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Showing posts from March, 2023

India's Agricultural Exports to Russia hit $48 M in February

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  For the financial year 2022, India and Russia trade hit 30 billion US Dollars. The trade is mostly dominated by Russian exports. According to the India customs data directed from Russia, Imports from Russia were around 27 billion US Dollars in 2022. Crude oil exports from Russia grew significantly over the years especially after the Ukraine. Crude oil imports grew by 27% in the fiscal year 2022. It covers over 85% of total India's exports worth over 13 billion US Dollars in 2022. Other Crude Oil exporters to Russia were Iraq and Saudi Arabia. While our India import export data records reflect that India's exports to Russia were estimated to be 3 billion US Dollars in 2022. These mainly include agricultural goods, engineering goods, pharmaceuticals, chemicals, tea, coffee and marine products. Agricultural exports to Russia had seen a rapid growth of 48 million US Dollars as compared to 37 million US Dollars in 2021. As per India export data , Pharmaceuticals and electronics

Pakistan Has Become The 5th Largest Russian Wheat Importer

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Wheat shortage has become a critical issue in Pakistan especially on the eve of Ramadan. In the financial year 2022, Pakistan's wheat production was harshly affected by the summer floods and bad climate. According to the Pakistan customs data reports, around 3.2 million tons of wheat worth 981 million US Dollars was imported in the fiscal year 2021. Whole wheat imports from Pakistan went down to 793 million US dollars in 2022. Latest forecasts suggest that the government is planning to spend 2 billion US Dollars for wheat imports to meet the growing demand in the domestic market. For the first quarter, wheat imports stood around 405 million dollars with a volume of 854K. China, United Arab Emirates, Indonesia, United States and Saudi Arabia are the top wheat exporters to Pakistan. As per Pakistan import export data statistics, the Pakistani government had signed a deal for the import of 300K wheat imports from Russia. After this, Pakistan has become the fifth largest importer of

China-Kazakhstan 2023 Trade Outlook

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From the past few years, Kazakhstan has emerged as the major trading partner of China. One of the main reasons behind this is Kazakhstan’s rich natural gas and oil reserves. According to Kazakhstan import export data records, the bilateral trade between China and Kazakhstan rose by 23% in 2022.  The total trade value was estimated to be around 31 Billion US Dollars. Last year imports and exports were worth 25 billion Dollars. Both the nations are planning to reach 35 billion US Dollars bilateral trade by the end of 2030. Kazakhstan top trading partners 2022 For the fiscal year 2022, In the first quarter, Kazakhstan's top trading partners were China (2.5 Billion USD), Turkey (1.25 Billion USD), South Korea (960 Million USD), Uzbekistan (834 Million USD) and USA, Canada (615 Million USD). The top traded goods to these countries were mainly Crude oil, Wheat, Cathode copper, iron ore, aluminium, hydrocarbons, ferroalloys, zinc and fertilizers. Crude oil was the most exported goods by

China Exports To Africa Could Reach $200B By 2023

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The African market is dominated by China exports. The bilateral trade between China and African countries rose to 35% in 2021 and it could reach 200 billion US Dollars by 2023. The African countries share a huge trade deficit with China as most of it is covered by China’s exports.   China is an important trading partner of African countries. Nigeria, South Africa, Egypt, Angola and Congo are the major trading partners of China. China shares heartly trade relations with various African nations. According to the China export data records of 2022, there were around 163 billion US Dollars imports by African nations from China. Nigeria was the largest importing country from China. On the other hand, our China import data reports reflects African countries total exports worth 117 billion US DOllars in 2022. South Africa was the leading exporter of goods to China along with Congo and Angola. As per China import export data , the major product imports done by African countries from China wer

Sri Lanka Exports Grew By 4.4% In 2022

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  Sri Lanka is the 79th largest economy by GDP as per WTO Reports. Despite suffering from the political crisis, Sri Lanka has recovered its economy quickly. According to the Sri Lanka export data records, the country’s exports grew by 4.4% in the financial year 2022.  On the other hand, Sri Lanka imports declined by 11% in 2022. As per Sri Lanka import data , the total imports are worth 18 billion USD. While, it was 21 billion USD in 2021. For the fiscal year 2022, Sri Lanka exports  were worth 16 billion US Dollars. Whereas, it was 15 billion USD in 2021. According to the Sri Lanka customs data reports, China contributes to around 33% share of total Sri Lanka imports. India, the United Arab Emirates, Malaysia and Singapore were other major exporters to Sri Lanka. In terms of exports, the United States was the largest importer of Sri Lankan goods with over 25% share of total imports. Other major importers to Sri Lanka were the United Kingdom, India, Germany and Italy. As per Sri Lan

Indonesia Wheat Imports Increased by 12% amid global crisis

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Global wheat export market is very uncertain. The world is suffering from the wheat shortage due to the abrupted wheat supply from Ukraine amid war with Russia. Similarly, the Indonesian government has enhanced its wheat imports by 12% to overcome future wheat shortage. Indonesia is the leading wheat importer in the world.  As per Indonesia import export data reports, Indonesia's total wheat imports for the financial year 2023 were around 11 million metric tons. The total import value for wheat from Indonesia was 4.69 billion US Dollars in 2022.  On the other hand, it was 4.29 billion US Dollars in 2021. Indonesia import data suggests that  India, Ukraine and Canada are the top exporters of wheat to Indonesia. Indonesia wheat imports from India were estimated to be around 7 million US Dollars in 2022. Experts predict that wheat imports could see an increase of 1.3 million metric tonnes in 2023. According to the Indonesia export data reports, total wheat exports from Indonesia wo

India Agricultural exports hit record high $50B in 2022

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  According to the India import export data reports, India’s agricultural exports had seen a significant growth in the financial year 2022. In 2022, India’s agricultural exports hit a record high of 50 billion US Dollars. There was around 19% increase in agricultural exports from India as compared to the last year (25 billion US Dollars). Our India export data suggests that basmati rice and sugar were the two major agricultural exports from India worth 25.81 billion US Dollars in 2022. As India exports by country data, the United States, Bangladesh, China, United Arab Emirates, Indonesia, Vietnam and Saudi Arabia were the major importers of Indian agricultural commodities. In this blog, you will get a detailed analysis of the top Agricultural exports from India in 2022. Top Agricultural exports Rice India is the world's leading rice exporter with 21 million metric tons exported every year. Indian rice exports grew by 3.5% as compared to the financial year 2021. Indian basmati ric

Lesotho Becoming The Major Textile Exporter To The USA

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  Lesotho is a very renowned garments export market. Lesotho has numerous garments and textiles industries. Lesotho is known for its quality denim fabrics, cotton knitted clothes, woven garments and embroidery work. According to Lesotho customs data reports, the United States, South Africa, Canada, Dubai and the European Union were among the top importers of Lesotho garments and textiles. Lesotho garments exports were around 525 billion US Dollars in the financial year 2022. Out of which the majority of exports were to the USA worth 387 million US Dollars. Over the years, Lesotho textile exports to the United States grew significantly. As per the Lesotho export data 2022, Lesotho accounted for over 80% of the USA total textile imports. On Average Lesotho exports 90 million knitted garments and 28 million denim jeans yearly. Lesotho’s denim fabrics are very popular in the global market. Botswana, Egypt, Kenya, Nicaragua, Mauritius and Madagascar are the major buyers of Lesotho’s denim

Uganda coffee exports rose to 400kg millions in 2022

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  Uganda coffee exports rose to 400 Kg millions in 2022 making it the largest coffee exporter from Africa. Uganda leads the coffee export market in East Africa. As per the Uganda import export data reports 2022, Uganda's coffee exports increased by 54% as compared to last year coffee exports. There were around 6.3 million bags of coffee worth 862 million US Dollars in 2022. On the other hand, in 2021, 6 million bags of coffee were shipped in 2021 with worth 559 million US Dollars. According to the Uganda customs data, Uganda's coffee exports shipments increased by 3% in 2022.  Our Uganda export data by country reflects that Algeria, Morocco, Sudan, Tanzania, South Africa, Tunisia, Kenya and Somalia are the largest importer of Coffee from Uganda. Italy, Sudan and Spain are the fastest growing markets for Uganda's coffee. On the other hand, Uganda does the majority of its coffee imports from Burundi, Congo, Rwanda, Kenya and Tanzania. Robusta Kiboko, Arabica , Sasa Coffee Tr