Industry and Sector Trade Archives - Page 5 of 6 - Market Inside - AI-Powered Global Trade Intelligence Platform

April 28, 2022 0Comments 205Views

Sri Lanka Economic Crisis – Sector-wise Snapshot of Sri Lankan Trade

India’s southern neighbour, Sri Lanka is struggling with the worst economic crisis since independence in 1948. The island nation is on the brink of bankruptcy, with nearly USD 7 billion of its total USD 25 billion in foreign debt due for repayment this year. A severe shortage of foreign exchange means the country lacks the money to buy imported goods. The people of Sri Lanka are facing severe shortages of essential items like food, cooking gas, fuel, and medicines. In terms of trade, Sri Lanka is not having enough money to buy goods from other countries and to manufacture commodities in their own country for meeting rising demand & export to other nations as well. That is why Indian exporters

April 6, 2022 0Comments 238Views

Sri Lanka’s Worst Economic Crisis, Imports Tough; Countries Helping

Sri Lanka’s economic crisis is wreaking havoc with multiple factors pushing pressure on authorities and eventually citizens of Sri Lanka. The Southeast Asian country is also facing troubles with managing the inbound shipments and imports to maintain inventories. Sri Lanka imports grew by 71.63% year-on-year in February 2022, revealed from Sri Lanka import data. It has become increasingly intense for Sri Lanka to allow the imports and most importantly, pay for the importation of commodities required in the country right now. Few countries have lent hands to Sri Lanka for the current circumstances prevailing. Sri Lanka Imports Sri Lanka is already in debt to other countries and is finding it tough to make imports in the country at the current

March 23, 2022 0Comments 184Views

Turkey’s Textile Industry Impact From The Russian Invasion

Turkey’s textile industry is facing a huge disruption in shipping operations to Russia and Ukraine. The invasion of Russia into Ukraine has caused a significant blockage and an eventual cancellation of services by over $1 billion for Turkey’s textile industry. The textile industry of Turkey is an important part of the Turkish economy, as it contributes about 7% to the GDP of Turkey. Turkey is one of the largest exporters of textiles related commodities, accounting for almost 3-4% of the total exports by all the countries globally. Robust Turkey’s Textile Industry Turkey is the world’s largest exporter of textiles and related products, following China as the main exporter of apparel and other textile products. Turkey’s textile industry accounted for $8.2

March 14, 2022 0Comments 211Views

UK To Cut Off The Trade From Canada For Hormone-Treated Beef

In the early trade negotiations to be conducted between both the regions, the UK is stringent on maintaining its food safety and animal welfare standards. The UK imports about 35% of beef and veal combined annually. Out of approximately 1.5 million tonnes of beef each year, Canada exports around 45% of its produced beef and cattle production. Canada has urged the UK to lift the hormone-treated beef imports ban. UK’s department for international trade said in a statement recently that Canada cultivates a highly hormone-induced beef. As per the UK’s high food safety standards and animal welfare, trade negotiations with other countries must comply with the UK’s import regulations. Is UK A Beef Importer or an Exporter? According to the

Ukraine Clean Energy Market Amid Russia-Ukraine War

March 11, 2022 0Comments 180Views

How Ukraine Clean Energy Market Is Valuable To Russia and the EU?

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 the other hand, for the exports of corn, both countries account for around 19% of the global exports. The shortage of commodities is evident in many countries, especially the EU, which accounts for 30-40% of Russian crude oil exports. A big proportion of the market in the EU imports Russian oil to fuel its factories and power plants, fulfilling the energy demand in the region.

March 8, 2022 0Comments 232Views

US LNG Exports To The EU Will Soar Amid Russia-Ukraine War

The United States is one of the largest LNG exporting countries in the world after Qatar and Australia, as per historical trade data and records. However, the USA is emerging out as the biggest LNG exporting country, higher than Qatar and Australia, its two competitors’ countries, for 2022. Or maybe there are more speculations about that? The primary reason for this is the USA’s single biggest market for LNG exports, which is the European Union and its member countries. In 2021, almost 26% of all the US’s LNG exports accounted for the European Union and its member countries, amounting to $6.46 billion. Due to the Russian invasion of Ukraine, US LNG exports have risen significantly higher than before. US LNG

March 4, 2022 0Comments 209Views

Russian Banks Block From SWIFT, Driving Investors To Be Anxious

The Russian invasion of Ukraine has driven different investors worldwide anxious and leaving worried about the potential outcome of actions taken by Western nations on Russia. Three Western countries have come together forming an alliance to sort of punish Russia for the deliberate attack on Ukraine and disturbing the world peace, perhaps. Three Western Nations – The United States of America, Europe, and the United Kingdom come into an alliance to block certain Russian banks from the usage of SWIFT, the secure system to enable cross-border payments in international trade between countries. The impact is going to be huge for Russia if this decision is implemented by the nations that are keen to punish Russia. SWIFT Past Bans In 2012,

February 23, 2022 0Comments 183Views

Mexico Avocado Exports To The USA Been Halted Due To “A Threat”

Mexico is the largest producer of avocados in the world, with a contribution of one-third production of the total avocado production in the world. Michoacán, the city of Mexico, is the only region in the world with the largest production of avocados and accounts for 92% of the whole of Mexico’s avocados production. In terms of Mexico avocado exports, the highest exporting partner for Mexico is the United States of America, accounting for an average share value of 80% among all the exporting partners of Mexico. Recently, an alleged threat to the US’s agriculture inspector caused the restrictions of Mexican avocados into the United States of America. Threat To The Department A threat to an American inspector has resulted in

Philippines Paracetamol Shortage, Pharma Imports Also Increased

February 8, 2022 0Comments 222Views

Philippines Face Tylenol Shortage, Pharma Group Claims Opposite

The Philippines has been going through a minor shortage of a pharmaceutical group of medicine, paracetamol, also known by the trade name of “Tylenol”. The Pharmaceutical and Healthcare Association of the Philippines (PHAP) announced at the beginning of the year 2022 that the country is facing a shortage in the stock of paracetamol medicines. Philippines pharmaceutical imports reached a whooping state of $3.60 billion for the end year of 2021. According to our Philippine import data records, pharmaceutical imports are in the top 10 imports of the Philippines for the year 2021 with an approximate share value of 2.98% in the overall imports of the Philippines. Consumer Demand and Shortage With the emergence of a new coronavirus variant, Omicron in