Global Trade News Archives - Page 10 of 14 - Market Inside - AI-Powered Global Trade Intelligence Platform

May 27, 2022 0Comments 229Views

Colombia’s Exports to the United Kingdom Increase in 2021

Colombia’s exports to the United Kingdom reached US$451 million in 2021, an increase from US$377.1 million reported in 2020. According to the reports, the bilateral trade relations between the two countries are in a period of prosperity, which is explained by the exit of the United Kingdom from the European Union. After Brexit, the United Kingdom is looking towards Colombia and Latin America for importing goods. Visualize data on Colombia’s exports to the United Kingdom and get a bigger and clear picture of trade between the two countries. Colombia’s Exports to the UK by Year Colombia shipped US$1,128.5 million worth of commodities to the United Kingdom in 2012. That dollar amount started declining and reached a low of US$377.1

May 25, 2022 0Comments 177Views

The Highest UK Inflation In 40 Years, Living Cost Soaring High

The United Kingdom is struck by its 40-year-high inflation rate with the rising living costs in the country. People are suffering the hit of rising prices due to this year’s UK inflation rate. Consumers in the UK are near to the brink of losing control over their household finances. The UK officials are worried about the state of economic crisis for the consumers as to how long people will be able to pay for the prices. Increasing prices of fuel, food, and factors connected to the Russian invasion of Ukraine are pushing inflation. Energy prices are among the biggest factor for the UK inflation rate. Highest UK Inflation In 40 Years As per the official figures released on Wednesday, the

May 21, 2022 0Comments 174Views

Italy Importing Gas From Qatar, But It Might Need To Do More

In the aftermath of the Russia-Ukraine war, the imports-reliant European country, Italy, will import gas from Qatar, which sounds like a ‘short-term solution’ to analysts. Russia’s gas imports account for nearly 40% of Italy’s total imports, as per global trade statistics 2021. However, the decision taken by Italy is deemed to be a temporary relief to the European country and not really pulling it out of the situation completely. The imports in Italy are the main source of its energy generation. A more long-term solution lies in energy generation through alternative methods and measures. Italy – A Heavily-Reliant Importing Country Italy is one of the European countries which relies heavily on the imports of energy commodities such as fossil fuels.

Bangladesh Cosmetics Import-Export and Global Market

May 16, 2022 0Comments 246Views

The Growing Beauty Trend In Bangladesh And Globally Rising Market

Filled not only with an abundance of products but also opportunities, the growth of the cosmetic industry is exponential, and it is increasing gradually too. The cosmetic industry of Bangladesh is in a rising state, and it is not only growing in the usage of beauty products but also increasing in the local manufacturing. Bangladesh’s cosmetic industry is bolstering with the passing of years and the inclusion of everyone using the products for their own purposes and objectives. Bangladesh’s skincare industry (a part of the cosmetics industry) was valued at $1.23 billion in 2020, primarily due to the rising trend in the use of makeup products on social media platforms. The skincare industry of Bangladesh is expected to rise by

April 19, 2022 0Comments 154Views

China Flower Exports ‘Rose’ In 2021, Industry Will Flourish

The flower industry is a really disorganized industry with fragmented market trends and companies that produces accessories, gifts, vases, loose cut flowers & pre-cut flower arrangements, artificial flowers and potted flowers and plants. It is probably the oldest market that still prevails in the modern generations and is still flourishing in quite lower fractions. Evidently, China flower exports increased in 2021. The flower (or Floral) industry in the US was valued at $15.2 billion for the year 2020 with a magnificent growth spiked by $14.18 billion for the next year (2021). Despite the COVID-19 repercussions, the industry didn’t die a vain death for a short while and will bloom further. The market for ornamental flowers and plants will grow at

April 12, 2022 0Comments 208Views

US Bird Flu Outbreak Will Affect Its Top Poultry Meat Exports

US broiler meat market is the largest meat market, which produces around 500-600 million chickens and 300-400 million Turkeys. USA’s poultry production outperforms the poultry industry by producing over 17% of global poultry meat and near about 7-10% of global production of eggs. After Brazil (3,875 thousand metric tons), the USA market has the largest potential. Since the beginning of the year 2022, avian influenza has impacted around 22 states of the US, as per the official statement of the US Department of Agriculture (USDA). This is going to raise the price of poultry meat and eggs, impacting the exports of broiler meat which is the largest meat export of the US by far more than any other country in

April 9, 2022 0Comments 221Views

Asia’s Trade On An Economic Brunt Due To The Russia-Ukraine War

With the blunt jab from the aftermath of the Russian invasion of Ukraine, the world’s biggest continent and the economy, Asia’s trade is going into a spiral as the continent’s countries are facing issues related to the trade flows and balancing out the economical values in terms of trade with both the countries indulged in the war. Asian countries such as India, Bangladesh, and Vietnam are a majority of those countries that rely on imports from both countries with a total worth of imports of $19.6 billion from Ukraine in 2020, and $195.56 billion from Russia in 2021. There are a number of challenges that Asia is facing to do trade with both countries. Asia’s Trade With Russia – By

April 8, 2022 0Comments 176Views

Rapid Expansion of Soybeans Farming Could Threaten Cerrado Savanna

Brazil could be hurled to being the world’s biggest producer and exporter of soybeans. The rapid expansion of soybean farming in Brazil is likely to destruct the Cerrado savanna. According to our database, Brazil is the world’s top soybean exporter, accounting for over 40% of total soybean exports. In 2021, soybean shipments worth US$38,638 million from Brazil departed to the global countries. Soybean acreage in Brazil has expanded from roughly 25 million hectares in 2011-12 to nearly 40 million hectares in 2021-22, an astounding growth rate of 60%. Most analysts attribute the surging soybean prices as the primary factor in the beans acreage expansion in Brazil. Soybean Exports From Brazil in a Decade Brazil is the world’s top exporter

March 29, 2022 0Comments 212Views

Russia-Ukraine War – How Reliant is the World on Russian Oil & Gas?

Amid Russia’s invasion of Ukraine, the United States of America, the United Kingdom, and the European Union have announced to restrict Russian crude oil and gas imports. However, still, they are dependent on Russian oil and gas as Russia is the world’s second-largest exporter of crude petroleum oil and seventh-biggest supplier of petroleum gas. According to our database, Russia exported oil worth US$110.1 billion and gas worth US$8.8 billion in 2021. Here is an in-depth analysis of the Russian oil and gas export market and which countries are still buying oil and gas from Russia. What sanctions are there on Russian oil and gas? The United States has announced a complete ban on Russian oil, gas, and coal imports after