oils importers from Malaysia during last year. On the other hand, Nearly, 4.06 million metric tonnes of cooking oil shipments were made by Malaysia. These include palm oil, palm-based oleo, palm kernel oil, palm kernel cake, palm biodiesel, etc. Malaysia accounts for 30% of the global market overall palm oil exports. Continent wise, Asian countries were the biggest importer of vegetables fats & oils from Malaysia with 57% market share. Whereas, African countries we

India's fruits & vegetables exports 2023

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  Agriculture is the major export industry of India. Almost 70% of the country’s population is immersed in the Agriculture sector. During fiscal year 2023, the country’s fruits and vegetables exports saw rapid growth. According to India import export data reports, the country’s fruits exports were estimated to be around $3.2 billion in 2023. Whereas, India registered $ 1.31 billion worth of vegetable exports last year. Among India’s major fruits exports were bananas, raisins, mango pulp, cashew kernel, watermelons, guavas, mangoes, pomegranates and coconuts. Fresh banana plantains were the most exported fruit items from India. As per India export data , over $ 1 billion worth of fresh bananas were exported from India. The United Arab Emirates accounted for nearly 48% of the country’s overall banana exports. Apart from the UAE, Uzbekistan, Oman, Iraq, Iran, Saudi Arabia and Qatar were the most prominent markets for India's banana exports. Raisins were the second most exported frui

Pakistan's refined copper exports hit record $329 M in 2023

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  Pakistan has a significant amount of copper reserve in its tank. Copper was among the most prominent exports from Pakistan during last year. According to Pakistan import export data , the country’s refined copper exports turnover was record $329 million in 2023. During March, the highest amount of growth is recorded in terms of Pakistan’s refined copper exports. It is estimated to be $48 million during March 2023. China was the biggest importer of refined copper from Pakistan as it was responsible for 98% of the country's overall refined copper exports. Among the fastest growing markets were the United Arab Emirates, Slovenia, Taiwan, Saudi Arabia and Canada. Cannon Metal Works, a leading copper export company from Pakistan was responsible for the maximum number of shipments worth around $30 million in 2023.  Whereas, AK Brothers Metal, Babar Brothers and Ocean Metals were the leading refined copper export companies from Pakistan. Falcon Metals and Pyramids Metals from China were