Commodity Export Rankings Archives - Page 6 of 6 - Market Inside - AI-Powered Global Trade Intelligence Platform

March 8, 2022 0Comments 345Views

US LNG Exports To The EU Will Soar Amid Russia-Ukraine War

The United States is one of the largest LNG exporting countries in the world after Qatar and Australia, as per historical trade data and records. However, the USA is emerging out as the biggest LNG exporting country, higher than Qatar and Australia, its two competitors’ countries, for 2022. Or maybe there are more speculations about that? The primary reason for this is the USA’s single biggest market for LNG exports, which is the European Union and its member countries. In 2021, almost 26% of all the US’s LNG exports accounted for the European Union and its member countries, amounting to $6.46 billion. Due to the Russian invasion of Ukraine, US LNG exports have risen significantly higher than before. US LNG

March 4, 2022 0Comments 283Views

Russian Banks Block From SWIFT, Driving Investors To Be Anxious

The Russian invasion of Ukraine has driven different investors worldwide anxious and leaving worried about the potential outcome of actions taken by Western nations on Russia. Three Western countries have come together forming an alliance to sort of punish Russia for the deliberate attack on Ukraine and disturbing the world peace, perhaps. Three Western Nations – The United States of America, Europe, and the United Kingdom come into an alliance to block certain Russian banks from the usage of SWIFT, the secure system to enable cross-border payments in international trade between countries. The impact is going to be huge for Russia if this decision is implemented by the nations that are keen to punish Russia. SWIFT Past Bans In 2012,

February 23, 2022 0Comments 261Views

Mexico Avocado Exports To The USA Been Halted Due To “A Threat”

Mexico is the largest producer of avocados in the world, with a contribution of one-third production of the total avocado production in the world. Michoacán, the city of Mexico, is the only region in the world with the largest production of avocados and accounts for 92% of the whole of Mexico’s avocados production. In terms of Mexico avocado exports, the highest exporting partner for Mexico is the United States of America, accounting for an average share value of 80% among all the exporting partners of Mexico. Recently, an alleged threat to the US’s agriculture inspector caused the restrictions of Mexican avocados into the United States of America. Threat To The Department A threat to an American inspector has resulted in

Philippines Paracetamol Shortage, Pharma Imports Also Increased

February 8, 2022 0Comments 367Views

Philippines Face Tylenol Shortage, Pharma Group Claims Opposite

The Philippines has been going through a minor shortage of a pharmaceutical group of medicine, paracetamol, also known by the trade name of “Tylenol”. The Pharmaceutical and Healthcare Association of the Philippines (PHAP) announced at the beginning of the year 2022 that the country is facing a shortage in the stock of paracetamol medicines. Philippines pharmaceutical imports reached a whooping state of $3.60 billion for the end year of 2021. According to our Philippine import data records, pharmaceutical imports are in the top 10 imports of the Philippines for the year 2021 with an approximate share value of 2.98% in the overall imports of the Philippines. Consumer Demand and Shortage With the emergence of a new coronavirus variant, Omicron in

Indonesia Exports Rising But Coal Exports Ban Might Affect

January 25, 2022 0Comments 337Views

Indonesia Exports Rising Considerably, Coal Exports Might Fall

Indonesia accounts for about 22.25% of world exports in raw materials’ commodities, while for imports it accounts for about 12.65% as per WITS Statistics 2019. Indonesia is the net importer of crude oil, imported worth around $13 million in 2019. On the other hand, it is a net exporter of coal, exported worth around $13.5 million in 2019. Indonesia trade records show an upward trend in its overall exports to the world for 2021. While it is true that exports are increasing for Indonesia in 2021 and might increase further in 2022, the recently imposed ban on coal exports can affect the values of Indonesian exports. Pandemic Drove The Exports Several factors contribute to the rising exports for Indonesia during

January 11, 2022 0Comments 325Views

France Wine Exports Rebound in 2021 After 2020 Drop Due To COVID-19

Key Points: France’s wine exports rebound in Q2 & Q3 of 2021, after registering a drop in 2020 due to Covid-19 pandemic.The United States, the United Kingdom, and Germany remain as the biggest buyers of French wine, accounted for about 40% to France’s total wine exports.New variants, Omicron and “IHU” may result in fresh supply chain restrictions in 2022, and economy recover is only possible in second half of the year. Wine exports from France have been returning to pre-pandemic levels in 2021, however a new variant, Omicron and “IHU” are spreading faster and may result in putting fresh supply chain restrictions that could again impact the country’s wine exports. France shipped wine worth US$ 9,560 million from January

September 11, 2021 0Comments 379Views

Saudi-Iraqi Arar Border Opens First Time Since 1990 for Trade

Key Highlights: After 1990, Arar border opened for the first timeTwo countries cut ties following Saddam Hussein’s invasion of KuwaitSaudi Arabia agreed to contribute $3 billion to an investment fund for Iraq Saudi Arabia and Iraq, the two Middle-East countries are expected to increase trade as the Arar border opened last year for the first time since 1990 after the two counties cut ties following Saddam Hussein’s invasion of Kuwait. Now, Saudi & Iraqi traders will get new market opportunities to expand their businesses. Historically, Saudi Arabia exports more to Iraq than it imports from the country. In 2020, Saudi’s imports from Iraq totalled USD 11.1 million while exports to Iraq totalled USD 671.2 million. Aluminium & its articles are