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UK Supply Chain Disturbance For Fresh Produce Traders

July 13, 2023 0Comments 170Views

UK Traders Worry Over Costly “Fresh Produce” Imports From The EU

In a recent set of events, UK traders are worrying about the new strategy of the UK government. The latest UK post-Brexit border strategy is known as the target operating model (TOM). The new strategy proposal includes an additional levy on the import checks procedures. Due to the new border strategy by the UK government, UK traders, specifically from the “Fresh Produce Industry” are in the process of countering the by-product consequences of the levied charges. Imports of fresh produce include such as fruits, vegetables, cut flowers and plants. UK Fresh Produces Import The below-shown list of commodities consists of the fresh produces that the UK import from other countries. The featured values are the imports the UK accounted for

Russia’s Crude Oil Being Re-exported To The EU

April 26, 2023 0Comments 163Views

Russian Crude Imports Up In Asia. Are They Re-exporting To The EU?

Russian crude oil supplies are gaining traction in Asian countries and developing a refining capacity. The concerned authorities increasingly manufacture these refineries. The reports suggest that these refineries are refining Russian crude oil. But for what? The countries where the imports of crude oil are increasing in value from the inbound shipments of Russia are reportedly refining the Russian crude to export it further to the countries belonging to the European Union since the EU is in the process of absolution of Russian dependency. Asia’s Crude Oil Imports From Russia The imports of Russian crude in Asia are represented below in a yearly sequence. The time period follows 2019 to 2022 with each year’s respective import value. 2019 amounted to

Denmark Imported CO2 And Burying Undersea, Became The First Country To Do So

April 10, 2023 0Comments 218Views

Denmark, First Country Ever To Import CO2 And Bury It Undersea

Denmark has become the first country in the world to import CO2 and bury it undersea. The country has been importing carbon dioxide, but never it has made a step in climate change to create storage and avoid the depletion of the greenhouse gases like carbon dioxide. As per a new announcement, in the inauguration of a new project, on Wednesday—Denmark will store carbon dioxide 1,800 metres beneath the North Sea. What made this project different from other similar projects is that it will store the carbon dioxide imported from other countries. Denmark Historical CO2 Imports – Past 4 Years According to Denmark’s import data shown below, in the year 2019, the import of CO2 in Denmark amounted to $13.56

January 2, 2023 0Comments 322Views

US Medical Instruments Trade Growth: 10% (Import) and 8% (Export)

US medical instruments trade has received an upend growth this year so far, comparing the total value of exports till the third quarter of 2022 with the full value of exports amounting to the same period in last year. The market value of medical devices and instruments in the US was nearly $456.9 billion in 2020. The market value of medical devices in the US is expected to reach an amazing value of $612.7 billion by 2025. Medical Instruments Import The quarterly imports of the US’s medical instruments are represented below. As per the shown data, the imports have continued to grow by each quarter, except for the first quarter of 2022. From an import value of $7.4 billion in

Ukraine’s Food Exports To The EU Post-War

December 28, 2022 0Comments 160Views

Ukraine’s Food Exports To The EU Down By 17.5% In Q2 Post-War

Ukraine’s food exports to the EU have declined in the post-war period, specifically in the immediate aftermath of the Russia-Ukraine war, which started out in February this year. Following the first quarter of 2022, the second quarter registered a significant downfall. Since the Russian invasion of Ukraine in February 2022, food security in several countries has lessened, while the prices of food inflation have soared. Developed nations such as the EU, US, and UK have turned their attention to restricting Russian items, so the only hope is Ukraine. Ukraine’s Food Exports Ukraine’s contribution to the world’s food market accounts for 10% of the world’s wheat, 15% of the world’s corn, 13% of the world’s barley, and more than 50% of

All About Switzerland Electric Vehicles Ban

December 13, 2022 0Comments 210Views

Switzerland Is First To Ban EVs; Raises Suspicion, Know Why –

Switzerland’s proposal to ban the usage of electric vehicles took the world by surprise. The claim made online led to mass hysteria about the first country to ban EVs/electric cars, trucks, etc. This claim is neither completely true nor completely false, to say the least. Switzerland’s government have drafted an emergency proposal to conserve energy in the country during winter. In the said drafted proposal, the government mentioned that the usage of electric vehicles will be made limited. Know the full story – Electricity Generation Electricity generation in Switzerland is done majorly through hydroelectric power plants in the form of hydroelectric energy. This helps in fuelling the different materials and operations such as using heaters, air conditioners or even charging

Russia’s Withdrawal From Ukraine Wheat Deal

December 2, 2022 0Comments 164Views

Russia’s (Next) Withdrawal Will Impact Wheat Imports Globally

Russia withdrew itself from the UN-brokered deal, which stated that the Russian Federation allows Ukraine to export grain through the Black Sea en route. The withdrawal was likely to impact wheat and related food markets all over the world, along with wheat imports globally. While Russia, after suspending the extension of the UN-brokered Ukraine grain export deal to allow the exports of grain from Ukraine to other countries, the Federation can withdraw the decision again at any given time. Russia-Ukraine Wheat Exports The Russian invasion of Ukraine had already stirred things up in the world with the rising prices of grain such as wheat and corn, as the Russian Federation and Ukraine combined account for a 29% share of the

October 20, 2022 0Comments 205Views

Russian Iron & Steel Exports To Mexico At Historically Highest

Russia produces about 4% of the world’s iron and steel, following China at the top, with nearly half of the world’s iron and steel produced by the Southeast Asian country. In 2020, Russia was the fourth-largest steel producer and hence, Russian iron & steel exports were in the top 5. In 2022, the Russian Federation increased its crude steel production as compared to the production in 2020. The production of Russia’s iron and steel (Chapter 72) and exports reached their historically highest value in 2021 and so does the values of exports to Mexico peaked high. Russia’s Iron and Steel Demand Russian iron and steel production in 2021 reached a slightly better level compared to the preceding year. In 2021,

October 8, 2022 0Comments 241Views

Semiconductor Exports Down, Countries Registering Downward Trend

Semiconductor exports from different countries registered a downward trend in the year 2022. The exports related to semiconductors have been found to be falling in both the quarterly and yearly comparisons. The exports related to semiconductor consists of semiconductor, diodes, transistors, electronic integrated circuits, PV cells & modules, and semiconductor device as a whole. We will trace the exports of these components from the available HS Code classifications. Semiconductor And Related Exports The top exporting countries for semiconductors and all the related components [8541] are featured below in the image. The exports registered a downfall in some countries, while the majority of countries shown below registered an increase in Q2-2022 compared to Q2-2021. Commodities Similar To Semiconductor Exports Comparison Semiconductor