Russian And Ukrainian Wheat Exports, Global Import-Export Trade Data

 Russia is the largest global wheat exporter, accounting for 18% of worldwide exports, whereas Ukraine is the world's fifth-largest wheat producer, accounting for 8% of world exports. The worldwide wheat supply may be harmed when Russia assaults Ukraine.

As importers look for alternatives, financial sanctions or military intervention might have a big impact on food prices. Let's look at the wheat markets in Russia and Ukraine, as well as the potential impact of Russia's complete invasion of Ukraine on world wheat supplies.

Following the disintegration of the Soviet Union, the Russian government abolished trade restrictions, allowing farmers to enter the global market and invest in agricultural technologies. Russia is now the world's leading wheat exporter, accounting for 18% of global wheat exports. Following Russia are the United States, Canada, and France.

Ukraine is the world's fifth-largest wheat exporter, accounting for 8% of global exports. Following Ukraine are Australia, Argentina, Germany, Kazakhstan, and Poland.

 

Country	Value in USD (%)
Poland	2%
Canada	14%
Russia	18%
Australia	8%
Germany	5%
Kajakshtan	3%
Argentina	5%
United States	14%
Ukraine	8%
France	10%

The Black Sea is an important geoeconomic zone for Russia and Ukraine since agricultural and industrial exports are strongly reliant on the ports. Odesa, Kherson, and Mykolaiv are important international commerce ports for Ukraine.

Wheat and grain movements might be disrupted if there is a conflict, as the Black Sea transports 95 percent of Ukraine's wheat exports in 2020. Importers may look for alternatives because food prices are already high owing to inflation.

Quarterly Wheat Exports from Russia

Russia's wheat exports increased in every quarter of 2020, reaching US$ 4,111 million in the final quarter. Following a drop in wheat exports from Russia in the first quarter of 2021, the value of wheat shipments leaving Russia began to rise in subsequent quarters.

The table below depicts the dollar value of wheat exports from Russia from Q1 2020 to Q4 2021.

Egypt, Turkey, and Bangladesh purchased more than half of Russia's wheat, according to our database. Egypt is the world's largest wheat importer. Wheat is imported from both Russia and Ukraine.

Egypt spends about $4 billion every year to feed its population of over 100 million people. Turkey also buys a lot of wheat from Russia and Ukraine.

Russia’s Top Ten Wheat Export Partners 2021

Based on Russia Customs Import-Export Trade Data and statistics, Sudan (4%), Turkey (21%), United Arab Emirates (2%), Pakistan (4%), Egypt (23%), Bangladesh (5%), Tanzania (2%), Yemen (2%), Azerbaijan (4%), and Nigeria (3%) were Russia’s top 10 wheat export partners in 2021.

 

Country	Value in USD ($)	Year
Bangladesh	$408 Million	2021
Egypt	$1,796 Million	2021
Turkey	$1,686 Million	2021
Yemen	$174 Million	2021
United Arab Emirates	$146 Million	2021
Tanzania	$154 Million	2021
Nigeria	$207 Million	2021
Pakistan	$277 Million	2021
Sudan	$282 Million	2021
Azerbaijan	$284 Million	2021

 Ukraine’s Top Ten Wheat Export Partners

As per Ukraine’s import-export trade data, Indonesia (15%), Morocco (6%), Philippines (3%), Bangladesh (8%), Egypt (17%), Yemen (4%), Pakistan (7%), Tunisia (5%), Lebanon (4%), and Turkey (6%) were Ukraine’s top 10 wheat export partners in 2021.

 

Country	Value in USD ($)	Year
Lebanon	$133 Million	2021
Philippines	$118 Million	2021
Egypt	$610 Million	2021
Pakistan	$258 Million	2021
Tunisia	$194 Million	2021
Morocco	$196 Million	2021
Indonesia	$543 Million	2021
Yemen	$144 Million	2021
Bangladesh	$294 Million	2021
Turkey	$208 Million	2021

Wheat is the world's second-most-produced grain, behind maize. It has been farmed by humans for ages and is used to make bread, pasta, and other packaged foods.

Other commodities, including edible oils, petroleum crude oil, metals, chemicals, and machinery, may potentially be harmed as a result of Russia's ongoing military campaign on Ukraine.

 

For more infovisit site:https://eximtradedata.com

India's Annual Exports Reach An All-Time High Of $335 Billion In Only Ten Months

 According to India Import-Export Data and provisional figures issued by the Ministry of Commerce on Wednesday, February 2, 2022, India's goods exports increased by 23.69 percent to USD 34.06 billion in January, owing to strong performance in engineering, petroleum, and gems and jewelry.

India export data shows that India’s exports increased by 46.53 percent to USD 335.44 billion from April to January 2021-22, compared to USD 228.9 billion the previous year and USD 264.13 billion in 2019-20.

This is India's greatest yearly export total ever, and it was reached in just ten months this year, totaling roughly USD 336 billion.

Exports of engineering products increased by 24.13 percent

Engineering exports increased by 24.13 percent to $9.2 billion, petroleum exports increased by 74.73 percent to $3.73 billion, and gems and jewelry exports increased by 13.83 percent to $3.23 billion. In January, pharmaceutical exports were USD 2.05 billion based on India customs export trade data.

In January, non-petroleum exports increased to $30.33 billion

Data of India exports suggests that non-petroleum exports totaled USD 30.33 billion in January 2022, an increase of 19.4 percent over non-petroleum exports of USD 25.4 billion in January 2021, and Non-petroleum exports of USD 22.67 billion in January 2020 increased by 33.81 percent.

Non-petroleum exports were USD 287.84 billion in 2021-22 (April-January), a 37.59 percent raise over USD 209.19 billion in 2020-21, and a 25.8% increase over USD 228.8 billion in 2019-20.

Non-petroleum and non-gems and jewelry exports totaled USD 27.09 billion in January 2022, an increase of 20.1 percent over non-petroleum and non-gems and jewelry exports of USD 22.56 billion in January 2021 and a 36.92 percent increase over non-petroleum and non-gems and jewelry exports of USD 19.79 billion in January 2020.

The top five biggest export commodity categories in 2022 are:

● Engineering goods – $9.201 billion

● Petroleum products – $3.732 billion

● Gems and Jewelry – $3.236 billion

● Organic and Inorganic chemicals – $2.447 billion

● Drugs and Pharmaceuticals – $2.054 billion

What are the top export trading partner countries of India?

United Arab Emirates, United States, Netherlands, Australia, China, Nepal, Hong Kong, Germany, Singapore, and Saudi Arabia were the major export partner countries of India in 2021 according to India export data.

India exports by country	Value in INR	Year Reference
China	Rs 115.08 Billion	December 2021
United States	Rs 513.70 Billion	December 2021
Netherlands	Rs 90.43 Billion	December 2021
Australia	Rs 75.38 Billion	December 2021
United Arab Emirates	Rs 195.67 Billion	December 2021
Germany	Rs 69.34 Billion	December 2021
Singapore	Rs 65.83 Billion	December 2021
Hong Kong	Rs 67.70 Billion	December 2021
Nepal	Rs 73.99 Billion	December 2021
Saudi Arabia	Rs 66.30 Billion	December 2021

India’s Trade Statistics of 2022

Stats Related	Value in USD ($)	Year Reference
Total Exports	$33.81 Billion	February 2022
Total Imports	$55.01 Billion	February 2022
Trade Balance	$-21.19 Billion	February 2022
Current Account	$-9600 Million	February 2022

To get the latest updates on India’s Global Import And Export or to buy India customs import-export trade data, you can connect to us at Exim Trade Data as Exim offers top-notch, updated, real-time insights into the global and Indian trade markets.

The data allowed you to track the performance of your services and products as well as help you evaluate the overall demand for your products in the foreign trade markets.

 India import-export trade data also assists businesses, traders, and manufacturers to locate and find new potential buyers and suppliers for their trade business in the overseas markets.

Vietnam's export opportunities in 2022

 The epidemic has caused countless changes in almost every element of our existence. Despite the fact that our world is slowly returning to normalcy, the disruption has left many Vietnamese Exporters unsure of profitable items to export and how to build their online business in 2022.

This article looks at Vietnam's export prospects in 2022. We also go through the upcoming Regional Comprehensive Economic Partnership (RCEP), which is slated to go into force in January 2022, and the myriad opportunities it will provide for you as a seller in Vietnam.

Overview of Vietnam's exports in 2021 and prediction for 2022

The economy of Vietnam was hampered by a spike of the COVID-19 Delta version, which posed a threat to the country's stability. COVID-19's spoils caused the GDP to decline 6.17 percent in the third quarter of the year, the greatest shortfalls since the government started tracking the numbers.

Prior to the outbreak of COVID-19, the Vietnamese economy prospered because of a competitive minimum wage and low-cost utilities, which boosted foreign direct investment in the industrial sector. The epidemic hit the economy hard, but Premier Pham Minh Chinh spoke about the economy's growth prospects for next year, predicting a 6 percent to 6.5 percent increase in GDP.

Vietnam's export possibilities in 2022

Exporting to Vietnam has a number of advantages. Due to Vietnam's simplicity of registration, seamless legal entity, and flexible licensing permit criteria, you may be able to increase your profit as a vendor.

We look at four export prospects that have arisen as a result of Vietnam's export-friendly policies:

The setup is simple

You do not need to obtain separate export and import permits to trade as an eCommerce merchant interested in exporting items from Vietnam. If you wish to engage in the distribution of goods outside of Vietnam, all you need to do is set up a trading firm.

In comparison to other nations, this is a very cost-effective business setup because there are no minimum capital requirements. Find the proper items, sign up for an eCommerce site, and start making money.

Exemptions from export taxes

Unlike goods and services imported into Vietnam, most products and services exported from Vietnam are tax-free. Some commodities, however, are subject to export charges ranging from 0% to 45 percent. Natural resources, such as forest products, scrap metals, and minerals, make up the majority of these.

 Free Trade of Agreements (FTAs)

Vietnam is a member of ASEAN and has signed many Free Trade Agreements (FTAs) with major economies across the world. The newly enacted Regional Comprehensive Economic Partnership, on the other hand, is a mouth-watering arrangement that will leave many eCommerce retailers licking their lips with enhanced revenues. By January 1, 2022, the RCEP will be completely implemented. 2 This indicates that Vietnam has made progress in lowering trade barriers through improving market access for exporting commodities.

With 2.3 billion individuals actively participating, the RCEP claims a worldwide market size of $26.2 trillion in production. 3 According to the World Bank, nations participating in the RCEP will see a 1.5 percent boost in their gross domestic product (GDP).

The accord will usher in a new era in the global economy, with tariffs on exports being abolished to the tune of up to 90%. As a seller eager to explore eCommerce potential in Vietnam, you may be comfortable that you will optimize your revenue in 2022, knowing that you will only be parting with 10% or less of your earnings.

So, if you want to make the most money in 2022, you should try exporting textiles. Many industries, including electronics and consumer goods, textiles, agricultural, and fisheries products, are expected to benefit the most from the RCEP. 

Priority clearance through customs

Whether you're a large corporation or a small business looking to expand internationally, you may benefit from priority treatment. The priority tailored treatment program entitles you to a variety of advantages. Exemption from physical examination of items, the ability to submit incomplete customer declarations, and priority access to completing tax formalities are only a few examples.

Please note that after registering an incomplete customs statement or documentary proof in lieu of a customs declaration, you will be expected to submit the entire customs declaration within 30 days.

Priority custom treatment provides you a head start; as a result, you may begin conducting transactions even before you finish your custom paperwork when you apply for priority custom treatment.

In 2022, there will be five primary areas that will gain from Vietnam's product exports.

It might be difficult to pick which products to export, especially with the latest RCEP reforms. You must do thorough market research and make accurate forecasts about trending items. We realize how daunting this may be, which is why we've spent months studying the best items to offer as an exporter in Vietnam in 2022.

Mobile accessories and electronic components

In March 20214, the electronic sector earned a staggering $10 billion, making it Vietnam's top-performing export industry at the moment. This is equivalent to 21% of the whole cargo. The electronic industry is expected to continue to lead the way in 2022, thanks to the RCEP and Vietnam's continued interest in high-tech products.

Textiles

In 2021, the textile sector will account for 12% of Vietnam's total exports. In March 2025, that corresponds to about $2.5 million in income. We expect 2022 to follow suit, as Vietnam's key trading partners demand more sustainable clothing from the textile sector.

Products derived from agriculture and fishing

Vietnam is still a key agricultural and fisheries powerhouse in the world. The agriculture and fishing industry is predicted to grow to 6 million tonnes by 2026, according to research. 6 Global demand for Vietnam's aquaculture goods is driving the expansion in production.

Electronics and computers

By 2022, Vietnam will produce and export more computers and electrical goods than it does electronic components. It now makes up 7% of overall shipments.

With all FTAs, including the Regional Comprehensive Economic Partnership, about to go into full force in the coming weeks, 2022 will be the most important year for exporters. Companies, SMEs, and individual exporters have put in place all of the necessary measures to maximize income while paying lower export charges. As a savvy entrepreneur and exporter, now is the time to get a competitive advantage over your competitors by joining an eCommerce platform that offers all of the tools you'll need to succeed.

Connect with us at Exim Trade Data if your objective is to attain financial freedom in 2022 by taking your exporting business worldwide with tools and a ready-made audience for your products. We provide global trade data services and solutions that help you transform your products and services into brands and gain popularity among top brands and your potential competitors in the international import-export trade markets.