Russia’s invasion of Ukraine and sanctions imposed on it for doing so and new pandemic-related shutdowns in China are the latest events to rock global supply chains. Economies of China, India, the U.S., the UK, and other countries are still struggling to fully recover from the Covid-19 pandemic that created havoc in the last two […]
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 […]
Russia’s energy exports are increasingly getting sanctioned by the Western nations and different countries, which are likely to cut or alter the bilateral trade with Russia. This is in the aftermath of Russia’s invasion of Ukraine, which started a few weeks ago. The three western nations—the USA, UK, and EU are closely working together to drain and put a strain on the war chest of Russia by putting sanctions and bans on certain commodities. Recently, a number of lifestyle-related final product exports to Russia are also banned. Russia Imports, 2021 Russia waged a war with Ukraine […]
G7 countries in a recent announcement have pleaded with all the member countries to not restrict or limit their food exports in order to self-sustain or battle out with other countries amid the Russia-Ukraine war. Shipments from Russia and Ukraine are halted due to the war. G7 countries consist of Canada, France, Germany, Italy, Japan, […]
Russia-Ukraine war is causing troubles across nations as many commodities prices have peaked high, while shipment delays from both Russia and Ukraine are also causing bottlenecks in the supply chain. There are commodities that countries import from both Russia and Ukraine, such as wheat, for which both countries account for 29% of global exports. On […]
Several commodity markets are starting to experience a risk of global supply chain hindrance due to growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at the potential impact on international trade as prices of several commodities including crude […]
Global inflation 2022 is the biggest ever record of inflation in several countries in decades. Inflation in countries such as the United States of America, Australia, Germany, Italy, and Pakistan is making headlines in the recent market trends worldwide. The USA has hit the highest inflation rate, annually of 7.5% with a straight growth in […]
With stable and great demand for speciality rice from Asia, the European Union (EU) remains a highly potential market for rice exporters of Vietnam. Our market research report on EU imports Vietnamese rice, EU’s rice imports from Vietnam totalled US$ 38 million in 2021 (till Sep stats), an increase from the 2020s US$ 35 million. […]
The Regional Comprehensive Economic Partnership (RCEP), is the world’s biggest trade deal consisting of 15 countries. The countries participating in this deal are Australia, Brunei Darussalam, Cambodia, China, Japan, Indonesia, South Korea, Malaysia, Myanmar, Laos, New Zealand, Singapore, Thailand, Vietnam, and the Philippines. The deal inclusively consists of countries belonging to the Asia-Pacific region. This […]
Despite China’s trade restriction with Australia coal export market of Australia is growing as Australian coal exporters have found new homes in India, Japan, and South Korea. From Jan to Sep 2021, Australia’s coal exports totalled US$ 28.3 billion. Coal export shipments worth US$ 32.7 billion were departed from Australia to the world in 2020. […]
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