Stay updated with the Global Import and Export Industry with Well Formulated Information
Agricultural industry plays vital role in the commercialization of the country. It is versatile in exporting agricultural cultivated supplies. Owing to the reduction in corn production in Argentina, Asia’s feed millers are purchasing corn from India. Argentina is presently facing the huge drought in 60 years and the suffering of insufficiency is going on since 2019.
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India’s tire industry is booming this year due to increased demand for the commodity. The demand for tires manufactured endogenously in India has risen to a level that surpassed the previous year's values. Though the trends and statistics reveal a little fluctuation in the export values, the demand stands robust and is likely to continue to keep growing. Let’s take a look at India’s trade data 2022 to understand better the current status of the export markets for Indian tires.
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Indonesia will impose a bauxite export ban starting from June 2023. Also, the country has put tight controls on shoe imports. The ban will help Indonesia to store up the domestic processing of its mineral resources. Indonesia has also tightened customs checks at small ports to crack down on the illegal import of second-hand shoes. How this will impact the copper, aluminium and footwear market? Here is a complete picture of Indonesia’s exports of bauxite, copper & aluminium and imports of shoes.
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Vietnam is among the top coffee-producing countries in the world. After Brazil as the top producer of coffee, Vietnam’s coffee production ranks second-highest in the world, with a contribution to about 20% of the global coffee market. However, the year 2023 is proving to be a tough year for Vietnamese coffee exporters facing losses. Despite high export volumes, falling coffee prices are contributing to the falling revenue for Vietnamese coffee exporters.
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The trade between India and China reached USD 142,594 million (exports to China: USD 15,743 million and imports from China: USD 126,851 million) in 2022, an increase from USD 117,387 million (exports to China: USD 20,982 million and imports from China: USD 96,405 million) reported in 2021. According to our report, India-China trade is forecasted to go down and be USD 139,442 million in 2023.
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