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April 9, 2022 0Comments 168Views

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 140Views

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

April 6, 2022 0Comments 171Views

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 29, 2022 0Comments 161Views

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

Exports To Russia Halted By US, UK, and EU

March 21, 2022 0Comments 159Views

US, UK, And EU Ban The Luxury And Other Goods Exports To Russia

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 but invited criticism from countries that are waging a silent but financial war with Russia by halting the trade with sanctions, bans, and a SWIFT system block on Russian banks. Read More: Russian Banks Block From SWIFT, Driving Investors To Be Anxious While Russia is known for the high exports of its oil and natural gas to other countries, a few are talking about the

March 16, 2022 0Comments 167Views

G7 Countries Not To Limit Their Food Exports, Says Ministers

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, the United Kingdom, and the United States. Most of these countries are battling out the suddenly barred trade from Russia and Ukraine, both of which are the top food-related industries. Russia – The Largest Fertiliser Exporter Russia is the top exporter and one of the largest producers of fertilisers in the world. It produces 50 million tons of fertilisers annually and accounts for about 15%

March 14, 2022 0Comments 169Views

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 146Views

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 179Views

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