Industry and Sector Trade Archives - Page 4 of 6 - Market Inside - AI-Powered Global Trade Intelligence Platform

September 13, 2022 0Comments 215Views

US Fuels & Oils Exports Surge 75% YoY, Refine Petrol Demand Is Highest

The US fuels and oils market is one of the fastest growing sectors with its counterparts such as China and Russia. The US fuels and oils exports increased in 2021 and 2022 both showing positive growth for US fuels & oils exports. The share of ‘Refined Petroleum Oil’ (Heading 2710) is the highest among all the commodities in ‘Mineral Fuels and Oils’ – Chapter 27. The US has the largest share of refined petroleum oil production with a percentile of 20%, followed by China with a share of 17% and Russia with 7%. US Fuels & Oils Exports The exports of the US for fuels and oils have not been growing frequently in the previous years. In fact, the rise

September 5, 2022 0Comments 202Views

Russia-UK Trade Down In 2021, No Other Country’s Imports Declined

Russia-UK trade values show a decline in the imports of the UK for 2021 as compared to 2020. The revelation of the trade of Russia with other countries shows contrary parallels, as the UK is the only exceptional country among all the top exporting partners of Russia. There might be several reasons why the trade of the UK declined in the year 2021—the time period when values were skyrocketing. Given that the UK is in the top 5 exporting countries of Russia, this comes as a surprisingly enough state of affairs between both countries. Russia Historical Trade The representation of Russia’s yearly exports will provide us with a glimpse into the trend of whether the exports of Russia increase or

August 23, 2022 0Comments 192Views

Brazil’s Coffee Exports, At A 10-Year High Value, Reached $5B in 2021

Brazil is the world’s biggest coffee-producing country and fulfils about 40% of the demand by supplies to other countries. Brazil’s coffee exports are the highest in the world since it produces one-third of the coffee made in other countries. The total amount of coffee produced in Brazil for 2021 represents a drop as per different sources. Yet the value of exports for Brazilian coffee didn’t seem to decline. Even in a pandemic-struck world, the exports only grew and are expected to grow further. Brazilian Coffee Exports (2017-2021) Brazil’s coffee exports historical data represented below features the number of exports Brazil made in the past five years. In 2012, the exports amounted to $5.7 billion, followed by $4.5 billion and $6

New Zealand Industrial Machinery Imports

August 13, 2022 0Comments 209Views

New Zealand Machinery Imports Surged For First Time In A Decade

New Zealand machinery imports will grow further this year. The country has the biggest agriculture industry in the world, with about 17% of the total exports of New Zealand contributed by agriculture. Other than the industry of agriculture, construction, and tourism are two other industries that contribute to New Zealand’s GDP. The first two—agriculture and construction require machinery to work and operate in the market and drive revenue. Due to agriculture and construction being the biggest industries of New Zealand, the imports of industrial machinery are one of the largest imports of the European country. For the first time in a decade, the imports for industrial machinery surged and shows further growth in 2022. Machinery Imports In The Past Decade

Indonesia Withdrew Palm Oil Export Duties

July 27, 2022 0Comments 164Views

Indonesia Undo Export Duty On Palm Oil To Boost The Exports

Indonesia has put an end to the levied export duties on the exports of palm oil from the country, in order to boost the exports and take out from the high inventories of produced palm oil domestically. The decision from the Indonesian government comes after Indonesian palm oil producers were found to be struggling to keep up with the high inventories. Many experts believe that this might further down the prices of the commodity. The Top Exporting Country Palm oil is an edible vegetable oil that is a commonly available commodity in the group of oils. As per WWF, oil is a productive crop and has a greater yield at a low cost. Palm oil is found nearly everywhere in

July 25, 2022 0Comments 262Views

U.S. Trade of Goods Reached US$1.2 Trillion in Q1 of 2022

The total trade of the United States of America has reached a new high in the first three months of 2022. According to our database, the combined value of imports and exports increased to US$1.2 trillion in Q1 of 2022 from US$1 trillion recorded in the same quarter of 2021. By chapter, the country saw a major rise in imports of machinery, mechanical appliances, etc., electrical machinery & equipment, vehicles other than railway or tramways, and mineral fuels & oils. Major gainers from the export category were mineral fuels & oils, machinery, mechanical appliances, etc., and electrical machinery & equipment. Here’s a comparison of US trade data for 2022-Q1 and 2021-Q1. U.S. Trade Increased In Q1 of 2022 (Y-O-Y Comparison)

July 20, 2022 0Comments 191Views

Sluggish Growth Projected For Romania’s Vehicles Industry

Romania’s vehicle industry grew in 2022 since the pandemic started as a result of COVID-19. In 2020, the industry went through a decline in both the imports and exports of vehicles, consisting of passenger cars and accessories. The vehicle industry of Romania accounted for total imports of $10.3 billion in 2021 and $8.2 in 2020 respectively. The total exports of Romania’s vehicle industry amounted to $12.9 billion in 2021 and $12.1 billion in 2020. However, 2022 might be a tough year for Romania’s vehicle industry. Romania Vehicle Imports Statistics The year 2020 was a distressing year for countries around the world, including Romania. However, Romania’s vehicle industry experienced an upward trend in the year 2021. Look at the Romania import

May 10, 2022 0Comments 134Views

Turkey’s Barley Imports Increased Sharply in 2021 Due to Low Production

Turkey has reported a sharp increase in barley imports in 2021 due to low production. According to our database, Turkey’s barley imports totalled US$668.6 million in 2021, a rise from the 2020s US$163.4 million. Russia and Ukraine were the top suppliers of barley to Turkey. Turkey produced about 4500000 MT of barley in 2021, down by 44.44% as compared to the previous year. Get a complete picture of Turkey imports of barley and barley production in Turkey for detailed and better analysis. Barley Production in Turkey (2012-2021) Despite the decline in the assessment of domestic consumption, a significant reduction in barley production creates the need to increase grain imports, the volumes of which this season may become record-breaking. In 2021,

April 30, 2022 0Comments 243Views

Dried Spices Market: The Growing Line of Ancient Commodities

Spices are the most ancient form of food commodities in the world, introduced by Asian nations such as India and China, and traded by Arab nations such as Saudi Arabia and Egypt, in the medieval period. The history of spices goes a long way back to human civilization’s growing age, especially expanding their horizon to other regions, which led to the discovery of spices (including dried spices). In the present times, the market of spices, specifically the dried spices market has made its way to a growing compound annual growth rate of 4.6%, and it is due to see a growing impact in the food industry. Being used as a “food-enhancer”, the dried spices are expected to reach a value