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Showing posts from June, 2024

Kazakhstan's fruits & berries imports dipped slightly in 2023

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  Kazakhstan’s fruits and berries imports dipped slightly in 2023 whereas the exports of these items grew this year. As per Kazakhstan import data , the berries imports of Kazakhstan stood at around $85 million in 2023. Whereas, the overall fruits imports were recorded to be $2.8 billion last year.  China was the top destination for Kazakhstan's fruit imports. Around 50% of Kazakhstan's total fruits imports came from China. In 2023, China exported around $1.46 billion worth of fruits. The Netherlands was the second major market preferred by Kazakhstan for fruit imports.  The Netherlands was responsible for 26% of Kazakhstan's fruit imports, and is estimated to be $674 million. Uzbekistan, Ecuador, Tajikistan and Poland were the fastest growing markets for Kazakhstan's fruit imports. In terms of import shipments, the top Kazakhstan’s companies were Too Ayakaz, Lion Fruit and ISKER Frut. The majority of Kazakhstan's berry imports came from China and Uzbekistan. In 202

China's exports in May rose up to 7.5%

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  According to the latest China import export data , Chinese exports grew by 7.5% during May 2024. That is very promising growth after the expected 6% growth. Cars and Integrated circuits were among the top gainers in terms of China's exports.  Whereas, rare earth metals, cellphones and fertilizers exports declined significantly in May.  China export data suggests around $302 billion worth of exports during May 2024. Compared to $292 billion worth of exports during April, there was a $10 billion rise in China's exports in May 2024. China’s car exports shipments went up by 16.8% during May. Whereas the integrated circuits exports rose up to 28%. In terms of hi-tech products exports, there was a rise of 8% and ships exports showed 58%  growth during May. There was a formidable rise in the exports of furniture, plastic products, and aluminium from China. In May 2024, China's agricultural products exports were estimated to be $8.56 billion. Petroleum products exports were $4 b

Spain, Europe's leading pork exporter to China

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Spain is a very niche market for pork exports. Among the European nations, Spain is the world's leading exporter of pork. China was the biggest market for Spain's pork exports. Spain represents 17.5% share of the global pork exports. As per Spain import export data , the pork exports of the country accounted for $6.5 billion during fiscal year 2023. Pork represents 60% share of Spain's overall meat exports. Compared to $5.6 billion exports in 2022, there was a significant increase of 14% this year. Italy, China and France were the biggest destinations for Spain's pork exports representing 32% market share. According to Spain export data , Italy’s pork imports from Spain accounted for $761 million followed by China ($735 million) and France ($710 million). Among the fastest growing markets for Spain's ports exports were Japan, Poland, Romania, Korea and Portugal.  The leading Spanish pork export companies shipment wise were Pere Porxas Pairó, Rivasam Intercontinental

Russia's top exports during FY 2023

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  Russia is among the top exporters in the world. Although, ever since the Russia-Ukraine conflict, Russian exports saw significant decline. Russian exports dip significantly due to the sanctions imposed by the USA, UN and European countries. Still, Russia managed to make a considerable amount of exports. According to Russia import export data , the exports of Russia were recorded to be $534 billion during the financial year 2023. Whereas in FY 2022, Russian exports were $876 billion. In 2023, over 2.6 million export shipments were recorded by Russia. Petroleum gases were the biggest exports of Russia contributing to 23% market share. Russia export data suggest that around $208 billion worth of exports were recorded last year. Crude oil was the second major export of Russia with 21% market share. In 2023, Russia exported $191 billion worth of crude oil. Refined Petroleum was the third biggest export from Russia with exports around $754 million during FY 2023.  China, Turkey and Belarus

India's gold, silver import from UAE hit record $10.7 Bn

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  Over the few years, India saw a surge in the gold and silver imports from the United Arab Emirates. The rise in precious metals imports of India was basically due to lower import duty on these items imports from UAE. India-UAE Comprehensive Economic Partnership Agreement (CEPA) which was established in 2022 allows a duty concession of 1% and 7% on gold and silver shipments from the UAE. Whereas, while importing gold from other countries, India has to pay 15% duty. On the other hand, gold imports from the UAE are taxed at 14%. Whereas silver imports are taxed at 15% for other countries and for UAE its 8% only. That is why due to lower import duties, India's gold and silver imports saw significant rise over the past few years. According to the India import export data , the imports of gold and silver from the UAE went up by 210%. This year, it is estimated to be around $10.7 billion. Whereas, India's imports of all other products from the United Arab Emirates was recorded to be

Pakistan telecom imports hit a record $1.6 billion in 2024

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  Year 2024 is marked by a rise in telecom imports by Pakistan. Pakistan import export data shows some intriguing figures in terms of the country's mobile phone imports. Over the period of July 2023 - March 2024, Pakistan's telecom imports surged by 115% with an estimated value of $1.6 billion. Pakistan is the world's 7th biggest market for cellular mobile phones with over 180 million active users.  These figures were $745 million in FY 2022. Mobile phones were the most imported items by Pakistan. There was a record 180% hike in mobile imports of Pakistan worth $1.2 billion. As per the latest Pakistan import data , mobile phones imports were $146 billion in May 2024. During the first five months of 2024, Pakistan imported around $810 million worth of mobile phones.  In January, Pakistan's mobile phone imports recorded the highest value of $180 million. China has shown immense dominance in Pakistan's telecom sector as it was responsible for 90% of Pakistan's ove

USA dethrones China as ASEAN's leading export destination

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  According to the latest Asian countries import export data , the USA has emerged as the biggest trading partner with ASEAN (Association of Southeast Asian Nations). These include Burma, Brunei, Philippines, Vietnam, Singapore, Malaysia, Indonesia, Thailand, Cambodia, Laos and Brunei.  As per the latest US import data of 2024, the imports from ASEAN countries were estimated to be $67 billion exceeding Chinese imports which were $55 billion in the first quarter of 2024. USA was the leading destination for ASEAN countries semiconductors and electrical equipment.   Machine parts, furniture, rubber items and computers were the key imports of the USA from ASEAN nations. Among ASEAN nations, Malaysia has shown rapid growth in exports to the United States with an increase of 8%. On the other hand, Chinese exports to Malaysia declined to 3.2%.  US bill of lading database suggests that around $35 billion worth of imports from Malaysia recorded in FY 2023. These were mainly electronics, elect

Turkey's scrap metals imports up by 6.8 MMT in 2024

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  Scrap metals are the prominent imports of Turkey. Turkey's scrap metals imports surge during fiscal year 2024. According to Turkey import export data , the scrap metals imports of Turkey went up by 2.5% and are estimated to be 6.8 million tons. On a year on year basis, Turkish scrap metals imports are growing at the rate of 7%. In the Q1, Turkey's scrap metals imports were recorded to be $2.9 billion. In the April month, Turkey imported nearly 1.5 million tons of scrap metals. During this period, Turkey's most favourable markets for scrap metals imports were the United States, Netherlands, Belgium and the United Kingdom. The United States, which is the world's leading exporter of scrap metals, was the biggest supplier to Turkey. This year, the USA has exported around 1.3 million tons of scrap metals with 9% yearly growth. Aveks, Arcelormittals Exports, Habas International and Randell Business were the top scrap metal import companies from Turkey with higher shipment v

India looks to cut coal imports, boost domestic supply

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  India is among the leading coal importers in the world. India is currently the second leading coal consumer in the world. In the first quarter of FY 2024, India's coal consumption was record high amid reduced hydropower generation and heatwave. According to India import export data , the country’s coal imports were recorded to be $2.3 billion during May 2024. Singapore was the favoured destination by India for coal imports. In May 2024, India’s coal imports from Singapore recorded to be $822 billion representing around 34% market share. Indonesia, United States and Australia were other significant markets for India’s coal imports. Also, there was a notable increase in India's coal imports from the United Arab Emirates, Mozambique, Russia and South Africa.  Singapore's TS Global Procurement was the top coal exporting company to India with $257 million worth of exports in the last fiscal year. Anglo American Steelmaking Coal, BHP Billiton Marketing and Ashon International a

Australia's food & Beverages Market Trends Analysis FY 2023

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  Australia is a niche market for high-quality bakery, cereals, flours and confectionery items. Dairy, meat and grains are the key agricultural produce of Australia. According to Australia import export data , the overall meat exports of Australia were recorded to be $11.5 billion during fiscal year 2023. Compared to FY 2022, there was a significant increase of 3% in Australia's meat exports during FY 2023. Bovine meat was the top export from Australia with worth over $7.6 billion in 2023. Bovine meat represents 19% of Australia's overall exports.  Sheep or Goat meat was the second most exported item from Australia with $3 billion worth. The top destinations for Australian meat exports were the United States ($2.5 billion), China ($2.3 billion), South Korea ($1.5 billion) and Japan ($1.4 billion). The top meat export companies from Australia were Kilcoy Pastoral, Fayman International and JBS Australia Pty Limited. Wheat is the second major export from Australia representing 12