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Showing posts with the label import export data

Surge in China's imports of semiconductor manufacturing equipment from Japan

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  As, Technology is evolving, the demand for semiconductors is also growing. There is a huge shortage of semiconductors in the global market. Currently, the top semiconductors suppliers are Hong Kong, Taiwan and China. Apart from China, other major markets for semiconductor exports are Singapore, Malaysia, United States, South Korea, Japan, Germany and the United States. Japan is the second leading semiconductor supplier in the world. As per the global import export data reports, Japan has exported around $12 Billion worth of semiconductor devices during FY 2022. Japan was followed by Malaysia ($9.5 Billion), Germany ($8 Billion), and Taiwan ($6.5 Billion).   According to the latest China import export data reports, China exported around $6 Billion worth of semiconductor devices exports during May 2023 while imports were around $2.2 Billion during this period.  Our China export data reflects that the Netherlands was the top importer of semiconductor devices from Ch...

Turkey's Auto Industry get major boost by rising imports by Kazakhstan

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  Turkey is among the top automotive markets in the world. As per the Turkey customs data , the country's total automotive exports were estimated around 30 billion dollars in FY 2022. Whereas in 2021, it was totaled to be 29 billion dollars and 25 billion dollars in 2020. The major markets for Turkey's automotive exports are France, Italy, Spain, United Kingdom and Germany.                France is the leading importer of Turkish automotive products with over 20% share of Turkey's automotive exports. Other major importers of Turkish automotive parts were Italy (9%), Spain (8.5%), United Kingdom (8.2%), Germany (8%) and Poland (4.8%).  Whereas the fastest growing markets for Turkish automotive exports are Spain, France, United States, Sweden, Egypt, Greece, Israel, Bulgaria and Kazakhstan. According to the current Turkey export data reports, during June 2023, Turkey exported over 20 million dollars wort...

Philippines textiles exports hit record $368 M in FY22

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  Over the years, the Philippines apparel and clothing sector has seen an upward trend. In 2022, the Philippines made a significant amount of growth in the apparel and textile sector. According to the Philippines customs data records, the textile and apparel industry exports were worth around 1.14 billion dollars during the fiscal year 2022. In which, the apparel exports are estimated around 369 million dollars. The United States was among the top markets for apparel exports with over 55% share of Philippines apparel exports. The United States had apparel exports worth around 208 million dollars during FY22. The other leading markets for Philippines apparel exports were South Korea, Canada, Japan, and Italy.  As per Philippines export data reports, the top textile export companies from Philippines were International Ying Ming, Graphica Enterprise, Skylark Garments, DM Garments and Qualitex Garments. As per the Philippines import export data of textiles and clothing, the Uni...

Australia emerged as the leading destination for Bangladesh exports

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  Over the years, Australia has emerged as the leading export destination for Bangladesh. During the financial year 2022-23, the bilateral trade between the two had gained momentum. As per the Bangladesh import export data , the Australia imports from Bangladesh stood at 1.24 billion dollars in 2022. The Bangladesh exports to Australia had been growing at 33% annual growth. Australia has now emerged as the 12 most favoured destination for Bangladesh exports operations. Australia contributes around 2% of the Bangladesh total exports. According to the Bangladesh export data reports, garments, textiles, footwear, leather and jute products were the major imports by Australia from Bangladesh. Other major exports from Bangladesh to Australia include pharmaceuticals, food products, seafood, plastics and live animals. Bangladesh exports to Australia are mostly dominated by the RMG exports. Bangladesh customs data of 2022 reflects that ready garments exports from Bangladesh to Australia we...

Turkey target to raise its jewellery exports to $10B by FY23

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  Turkey is ranked among the top 10 jewellery producing and exporting destinations in the world. It is currently ranked third largest jewellery producer alongside India and Italy. Gold, silver and diamonds are among Turkey's top precious metals exports. According to the Turkey import export data reports, the jewellery exports from Turkey grew tremendously over the years. In the financial year 2021, it had seen growth of 64% and was worth 6.5 billion dollars. While in 2022, the increase was around 1.2%, exports worth 7.3 billion dollars. Now, the Turkish government has planned to excel its jewellery exports to over 10 billion dollars by the financial year 2023. Jewellery is the major occupation in Turkey. Over 2500 people are currently involved in the Turkish jewellery sector. As per Turkey customs data , the United  Arab Emirates was the top importer of jewellery products from Turkey with over 20% share of total Turkish exports. Other major markets for Turkish jewellery expor...

Vietnam-New Zealand trade to reach $2 Billion by FY22-23

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  Recently, the New Zealand's prime minister, Jacinda Ardern paid a visit to Vietnam in order to strengthen the bilateral trade with Vietnam. Both the nations are planning to expand the bilateral trade to $2 billion by 2024 with year on year basis. Delegates from both sides have invested in manufacturing, aviation, consulting sectors. As per the Vietnam customs data reports, Vietnam exports to New Zealand are growing at the rate of 19% annually. According to the Vietnam import export data , the key exports from Vietnam to New Zealand were mainly Electrical, Electronics Equipment, Footwear, Machinery, Furniture and Edible Fruits, Nuts  in 2022. Broadcasting equipment covers over 30% of the total Vietnamese exports to New Zealand. Textile footwear, Leather footwear, Coconuts, Cashews, Cleaning goods and Cargo Ships were the emerging products exported from Vietnam. In the financial year 2022, Vietnam exports to New Zealand were around 946 million dollars. On the other hand, Viet...

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 ...