Stay updated with the Global Import and Export Industry with Well Formulated Information
USA import data 2021 shows the top imports for diamonds and related products under the Heading 7102. While import data of USA 2021 shows the high imports for diamonds, USA import data 2020 shows the highest imports in the country for pharmaceuticals. This was due to the still ongoing pandemic because of the Coronavirus.
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Food processing industry is one of the largest industries in India in terms of production, consumption, growth and export. India’s food processing sector covers spices, fruit & vegetables, milk & milk products, meat & poultry, fisheries, alcoholic beverages, grain processing and other consumer product groups like high protein foods, mineral water, chocolates, confectionery, etc. Major processed food products exported from India include oil meals, alcoholic beverages, milled products, cereals
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Coal is a combustible black or brownish-black sedimentary rock. It is formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements including nitrogen, oxygen, sulphur and hydrogen. In terms of global trade, Australia is the top-most exporter of coal, with market share of 39.5% recorded in 2020. China is net coal importer, which shared 17.3% to total imports, while India is 3rd largest importer of coal with share of 16.7%.
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India is known as the home of spices as it has long history of trading with the ancient civilizations of Rome and China. Today, Indian spices are the most sought-after in the world, given their texture, taste, aroma and medicinal value. India produces about 109 varieties of spices listed by the International Organization of standardization and export them around the world. That is why Indian spices are great in demand globally and countries like China import Indian spices extensively.
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India is the largest consumer of tea, especially black tea. As per import export data 2020, it is also the biggest distributor with 8.8% share value among top exporting countries for tea in the world. However, recent reports suggest that tea exports from India declined way more than 2020. The coronavirus-induced economy has resulted in several commodities’ low production and imbalance mechanisms of the Indian economy. This has impacted exports of India’s tea along with other significant reasons.
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