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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

April 3, 2023 0Comments 379Views

Trade Between The China-Russia Is Expected To Grow On The Go

Trade between China-Russia two big countries or more than two countries is booming for mutual growth on the go. All the big countries are involved in bilateral trade and it is expected to grow more than ever by decreasing tariffs, import allowances, export limits, and other trade blockades to reassure trade, assets, and investment. There are business ties up in wide ranges such as goods trade, local connectivity, and other evolving sectors. When it comes to the commodity trading industry, countries have relished an ascendant tendency. China-Russia Trading Partnership China is one of its leading trade partners with Russia adding that constitutes the trade of wholesale commodities, including energy and minerals, and enlarging new growth in the digital economy, biomedicine,

March 17, 2023 0Comments 281Views

Vietnam Tractor Imports and Exports 2021 & 2022 – Market Research Report

Vietnam’s total trade (imports + exports) of tractors stood at USD 397 million in 2022, down from USD 451.6 million registered a year earlier. According to our market research report, Vietnam’s imports of tractors are higher than its exports as the country is largely dependent on other countries, particularly China to import tractors for agricultural purposes. It is forecasted that Vietnam will see a further decline in the value of tractor imports in 2023 due to measures taken to boost local production of the commodity. Here are some crucial stats on Vietnam’s tractor imports and exports reported in 2021 and 2022. Monthly Trends of Vietnam’s Tractor Imports and Exports 2021 and 2022 The value of imports and exports of

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

Five Countries, Other Than China Most Rely on the South China Sea

November 25, 2022 0Comments 287Views

Five Countries Other Than China That Rely On South China Sea

Main Points: According to a report, an estimated 21% of all global trade was transited through the South China Sea in 2016.Territorially, there are seven claimants to the South China Sea – Brunei, China, Indonesia, Malaysia, the Philippines, Taiwan, and Vietnam. But to whom does the South China Sea matter most?According to market experts, other than China, the most dependent countries on the South China Sea are Japan, Indonesia, Singapore, South Korea, and Vietnam. The South China Sea is a vital trade route between Southeast Asian countries, particularly – China, Taiwan, Thailand, Vietnam, the Philippines, Brunei, Malaysia, and Singapore. Combined with an abundance of hydrocarbon reserves & marine life, this water body is critical beyond its boundaries and a primary