Globally, the wood pellet industry has crossed USD 6 billion in exports in 2023. As per the industrial trends, this market is supposed to grow at a speed of 6.2% annually from 2024 to 2030, driven by the shift toward renewable energy. The USA with its superior manufacturing power and suitable climatic conditions is leading […]
Germany, the heart of Europe, is experiencing a slowdown in economic activity in a couple of months. A series of factors, including supply chain disruptions, Geopolitical challenges, and global downturn, are responsible for this weakening demand in May and June. This all together affecting the Germany’s trade performance. Despite these challenges, Germany’s economy remains the […]
Worldwide demand for eco-friendly vehicles is witnessing double-digit growth over the year. This could be observed from traditionally fuelled power to electric run engines. And, opens the door for a billion dollar market for EVs and the business directly or indirectly associated with it. In Western countries, Chinese exporters of zero-emission vehicles have successfully replaced […]
Key Insights Recently, the world’s most advanced trade bloc, G7 held a meeting in Italy, contributing to 41% of the global merchandise trade. During the G7 members have made it clear that they will promote the work of IMEC (India-Middle-East- Economic Corridor), food security, and focus on infrastructure investment. Despite their effort to establish a […]
Global demand and supply for agricultural products and fruits is projected to continue increasing in 2024 due to rising consumption across regions. In terms of trade, the largest gainers in 2023 were rice, and sugar in the agricultural category, and apples, berries, pears, grapes, mangoes, melons, and bananas in the fruit category. This research report […]
India has taken one step forward to expand trade with Central Asian countries by signing a crucial Chabahar Port agreement with Iran for 10 years. The Chabahar Port is located on the Gulf of Oman and is a crucial gateway for Indian commodities to access landlocked Afghanistan and Central Asia. This will be accomplished through […]
Germany’s economy has faced significant challenges in the last two quarters, from technical recession to becoming the old sick man of Europe. Germany has become the world’s 3rd largest economy, despite challenges. Strong economic fundamentals, Govt policies, manufacturing power, strategic trade partners, and other factors, led Germany to register growth and improve its trade performance. […]
China and Russia are likely to discuss the agenda of de-dollarization in BRICS 2024 as both countries have agreed to use local currencies up to $260 billion. To counter the plan of two influential BRICS members in favor of de-dollarization, the United States is playing the sanctions card against China and Russia. What will be […]
The United States of America expressed concerns regarding India’s import regulations for specific information and communications technology (ICT) products such as automatic processing machines, and PCs. This concern arises amidst India’s decision to restrict the influx of such items. So, importers must obtain authorization for certain IT hardware imports. How much does India depend on […]
The Red Sea and Panama Canal crises have taken the world of trade by storm. An unexpected chain of events has caused significant slowdowns in the affairs of trade. This has impacted the import and export trade of most countries dealing in various commodities. The escalating attacks in the Red Sea and climate-induced droughts have […]
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