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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

  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

  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

  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

  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

  Cannabis is a kind of drug most popularly known as marijuana that is used for medicinal and recreational drugs. In some countries, the illegal use of cannabis is restricted. Although, due to its health and medicinal benefits, it is widely used and exported globally. The global cannabis market is estimated to be $13.5 billion. The United Kingdom is the major medical cannabis producer and exporter globally and has recorded a high amount of shipments. The United Kingdom is likely to become the second largest cannabis market among the European countries. Along with Germany, the United Kingdom is receiving more demand from medical cannabis which includes flowers and extracts. The UK covers over 73% of the global cannabis market production. As the medical cannabis production from the Uk was totaled to be 487 tonnes. The United Kingdom is the biggest medical cannabis exporter. The UK’s cannabis exports prospered due to the high quality standard and competitive pricing. The UK export data s

  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

  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 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

  Pakistan exports have seen a significant improvement in this financial year 2023. Pakistan customs data shows that Pakistan's total exports were recorded to be $2.4 billion during August 2023. During July 2023, the exports were $2 billion. Pakistan’s overall exports are around $28 billion in FY 2023. There was a growth of 22% reflected in the exports of Pakistan. The Knitwear items were the top export commodity from Pakistan. Textiles account for over 60% share in the country’s overall exports.     Pakistan's total knitwear exports were recorded to be $1.2 billion during last month. Earlier in July 2023, it fell by 11% to $1.2 billion. In May 2023, the textiles sales were around $1.4 billion. Whereas other important commodities like cotton cloth, bedwear, readymade garments and towels sales also declined to a significant amount.  As per Pakistan import export data , cotton cloth exports fell by 22% to $138 million. Bedwear, readymade garments and towels items reduced to $218