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Showing posts with the label india import export data

India's steel imports from China, Vietnam up by 41% in June 2023

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  India is the second largest steel producer in the world. Globally, India is ranked 11th leading steel importer in the world. Whereas, India is the 12th leading steel exporter worldwide. According to the India import export data , around $17 billion worth of iron and steel imports were made by India in the fiscal year 2022. Whereas, in 2021, it was around $8.9 billion . China, Japan, UAE and Vietnam are the most favoured markets for India’s steel imports. As per the latest India customs data reports, iron & steel imports from China and Vietnam have increased significantly. The overall iron and steel imports by China and Vietnam were totaled to be 4.8 lakh metric tonnes. Also, Japan, Saudi Arabia, Nepal, Russia and the United States of America had increased by a significant amount.  Recently, in June 2023, China steel exports to India rose to 37% as compared to 26% in June 2022, the increase was quite large. China was the second leading steel exporter to India with over 6...

Thailand to boost its fruits exports by 10% in 2023

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  Thailand is a very niche market for fresh fruits exports. Thailand is the home to a variety of fresh fruits. Thailand is the 7th largest fresh fruit exporter as per our import export data reports globally. According to the Thailand import export data reports, around 4 million tons of fresh fruits exports were recorded in the financial year 2023. Some of the top fresh fruits exports from Thailand include durian fruit, young coconut, longan, pomelo, pineapple, mango and tangerine were the top exports from Thailand. Our Thailand export data suggests that around 48% jump in exports of jackfruit, coconut and durian were recorded in 2022. According to the Thailand import data reports, Liberty prim, Interfresh, TG Fresh, Thai Freshmax and Siam Natured Co Ltd are the top Thailand import export companies for Fruits. As per Thailand customs data , the major markets for Thai fruit exports includes China, Hong Kong, Malaysia, Vietnam, India and United Arab Emirates. The Thailand Governmen...

Mexico emerged as the top trading partner of USA

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  Mexico kicks off this year as the top trading partner of the United States. Earlier in the Financial year 2022, China was the top trading partner for the United states. According to the US trade data reports, China had a total trade of 537 billion US Dollars. Whereas Mexico was the second largest trading partner of the United States followed by Canada, Japan, Germany, Vietnam, South Korea, Taiwan, India, Ireland and Italy. As per Mexico import export data , the total imports exports from Mexico were around 454 billion US Dollars in FY 2022. While 2023 reports reflect that Mexico has emerged as the top trading partner of the United States. According to the Mexico customs data , the overall trade enhanced by 12% in FY 2023. The total trade with the US was around 64 billion US Dollars. While Mexico export data indicates that the total exports were 27 billion US Dollars. On the other hand, the imports accounted for 37 billion US Dollars in 2023. As per US import data , vehicles, au...

India, "the second largest supplier of shrimps to USA"

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  Marine Industry covers over 40% of total export revenue for India. Also, India was the largest exporter of shrimp to the United States. But now, India is losing its ground to Ecuador. As it became the largest exporter of shrimps to the USA. Reason being, the lower prices and duty fee. According to the US import data reports, around 2.2 billion dollars of shrimps were exported by India to the USA in 2022. On the other hand, shrimp exports from Ecuador to the United States were estimated to be 2.7 billion US dollars as per our import export data reports. As per India import export data records, other major markets for India's shrimp were China, European Union, Japan, Middle East and South East Asian countries. Indian marine products exports include frozen shrimp, tuna fish, squids, cuttlefish, dried brine, octopus, etc. For the fiscal year 2023, Indian shrimp exports market could seek a positive growth. Indian SeaFood Market India is the second largest marine export market along...

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 ...

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 In...

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...

US Imports rose to 3.9 trillion US Dollars in 2022: Reports

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 As per the US import data 2022 reports, US Imports rose to 3.9 trillion US Dollars. The United States of America is currently the largest importer and second largest exporter in the world. US imports by country suggests that China, Mexico, Germany and Canada are the major exporters of goods to the USA. For the fiscal year 2022, Petroleum goods, instruments, chemical and medicinal products were the most imported items by the USA. Also, according to the US export data , the total US exports were around 3 trillion US Dollars in 2022. These include Petroleum products, Aircrafts accessories, and Natural gas mostly exported to Canada, Mexico, China and the United Kingdom. US import export data states that the US Agricultural Exports recorded an all time high of 200 billion US Dollars in 2022. The US major agricultural exports were fruits, vegetables, tree nuts, grains, soybeans, livestock and poultry products. The USA's total trade value was estimated to be 6.9 trillion US dollars in...

Bangladesh, the second largest market for garment exports

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  Bangladesh is the second largest market for garment exports. As per Bangladesh import export data , its garments exports were around 54 billion US Dollars in 2022. The Bangladeshi garments exports were 15% higher than the previous year. As per past 6 months export data reports of Bangladesh, Knitted Clothing (12 billion), Woven Clothes (10 billion), Textile exports (600 million) and Home textiles (27 billion) were the most exported categories of garments by Bangladesh in 2021. Bangladesh trade data reports reflect that its total exports were around 42 billion USD in 2021. On the other hand, the total imports by Bangladesh are worth 93 billion US Dollars. Experts suggest that the Bangladesh garments industry could seek 6% growth by 2024. As per Bangladesh export data , Knitted Apparel & Clothing (24 billion), Clothing Accessories (Not Knitted) (18.5 billion), Worn Clothing (1.2 billion), Footwear (1.1 billion), Woven Fabric (792 million), Fish (479 million), Safety Equipments...