Australia- China relations have long been marked by fundamental tension. Economically, the two sides have been increasingly intertwined, with Australia providing many of the commodities on which China’s industry relies. From 2011 to 2021, Australia’s exports to China have been constantly rising, despite the Covid-19 pandemic & trade tensions developing between them in 2020. In 2021 (till Sep data), Australia shipped goods worth US$ 94.8 billion to China. China is Australia’s largest trading partner in terms of both exports and imports. 25% of Australia’s manufactured imports come from China; 13% of its exports are thermal coal to China. The ongoing trade relations between Australia and China became tougher in 2020, when the Australian government led an international call for an
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
The agricultural industry in China contributes to about 18 of the whole world’s cereal grains. It has the largest number of the total output of products, but the cultivation of crops is a lot less than what China output. China uses only 10% of its total area for the crops’ cultivation. China is the biggest importer of many agro-products, not having enough of its own land resources. The South-Asian region also uses soybeans to feed their domestic livestock. China is the world’s largest importer of soybean, with an aggregate import value of $2.5 billion for the year 2021 so far. Retrieved from our import-export datasets, the value shown is as per the availability of China trade data, i.e., September 2021.
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