Import Globals

Japan, an island nation in Asia, located alongside the northwestern coast of the Pacific Ocean, with its borders surrounded by China, Russia, and Taiwan in the west, north, and southeast, has emerged as the leading exporter of vehicles in the international trade market. Japan Import Data says, the weakening of the Japanese yen to around 160 US dollars in mid-2024 and the strong global demand of vehicles driven specifically by the United States, European Union, and China with a share of 18%, 15%, and 4.5% has made Japan introduce more of its domestic productions in the international trade for a thriving export revenue rate. The accelerated shipments in the United States ahead of a 25% tariff on imported vehicles and the hike in export of Japanese-used cars by 2% in mid-2024 have resulted in an export trade value of vehicles worth 167 billion US dollars in 2024. The increasing export of Japanese vehicle brands manufactured in India back to Japan, like the Maruti Suzuki Front and Honda W...

Germany, based in Central Europe, sharing borders with Denmark, Poland, Austria, and France in the north, east, south, and west directions, with coastlines alongside the North Sea and Baltic Sea, has emerged as the topmost exporter of plastics in the international trade market. Germany Import Data says the nation is one of the largest economies in the European Union and also the biggest exporters of top-demanded essentials in the world. The export of plastic has been a supporting structure towards the entire economic growth of Germany, as the country has recorded itself as the largest plastic producer of the European Union, with a supply rate of over 100 billion EUR annually. Around 13 million tonnes of plastic are being produced each year, accounting for 22% of the plastic output of the European Union. The automotive engineering plastics expansion, as the industrial machinery has boosted the export of engineering plastics, due to the increase in the usage of plastic compounds for lig...

Denmark, a Nordic country in Northern Europe, with a population of 6 million and a high-income mixed economy, has recorded itself as the leading exporter of pharmaceuticals in the international trade market. The country sharing borders with Norway, Germany, and Sweden in the north-south and east directions has been thriving globally with its diversification of production capacity as per the global demand. The massive global traction has skyrocketed the pharmaceutical exports, enabling increased output and higher exports. Denmark Import Data says that the Danish economy ministry, specifically for supporting the pharmaceutical production and exports sector, has announced that it will continue to expand its export capacity through a strategic expansion in the service sector. The Danish economy ministry has accounted for a massive expansion of the healthcare industry production. The increase in the sector labor productivity since 2005 and the life science cluster in Medicom Valley have en...

Belgium, located in Eastern Europe sharing borders with France, Luxembourg, Germany, and the Netherlands in the southwest, southeast, east, and north directions, has gradually increased its ranking as a leading exporter of pharmaceutical essentials in the global trade market. The overall surge in the Pharma exports of the European Union by a rate of 13.5% is representative of the increasing contribution of Belgium towards the revenue rate. Belgium Import Data says that the abundance of vaccine production in the industrial sectors and other essentials has recorded the region as a center for global pharmaceutical companies like Pfizer, GSK, and Novartis. The globally thriving production infrastructure and the robust R&D and Attractive innovation policies with world-class logistics and transit infrastructure have led to an export trade value of Pharmaceutical products worth 96 billion US dollars. The universities and hospitals of the country have been organizing different trials in m...

South Korea, located on the eastern coast of Asia, sharing borders with the Yellow Sea and the Sea of Japan in the west and east directions, has emerged as a leading exporter of inorganic chemicals in the international trade market. The country, surrounded by China and Japan to the west and southeast, has seen a rebound in petrochemical production and an increase in export capacity, recording a growth rate of 2.2% in inorganic chemicals exports in 2024. South Korea export data says, the high-value chemical material development, specifically for semiconductors, batteries, and other tech-critical sectors, has initiated the public-private collaboration, fueling the overall export revenue of inorganic chemical exports. The government-led chemical industry expansion process and the geopolitical shift in supply chain diversification, accompanied by the large-scale chemical production projects operated at different locations across the residential region, have led to a wide export of specific...

Ethiopia in the Horn of Africa has recorded itself as the leading importer of fertilizers in the international trade market. The growing demand for agro-industry essentials and the limited production capacity of the industrial sectors regarding the production rate has resulted in a crucial reliance on foreign-imported goods. Ethiopia Export Data says that the strategic procurement, expansion, and multi-year contracts, and the improved supply chain and logistics via the Djibouti route have improved the trade over the prior seasons. The rising domestic demand, driven by agricultural reforms, has sharply increased the fertilizer need. The currency swap agreement with the United Arab Emirates and the improved FX liquidity has resulted in an import trade valuation of fertilizers worth 1.5 billion US dollars in 2024. The fertilizer subsidies increased by the government authorities have maintained affordability for the farmers associated with it. Subscribe to Import Globals, the leading impo...

Bangladesh based in South Asia, sharing borders with India, Myanmar, and the Bay of Bengal in the west, south-east, and south direction, has recorded a gradual increase in the fertilizer imports of the nation. Bangladesh Export Data says that the state-run fertilizer sector of the region, operating multiple Urea, DAP, and TSP plants, has experienced a reduced output. The inefficient maintenance and aging machinery have led to a heavy reliance on imports. Government warehouses have held 1.8 million tons in stock, which is less than the estimated total national fertilizer demand of 6.9 million tons. It has increased the demand for fertilizer in the consumer base. The rising global prices and subsidy pressure, accompanied by the government procurement directives and international funding, have been the pivotal ones. The frequent dollar shortages and the delayed letters of credit with the timely imports by private suppliers have led the government to step in with emergency purchases. The ...

Kenya, located in East Africa, sharing borders with Ethiopia, Somalia, and Uganda in the north-east and west direction, with its thriving production industry, has recorded itself as the leading exporter of leather products in the global industrial trade. The country’s location in the East African region has made it a strategic gateway of trade in East and Central Africa, with efficient ports, including the port of Mombasa, serving as a major entry and exit point. Kenya Import Data says that the government-led reforms and value-addition agenda, focused on upgrading training leather technicians and expansion of processing infrastructure across key countries, accompanied by rapid production growth in finished products and new industrial infrastructure, has been positive for the country. The policy reforms and trade production, with the capacity-building and cluster development and the international collaboration and investment, have resulted in an export trade value of leather products w...

Brazil located in South America and sharing borders with countries like Argentina, Bolivia, Colombia, and Paraguay, has recorded itself as a top exporter of corn in the international trade market. The country, having a coastline alongside the Atlantic Ocean, has continued its thriving global ranking via the efficient productivity of the industrial sectors. Brazil Import Data says that the corn export of Brazil alone has accounted for 80% of the national corn production. Meanwhile, the comprehensive prices driven by currency depreciation and the expanded export infrastructure, with the global market shifts and market access, have facilitated the overall revenue rate of the Brazilian export economy. The continuous expansion of planting area and yields, specifically in the Cerrado region, with the improved logistics and demand diversification, has resulted in an export trade value of corn worth 11 billion US dollars in 2024. Import Globals, a leading import-export data provider, helps yo...