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Showing posts from May, 2023

Turkey to hike 30% import duty on grains amid Ukraine crisis

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  Recently, Turkey government has imposed over 30% hike on import duty of grains. These include wheat, barley, corn, oat, sorghum and rye. This decision came into effect due to global grain amid aborted grain supplies due to the Russia-Ukraine war crisis. Russia and Ukraine cover the maximum portion of Turkey’s grain imports. Also, the one main reason is to sustain its grain imports for the domestic market. Turkey’s Top Grains Imports Wheat Turkey is currently the 5th largest importer of wheat in the world. According to the recent Turkey import export data reports of 2022, Turkey's main grain exports were cotton, soybeans, wheat, tree nuts, food preparations, poultry and forest products. As per the Turkey import data , the wheat imports from Turkey were estimated around 10 billion dollars in FY22. While as compared to the last year, it was 9.4 billion tonnes. The top markets for the imports of wheat from Turkey were Russia, Ukraine, Moldova and Brazil. Since, the wheat supply halt

Philippines Electronics Exports Increase by 5% in FY23

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The Philippines Electronics Market is continuously shining. According to the Philippines import export data reports, the Electronics sector contributed around 60% of the total Philippines exports. In the financial year 2022, Philippines electronics exports were around 47 billion dollars. The Philippines electronics industry is growing at the rate of 9% every year. These include Electronic ICs, Electric capacitors, semiconductor devices, printed circuits, Television, wires and cables. Our Philippines export data of electronics suggests that the major gainers were Telecommunications, automotive electronics, office equipment, instruments, components and semiconductors. As per the Philippines customs data , Toshiba Information Equipment (Philippines), Inc. was the top electronics goods exporter from the Philippines with over 2 billion dollars exports during the financial year 2022. Microchip Technology, Philippines Advanced Processing Tech Inc, PLDT, Aboitiz Equity Ventures, Ayala, San M

Bangladesh Agricultural Exports Market Overview

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  Over the years, the agricultural exports from Bangladesh had seen an upward trend. In the financial year 2022, Bangladesh agricultural exports hit 1.16 billion dollars. Our Bangladesh import export data records, last year exports were around 1 billion dollars.  The top agri goods exports were edible vegetables, coffee, tea, meat, cardamom, saffron, ginger, turmeric, sugar and fruits/vegetable juices. Bangladesh’s most favoured destinations for agri exports were mainly European countries, Saudi Arabia, United Arab Emirates, India, Malaysia and the United States. Experts see a strong growth in agricultural exports from Bangladesh in FY 2023. In this blog, you will come to know about the top agri goods exports from Bangladesh. Top Agricultural Exports from Bangladesh Edible Vegetables Bangladesh's edible vegetables exports down to 15% in the fiscal year 2022. According to the Bangladesh customs data reports, Bangladesh edible vegetable exports were around 100 million dollars in FY