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Vietnam, the world’s third largest exporter of rice, has begun importing rice from India for the first time in decades. This was due to rising local prices of rice, which settled the highest in nine years amid limited domestic prices. Export Genius Vietnam import data of rice shows Vietnam’s rice imports valued USD 672 thousand in 2019. India is the sixth largest supplier of rice to Vietnam.
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As the China-originated Coronavirus has taken millions of lives all over the world and hit global economies hit hard; many countries including India, the United States, and Australia has restricted trade with China. In fact, China’s trade conflict has picked up, due to various developments like border issue with India, rising tariffs with Australia and U.S. and so on.
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Palm oil imports into India declined by 8% in November 2020, the lowest in five months. The edible vegetable oil is used in products like pastry dough and baked goods where solid fat is desirable. Based on Export Genius India trade statistics, the country imported about 618,468 tonnes of palm oil in November 2020, down from 672,363 tonnes in the same month last year. What are the factors behind fall in palm oil imports in India? See a wider picture of India’s palm oil imports from data and insights.
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China has reportedly told coal trades to stop imports from Australia that would choke a major trade channel for both countries. Australia is the top most source of coal for China, which accounted for almost 50% to total coal imports. Based on China import statistics of coal, China imported USD 9.3 billion worth of coal from Australia in 2019. In first six months of 2020, China imported USD 5.75 billion worth of coal from Australia. Let’s see & analyze data on China imports coal from Australia and the world.
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U.S. import prices ticked up by 0.1% in November 2020, after edging down by 0.1% in October. Prices for U.S. exports also rose in November 2020 by 0.6% following advanced of 0.2% in October. According to Export Genius import export data and intelligence reports, higher fuel prices in November and lower non-fuel prices were the major considerations to rise in import prices.
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