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Pakistan's Export Surge: Leather Goods and Sports Equipment in 2024

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  In recent years, Pakistan has emerged as a significant player in the global market for leather goods and sports equipment. With exports reaching approximately $30 billion in 2024, the country has showcased its potential and resilience in these sectors. This remarkable achievement is not merely a reflection of increased production capabilities but also highlights the strategic initiatives undertaken by the government and private sector to enhance competitiveness. This blog explores the latest statistics, trends, and factors contributing to this remarkable growth. Overview of Pakistan's Export Landscape Pakistan’s economy has long been reliant on agriculture and textiles; however, the diversification into leather goods and sports equipment has become a focal point for growth. In 2024, the export figures revealed an increase, with leather goods and sports equipment accounting for a substantial of the total exports data. The global demand for high-quality leather products and sports
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Turkey's Trade Landscape in 2024: Exports and Imports Overview

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  As Turkey navigates the complexities of the global economy in 2024, its trade dynamics reveal a robust export sector, projected to reach nearly $250 billion. This impressive figure underscores the country's strategic positioning in various key sectors, particularly textiles and agricultural products. However, Turkey's imports are estimated at around $300 billion, indicating a significant trade deficit that highlights ongoing challenges in balancing its external trade. This division between exports and imports not only reflects Turkey's economic strengths but also exposes vulnerabilities that could impact its growth trajectory. The reliance on imported energy and raw materials emphasizes the need for structural reforms and diversification strategies to enhance domestic production capabilities. As global markets evolve, Turkey must leverage its competitive advantages while addressing these challenges to ensure sustainable economic growth and resilience in the face of extern
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India's Agrochemical Exports Poised to Surge: A $10 Billion Opportunity Awaits

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  India's agrochemical exports are set to exceed Rs 80,000 crore in the next four years, contingent on a conducive environment, according to the Agro Chem Federation of India (ACFI) and EY. The report reveals that Indian export data shows agrochemical exports reached Rs 43,223 crore in the 2022-23 fiscal year, outpacing domestic consumption. To boost Indian trade data , the report calls for government initiatives like streamlined licensing, improved infrastructure, and incentives for biopesticide production. India's agrochemical industry stands out for its quality and affordability, making it the preferred choice for farmers across 130 countries. However, challenges remain, including heavy reliance on imports and a complex registration process for new molecules. ACFI Chairman Parikshit Mundhra emphasizes that the "Make in India" initiative can transform these challenges into opportunities, enhancing agricultural productivity and positioning India as a global manufa
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UK, "the world's biggest hard liquor"

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  The United Kingdom is the world's biggest exporter of hard liquor. These include whiskies, grape wine, rum, tafia, alcoholic liqueurs, alcoholic preparations, etc. During the financial year 2023, the UK's hard liquor exports were $8.5 billion. As compared to fiscal year 2022, there was a significant decline of 8.8% in the UK's hard liquor exports. As per UK import export data of 2022, the UK exported around $9.3 billion worth of liquors. In 2023, the United States was the biggest importer of hard liquor from the United Kingdom accounting for 18% share of the UK's overall liquor exports. According to the UK export data , over $1.6 billion worth of hard liquor exports were made to the United States during last year. Among the fastest growing markets for UK's liquor exports were France (7%), Singapore (5%) and Germany (4%). Also, there were notable amounts of liquor shipments to Germany, Spain, China and India.     84% of the UK’s hard liquor exports were whiskies w
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Mexico's beer exports hit record $5.2 Bn in 2023

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  Mexico is the biggest market for branded beers. Mexico was the leading exporter of beers across the global market. According to Mexico import export data , in 2023, around $5.2 billion worth of beers were exported by Mexico. Over 6789 shipments of beer were made across Mexico. The highest export value for Mexican beer was recorded in June 2023 with over $623 million worth.  The United States was the top market for Mexican beer. Around 88% of Mexico's overall beer exports went to the United States. Mexico export data shows over $5.1 billion worth of beer exports were recorded in 2023. There were a notable amount of Mexico's beer export shipments to the Dominican Republic, Guatemala, Colombia and Peru. Cervecera De Coahulia, Amazing Wines, and Bacardi were the top beer exporting brands from Mexico.  Heineken USA, Ambev Luxembourg and KHS GMBH were the top beer importing  companies from Mexico responsible for the majority of shipments last year.  Heineken USA, Ambev Luxembourg
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Turkey's tomato exports surge to $535 Million during FY 2023

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  Turkey's tomato exports have been promising during last fiscal year. According to the Turkey export data reports around $545 million worth of tomato exports were made. As compared to the previous year, there was around 43% increase in Turkey's tomato exports. Turkey's tomato exports were to almost 52 countries.  Around 592 thousand tons of tomato shipments were made during fiscal year 2023. European Union countries were the top markets for Turkey's tomato exports. These were Ukraine, Germany, Poland, Romania, Netherlands, Bulgaria, United Kingdom, Russia, Italy, Spain, France, Estonia, etc.  Talya Fresh Agriculture, TekAsya Tarim Anon and Smyrna Greenhouse Tica were the leading tomato export companies from Turkey. Deci Frucht from Romanica, Fresh Point from Poland and Lehmann Troost from Netherlands were among the leading tomato importers from Turkey during FY 2023.  Apart from tomatoes, Turkey's major vegetables include chilli pepper, pomegranate, pumpkins, and
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Malaysia, "the world's biggest supplier of copper powder & platinum clad metals"

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  Malaysia is the largest market for copper powder and platinum clad metals. It is the biggest exporter of copper powder and platinum metals. Malaysia import export data suggests that the country has exported over $864 million worth of copper powder during the financial year 2022. China is the most preferred market for Malaysia's copper powder exports along with Japan, South Korea, Hong Kong, India and Taiwan.  According to Malaysia export data , China was responsible for 85% share in Malaysia's overall copper powder exports. China made over $700 million imports of copper powder from Malaysia. Whereas, Japan and South Korea were responsible for 5% and 4% market share respectively. On the other hand, Copper alloys exports were merely $20 thousand during the financial year 2022. Singapore was the only destination for Malaysia’s copper alloys exports. Whereas, the overall copper exports from Malaysia were totaled to be $3 billion during FY 2022. China and Bangladesh were the two
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