Logistics is widely known as the process of coordinating and moving goods such as food, equipment, liquids, materials, and inventory from one location to the storage of the desired destination. It is the management of the flow of goods from one point of origin to the point of destination to meet the requirements of customers. […]
Key Highlights Global trade is showing a sign of recovery in 2023 driven by the strength of the EU’s imports and exports. EU’s trade in 2022 was USD 15,587 billion, an increase from USD 13,994 reported a year earlier. The trade of countries worldwide has also increased from USD 44,586 billion in 2021 to USD […]
3 Years of Brexit… It’s been three years since the United Kingdom and the European Union formally implemented Brexit. Two years since the UK completely withdrew itself from the EU. With that, the UK also let go of some benefits it had while in the group. The imports and exports of the UK have gone […]
The EU has been progressing towards creating a transition from the traditional usage of fossil fuels to alternative and clean energy. The efforts come, especially from the aftermath of the Russia-Ukraine crisis that started in February 2022. Imports for clean and alternative energy in the EU were registered to be slightly higher than exports. A […]
EU levies to reduce emissions in order to meet the target of cutting carbon emissions. The European Union’s “Fit For 55” package consists of legislative proposals focusing on reducing carbon emissions by 2030. The new regulatory framework for reducing emissions in the EU has been proposed by its parliament. It suggests that changes are required […]
EU-Indonesia to develop ties this year, so much so that the EU imports from Indonesia have surged by a value difference of about $3 billion. The EU is likely to import much higher than Indonesia’s import in the near time, as per the analysis of trade data of both countries. The imports of the EU […]
Key Points EU leaders say they will block Russian oil imports arriving by sea by the end of 2022. EU has also committed to reducing gas imports from Russia by two-thirds within a year. About half of Russia’s crude oil exports went to Europe in 2021. The Netherlands was the biggest importer of Russian oil […]
The EU nitrogen trade was US$294 million in 2021, an increase from the previous year. This dollar amount reflects the total imports and exports of nitrogen. In 2020, the European Union countries traded US$230 million worth of nitrogen. Germany appeared to be the country with the highest level of market value in 2021, comprising about […]
The apparel industry is in a boom this year and this is evident from the global trade data 2021. The exports of apparel from the EU have increased in 2021 as compared to the values of 2020. EU knitted or crocheted apparel exports and not-knitted or crocheted apparel exports, both reached growing positions in 2021. […]
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 […]
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