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Showing posts from May, 2024

Poland-Pakistan Trade Hit Record $920 Million

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  Over the years, the bilateral trade between Pakistan and Poland has prospered. Last year, Pakistan exports to Poland grew significantly. Pakistan customs data shows record $920 million trade between Poland and Pakistan. The most traded goods between Pakistan and Poland were house linens, scrap iron, coke, leather apparel, rice, and chocolates. According to Pakistan import export data , around $289 million worth of exports were made to Poland. There were over 13K shipments from Pakistan to Poland were recorded in fiscal year 2023. Non Knitted apparels, cotton fabrics, rice, textile materials, synthetic woven fabrics, gloves, and sesame seeds demand across Poland grew rapidly. Non Knitted or crocheted fabrics exports to Poland were estimated to be $22 million in 2023. Whereas, rice export shipments to Poland were $12 million last year. Also, there was a notable increase in the sesame seeds exports from Pakistan to Poland last year. LPP, a leading clothing company from Poland was t...

India's rising electronics, pharma, engineering goods export surge in 2024

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  India's exports seem to be promising this year. The latest market trends show rapid growth in India's electronics, pharma and engineering goods exports. According to India import export data , the country's pharmaceutical industry saw tremendous growth with over 487K export shipments from January to April, 2024.  India's pharmaceutical exports reached a record $5.2 billion in 2024. The United States was the leading market for India's pharmaceutical exports representing over 34% market share. The United States imported over $1.8 billion worth of pharmaceutical items. India's pharmaceutical exports showed frequent rise in the United Kingdom, South Africa, France and Canada. Sun Pharmaceutical Industries and Zydus Lifesciences are some of the prominent pharmaceutical export companies from India. Whereas, Eversana Life Science, Aurobindo Pharma and Cipla USA were the top pharmaceutical companies importing from India in terms of shipments.  On the other hand, India...

Italy's Metal Industry Analysis

  Italy is among the biggest markets for base metals and its articles. Among Italy's top base metals exports are iron, steel, nickel, copper and aluminium. Italy is also the biggest market for Iron and Steel exports globally. According to Italy import export data of iron and steel, the overall export earnings were estimated to be $17 billion in fiscal year 2023.  There was a 4% rise in Italy's steel exports during FY 2023. Italy's steel export shipments were over 2 million tons. Germany was the biggest importer of iron and steel globally, representing over 20% of Italy's iron and steel exports. As per Italy export data , around $3.5 billion worth of iron and steel was imported by Germany last year. France, Poland and Spain were other notable importers of iron and steel. Long products steel exports from Italy were over 1.18 million tons, and flat products exports reached 856.91 thousand tons in 2023. Cogne Acciai Speciali, Italfond Spa Socio and Posco International are ...

Spain's chemicals market analysis: Trade Outlook

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  Spain is the most prominent market for chemical exports. Spain is among the top exporters of chemicals globally. Over 55% of Spain's chemical production is exported. Spain's chemical exports are mostly served for pharmaceuticals, petrochemicals, automobiles, textiles, machinery, food and beverages. According to Spain import export data , there was a decline of 23% in Spain's chemical exports compared to FY 2022. In 2023, Spain inorganic chemicals exports were estimated to be $1.6 billion. The leading destinations for Spain's inorganic chemicals exports were France and Portugal. France represents 17% of Spin's overall inorganic chemicals exports. The fastest growing markets for Spain's inorganic chemicals exports were the Netherlands, Brazil, Norway and Italy. Derivados Del Fluor, Minera De Santa Marta, Manuchar and Haifa Negev Technologies were the leading inorganic chemicals export companies from Spain. In terms of organic chemicals, there was 21% growth in o...

Turkey's construction markets trade analysis

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  Turkey is a well known market for building materials exports. Turkey is among the top 10 exporter of building materials. These include cement, stones, rebars, steel, aluminium wires, etc. According to Turkey import export data , the overall construction materials exports from Turkey stood at around $2 billion during last fiscal year.  There was a decline of 6.4% compared to the previous year. The United States was the biggest importer of construction materials from Turkey. The United States accounted for 20% of Turkey's construction materials exports. Whereas, Iraq (8%), Israel (6.5%), Saudi Arabia (6%) and France (4.5%).  Turkey's top construction materials exports include building stones, cement, POP articles, rock stones, grind stones, etc. Building stones represent 60% of Turkey's total building materials exports. According to Turkey export data , $1.2 billion worth of building stones were exported from Turkey in 2023. The United States and Saudi Arabia were the top...

Slovenia's medicaments market outlook: Stats & figures

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  Slovenia is a scenic location in Europe mostly covered with snow capped mountains and forests. Compared to fiscal year 2022, there was substantial growth of 10% in Slovenia's trade. According to Slovenia import export data , in FY 2023, Slovenia's overall trade was recorded to be $120 billion. Last year, Slovenia's exports grew by 7%. Slovenia's top trading partners were Switzerland, Germany and Italy. Whereas, SLovenia's imports declined by 3.5%. Slovenia customs data suggests over $62 billion in fiscal year 2023. Medicaments are the key exports of Slovenia. Medicaments are the most exported items from Slovenia and account for 30% of Slovenia's market share. Over the years, the Slovenian pharmaceutical market has seen tremendous growth. It was $2 billion in 2010 whereas it now becomes a $10 billion market. Pharmaceutical sector  accounts for 5% of Slovenia's overall GDP. Slovenia exported over $18 billion worth of medicaments in 2023. Last year, Slovenia...

India, "the world's leading importer of palm oil"

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  India is the world’s leading palm oil importer. Vegetable oils or cooking oils are the most used essentials of Indian kitchen. Indian domestic kitchens rely largely on cooking oils. Due to rising domestic demand, India makes huge imports of cooking oils in order to sustain its market. According to India import export data , the country's cooking oil imports increased to 24% during April in comparison to the same period during last year.  Palm is the 8th most imported item of India. In April 2024, India imported around 13,18,515 tonnes of cooking oil. In terms of figures, the overall vegetable oil imports from India stood at around $2.2 billion during April. India's majority of cooking oil imports came from Singapore which had exported around $529 million in April. Also, there was a rise in cooking oil imports from Switzerland, Malaysia, Indonesia and the United Arab Emirates.  Bunge Asia (Singapore), Louis Dreyfus (Switzerland), and Green Suppliers Foods (United Arab Em...

Russian Metal Industry Analysis FY 2023

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  After energy, metals are the second biggest export commodity of Russia. Russia is also the 5th leading exporter of precious metal ores. Ever since the invasion of Ukraine, Russia's metals exports declined to a significant level. Russia is currently facing sanctions from the US and many EU countries. That has impacted Russian exports by a significant margin.  According to Russia import export data , Russian metal exports were $15 billion in 2023. There was a major difference in metal exports as compared to $25 billion during FY 2022. In terms of overall metals and precious stones exports, Russia's total earnings were $76 billion. Russia's key metals exports include palladium, platinum, gold, nickel, aluminium, coal, copper and silver. Palladium is the most exported metal item from Russia accounting for 45% share of the global market. In 2023, Russia produced over 92MMT of palladium. Russia export data shows over $4.9 billion worth of palladium was exported in 2023. Switze...

USA, "the world's biggest computers importer"

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  The United States is the world's leading exporter of computers. In 2023, there was a 15% decline in the computer imports of the USA. According to the US import export data , over $104 billion worth of computer imports were made during 2023. Despite all bilateral tensions, China was the biggest market for USA's computer imports. Over 36% of the USA's overall computer imports came from China. China exported around $38 billion worth of computers during FY 2023.  Mexico was the second leading market for US computer imports contributing to over 25% market share. As per US export data , Mexico exported over $25 billion worth of computer peripheral items in 2023. There was a notable amount of computer import shipments from Vietnam, Thailand, Malaysia and Netherlands. The top computer items import companies from the USA were Brother International, Epson America, Ricoh USA and Xerox Corporation. The latest US bill of lading data reports shows frequent rise in computer imports of ...

Spain's cosmetics & fragrances exports FY 2023

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  Spain is ranked among the top 20 cosmetics and fragrances exporters in the world. Spain’s cosmetics and fragrances market is estimated to be around $14 billion. In 2023, Spain’s cosmetics and fragrances exports increased by 20%. According to Spain import export data reports, around $7.6 billion worth of cosmetics and fragrances exports were recorded during fiscal year 2023.  The leading destination for Spain’s cosmetics items exports was France which is the world’s biggest cosmetics items supplier. In 2023, France imported over $872 million worth of cosmetics items from Spain representing 17% share of Spain’s cosmetics exports. Whereas, Germany was the second major destination for Spain’s cosmetics exports with worth over $690 million last year. There was notable growth in Spain’s cosmetics & fragrances exports to the USA ($562 million), Portugal ($532 million), Italy ($463 million) and the United Kingdom ($418 million). Perfumes were the most exported items from Spain ...