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May 08

Exim Code Code 7602 Scrap Waste top export and importing country worldwide

Exim code 7602 refers to scrap and waste of aluminum, which is widely traded around the world. The export and import of this commodity have become a crucial part of the global economy, as it is used in various industries such as construction, transportation, and packaging. The top export and importing countries of scrap waste under Exim code 7602. Top Exporting Countries of Scrap Waste (Exim Code 7602): Top Importing Countries of Scrap Waste (Exim Code 7602): Conclusion: The export Read Full Details…

May 07

Top 10 Countries Importing Exim Code 38 Agro Chemicals from India

India is one of the world’s leading producers and exporters of Agrochemicals, offering a wide range of high-quality products to markets around the world. The country has been able to leverage its advanced manufacturing capabilities and expertise to establish itself as a significant player in the global agrochemical industry. One of the most in-demand categories of Agrochemicals from India is Exim Code 38, which covers various types of fertilizers and pesticides. The top 10 countries importing Exim Code 38 agrochemicals Read Full Details…

Trustworthy India Trade Partner Countries and Export Opportunities for Indian Exporters

Apr 14

Trustworthy India Top Trade Partner Countries and Export Opportunities for Indian Exporters

India is one of the world’s fastest-growing economies and a leading exporter of a wide range of goods and services. With a population of over 1.3 billion people and a rapidly expanding middle class, the country offers a large and lucrative market for businesses around the world. At the same time, India is also an important exporter, shipping products ranging from textiles and agricultural goods to high-tech electronics and pharmaceuticals to countries around the globe. Trustworthy India Trade Partner Countries Read Full Details…

Apr 07

The Largest Trading Partners of the U.S.

The United States is the world’s biggest goods importer making it a powerhouse in the global movement of goods. With so many imports, it goes without saying that the country has a significant goods deficit with many of its trading partners. The deficit with China, for example, is $383 billion. Meanwhile, the total goods trade deficit is nearly $1.2 trillion and it increased by 9% in 2022. Given that the country has trade relations with more than 200 countries, regions, and territories, this network of relationships Read Full Details…

Mar 12

Global Plastic Waste Export Import Business Opportunities

The issue of plastic waste has become a global environmental problem that requires urgent attention. Millions of tons of plastic waste are generated every year, and a significant portion of this waste ends up in our oceans and landfills, polluting the environment and harming wildlife. In response, many countries are seeking solutions to manage and reduce plastic waste, creating new business opportunities in the process. One of the ways in which countries are tackling plastic waste is through export and Read Full Details…

Mar 12

US’ cotton product imports in 2022 drop post last year’s high: USDA

US cotton product imports in the calendar year 2022 were down after reaching the highest level in a decade (measured in square meters equivalent). Cotton product imports in 2022 were a record $57.0 billion, nearly $8.0 billion higher than the previous year as per the International Trade Administration’s Office of Textile and Apparels (OTEXA). Despite lower import volumes, a higher value was attributed to greater unit values and US consumers’ sustained demand for goods.Robust levels of consumer discretionary income, low Read Full Details…

Mar 06

Global Wildlife Trade Agreement Marks 50th Anniversary

50 Groups Call for Renewed Ambition at CITES to Halt Biodiversity Loss WASHINGTON— Fifty organizations from around the world are urging an ambitious response to the extinction crisis as the Convention on International Trade in Endangered Species turns 50 years old on Friday. Known as CITES, the treaty was approved by nations in Washington, D.C., on March 3, 1973. The convention regulates the global wildlife trade and is best known for the commercial ivory ban instituted in 1990 in response Read Full Details…

Mar 04

Global Long-Term Container Rates Arrest Decline In February, Buoyed By Surge In US Export Rates

After the record-breaking falls of January, global long-term ocean freight rates held up surprisingly well in February, boosted by “a special month” for US exports. According to the latest data from the Xeneta Shipping Index (XSI®), average long-term contracted rates dropped by just 1% across the month, following on from a 13.3% month-on-month collapse in January. Despite the relatively strong performance, seen against a backdrop of weak fundamentals, Xeneta notes that this is the now the sixth consecutive month of Read Full Details…

Mar 03

Brazil reinstates ethanol import tariff making US product even less viable

Brazil’s Foreign Trade Chamber (Camex) has reinstated the original 18% import tariff for ethanol by means of letting the current 0% import tariff expire as of Feb. 1. The current 0% import tariff was put in place on Mar. 22, 2022 by former President Jair Bolsonaro to help fight rising inflation in Brazil. The 18% import tax will protect Brazilian ethanol producers, especially those located in the North-Northeast regions of Brazil by reducing competitively priced ethanol imported from abroad, according Read Full Details…

Mar 02

US methanol trade flow shifts to exports

US methanol trade flows shifted in 2022, making the US into a predominantly methanol-exporting nation. The US exported 3.3mn metric tonnes (t) of methanol in 2022 versus 1.5mn t of imports, according to the latest data from Global Trade Tracker. In 2021, the balance was 2.3mn t of exports against 2.3mn t of imports. In 2017, the US imported 2.6mn t of methanol and exported 1.2mn t. High natural gas production and low methanol costs caused this shift in the Read Full Details…