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US was the leading LNG exporter during 2023

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  The United States LNG exports prospered during the financial year 2023. The US has surpassed the top LNG gas exporters like Qatar and Australia during last year and became the world's leading LNG supplier. As per the US import export data , the country’s overall LNG exports were estimated to be around 92 MMT of LNG in 2023 with over 14% increase as compared to the previous year. US export data shows that a record 8.6 MMT of LNG was exported during the December month. Europe was the main LNG importer from the USA with over 5.4 MT of LNG imports during December month. Also, the EU was responsible for 65% of the USA's LNG exports.   After Europe, Asia was the second leading LNG importer from the USA with over 25% share in USA's LNG exports in December. Whereas, Latin American countries were responsible for 6% share. Some of the top LNG suppliers from the USA were Naturgy Aprovisionamientos and Engie Energy Marketing.  The USA's natural gas exports during 2023 was rec...

Thai fruits market to seek positive growth this year

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  Thailand is not only home to beautiful landscapes, stunning beaches, pleasant climate but also known for different varieties of fruits. Thailand is a well known market for fruit exports. Thailand has witnessed rapid growth during the last year. According to Thailand import export data reports, the Thai fruits exports hit a record $7.8 billion dollars during fiscal year 2023. It is expanding at the rate of 2.2%. Thailand’s most exported fruits items are durian fruits, pomegranates, betel nuts, tamarind, dragon fruit, guavas, mangoes, mangosteens, cashew nuts, coconuts, longan, and custard apple. Thailand export data shows that the country’s pomegranate exports accounted for 45% of the country’s overall fruits exports. Whereas, betel nuts were responsible for 11% market share. Durian was the most exported fruit from Thailand and also the third biggest agricultural export of the country. Thailand customs data shows that the country's durian fruits exports hit a record $3.4 billio...

Pakistan's copper exports to China reached $1 Billion in 2023

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  Pakistan’s copper industry is underutilised. Last year, Pakistan’s copper exports saw significant growth. According to Pakistan import export data reports, the country’s overall refined copper exports to China reached $1 billion during the financial year 2023. China alone was responsible for over 99% share in Pakistan’s overall copper exports. Whereas, the United Arab Emirates was the second leading importer of refined copper from Pakistan. The UAE was responsible for over $999 thousand worth of copper imports from Pakistan. Slovenia, Taiwan, Saudi Arabia, Canada, Iraq and Uzbekistan were the fastest growing markets for Pakistan's refined copper exports. Cannon Metal Works and AK Brothers Metal from Pakistan were the leading refined copper export companies from Pakistan. As per Pakistan export data , these companies contributed to over 19% share in the country's overall copper exports. Brother Metal Traders, Babar Brothers and Ocean Metals were some other prominent export co...

Vietnam's exports to EU & US dropped to 9%

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  Despite the global recession period, Vietnam has recorded rapid growth in 2023. Vietnam has made its mark across the world's two most dominant markets, the United States and European Union. Vietnam's economy remained positive in the last year. As per Vietnam import export data reports, the overall trade to the United States was recorded to be $90 Billion and EU was estimated to be around $31 Billion during FY 2023. Although the EU has reduced its imports from non European countries and the United States imports dropped by 6%. This resulted in a 9% drop in Vietnam’s exports to the United States and European Union. Vietnam export data shows that the country's overall exports to the United States and EU were recorded to be $156 Billion in FY 2023. During the financial year 2023, the United States has imported around $92 Billion worth of goods from Vietnam. The export of Vietnam's iron, steel, cameras and its components saw an increase of 24% during last year. Whereas, ...

Sri Lanka's tea exports down to 5.5% in FY 2023

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  Sri Lanka is a beautiful picturesque country known for producing quality tea from ancient times. Sri Lanka’s Ceylon tea is quite popular among the global market. Before the economic crisis, Sri Lanka was the third leading exporter of tea. But the financial crisis has impacted its tea sales. Through foreign aid, beneficial policy, Sri Lanka tea exports market is now reviving.  According to the Sri Lanka import export data reports, the country's tea exports showed an increase of 4.8% this year. During this financial year, Sri Lanka's tea exports were recorded to be $2.2 billion dollars. Although the tea exports during December were down to 5.5%. The topmost tea exports from Sri Lanka includes black tea (Iced tea, partly fermented tea), green tea, green coffee extracts, etc. Iraq and Russia are the top importers of tea globally in which Sri Lanka has exported the maximum number of tea shipments. Sri Lanka export data shows Iraq and Russia as the leading supplier of tea in the...

Philippines has now become the world's leading rice importer

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  The latest Philippines import export data reports shows that the Philippines has emerged as the top rice importer in the world surpassing China. For the financial year 2023, the Philippines has imported over 3.9 million metric tons of rice. Whereas, China which was the top rice importer has made over 3.5 metric tonnes of rice. India was by far the top rice supplier to the Philippines.  Philippines import data shows that India has exported over $518 million worth of rice to the Philippines despite the restrictions imposed. During February 2023, the maximum amount of rice imports from India were done. It is estimated to be around $483 million. Syngenta India was the leading rice supplier to the Philippines during FY 2023. Whereas Bayer Bioscience, Seedworks International and Amar Singh Chawalwala are prominent rice suppliers to the Philippines. After India, Vietnam and Thailand were the biggest markets for rice exports to the Philippines. According to the Philippines customs...

Turkey's leather exports projected to reach 2.8 billion euros by 2028

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  Turkey's leather exports were on rise during the financial year 2023. It has seen record growth as compared to last year. According to the Turkey import export data reports, the country's leather exports recorded over $58 million in 2023. These include mens jackets, leather belts, leather trousers, faux leather, lambskin leather, leather patches, men's coats, natural leather, etc. Leather jackets were the most exported items from Turkey accounting for over 50% share of exports. Turkey export data shows that Tajikistan was the top importer of Turkish leather goods with over $8 million worth of leather imports. Germany was the second biggest destination for Turkish leather exports with imports over $6.5 million. There were significant amounts of leather exports made to France, United States, Netherlands, Russia and Kazakhstan.  The new markets for Turkey's leather exports were found in the form of Kazakhstan, Israel, Italy and the United Kingdom. According to the Tur...