Posts

Showing posts from October, 2023

Egypt, "A major energy supplier to Europe"

Image
  Egypt is the 12th biggest exporter of Liquified natural gas. According to the Egypt import export data reports, around 8.9 billion cubic metres of LNG exports took place from Egypt during the financial year 2022. As compared to the previous year exports, there was steady growth in Egypt's LNG exports. Whereas, in FY 2019, around 4.7 bcm of LNG exports took place.  The lowest volume for Egypt’s LNG exports was recorded in FY 2018, 2 bcm. Turkey is the leading importer of natural gas from Egypt with over 22% share. Egypt export data shows that around 2.2 bcm of liquified natural gas were imported by Turkey from Egypt. European countries were among the top markets for Egypt’s LNG exports. Spain and France were the top LNG importers from Turkey. Spain and France were reported for over 1.4 bcm of LNG imports from Egypt during FY 2022. Italy was responsible for over 0.5 bcm of LNG imports from Egypt. Whereas, other European countries were responsible for over 1.2 bcm during last year

Vietnam optimistic about the positive growth in furniture exports to Europe

Image
  Vietnam's wooden products exports are continuously emerging in the global market. Vietnam's furniture exports are continuously increasing at an annual rate of 10%. Vietnam customs data reports show that around $16 billion of wooden products exports were recorded during fiscal year 2022. From $12 billion exports in FY 2020 to $14 billion exports in FY 2021, Vietnam has done significantly well in the forest products exports sector. European Union countries are the biggest market for Vietnam's wooden products exports, accounting for over 90% export share. After the EU, other major markets for Vietnam's wooden products exports are the United States, Japan, South Korea and China.  Although, Vietnam 's wooden products exports during the first eight months of FY 2023. Vietnam is working on reviving its wooden products exports this year. According to Vietnam import export data , the United Kingdom which is the biggest market for Vietnam's wooden products exports have

India's automobile industry roadway to reach $1 trillion exports by 2030

Image
  India's automotive sector is continuously booming.  The demand for Indian vehicles has seen significant growth. The Indian EV sector has drawn many buyers from the global market. In the short time, Indian EV products have gained immense popularity. The high quality vehicles, low cost and more durability has generated more interest for Indian EV products. According to the India import export data reports, Indian EV exports had shown a growth of 241% this year. In the fiscal year 2022, the EV exports from India totaled to be $7.98 billion. Whereas, this year, the EV exports from India had shown record growth of $21.3 billion. The market trends depict the increased demand from Nepal and European countries. India export data suggest that Nepal, France and Germany were among the top importers of Indian Electric vehicles. From January to June 2023, Nepal had imported over $3 billion worth of electric cars from India. The total electric cars shipments from India to Nepal are estimated

India eye's whiskey exports to Australian market

Image
  India is looking to tap the global whiskey market. In the wake of that, India is likely to raise its whiskey exports to Australia. India has recently joined the Mutual recognition agreement with Australia. This will benefit India to trade goods freely to Australia. According to India customs data , India has exported over $135 thousand worth of whisky to Australia in the last fiscal year. In comparison to $482 million exports in FY 2022, India’s whiskey exports to Australia have declined significantly.  Australia imported the maximum amount of whiskey during January 2023. During June 2023, Australia imported $37 thousand worth of whiskey from India. Radico Khaitan was the leading whiskey exporter company from India with exports worth $82 thousand this year. As per India export data reports, India had exported over $17 million worth of whiskey exports during the current fiscal year. India’s whiskey exports increased significantly as compared to FY 2022. As, it was $3.5 million that y