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India Trade

India’s Crude Oil Imports Drop 16% But Import Dependency Rise in FY24

India’s crude oil imports dropped about 15% in the fiscal year 2023-24 but the dependency on overseas suppliers increased to a new high. India was the world’s third largest crude oil importing country in 2020 and second-biggest importer of crude oil. India imported 232.5 million tonnes of crude oil in 2023-24, which is refined into fuels like petrol and diesel. However, it paid USD 157.1 billion for the imports in FY24 as against USD 207.1 billion bill in 2022-23.
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Global Trade Data

Iran-Israel Conflict and Global Trade Impact – Explained

Iran launched hundreds of drones and missiles towards Israel in response to the Israeli attack on its consulate in Damascus, Syria. Israel, along with the help of the United Kingdom (UK), the United States (US), and France, amongst potential others, reportedly took down 97% of all projectiles fired towards its territories. How this conflict could impact flows of commodities, particularly crude oil, and LNG? Will supplies from Middle East to Asia hit?
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India Trade

India’s Seafood Exports Will Increase to $12 Billion by 2025

India, the one of key players in the Indo-Pacific Ocean, is renowned for spices and state-of-the-art innovation, eying new emerging markets with rising seafood exports. India has 75,000 km of coastline along with, the Bay of Bengal, the Arabian Sea, and the Indian Ocean, offering vast marine resources.
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US Trade Data

The Baltimore Bridge Collapse – Trade Flow of Key Commodities May Hit

The collapse of the Francis Scott Bridge in Baltimore, after being struck by a container ship early March 26, 2024 is likely to disrupt the flow of commodities in the key sectors, namely coal, auto, cobalt, and sugar through the Maryland port. This is a major hub for warehousing and transshipment of commodities on the US East Coast. How much US export coal to the world? How much import traffic of cobalt the US handled in 2023?
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US Trade Data

Why After Six Decades USA’s Agricultural Export Decline & Import Rise?

The USA, one of the world's largest exporters of farm products, is on track to lose the status of net exporter of agricultural commodities to net importer. The US controls almost 20% of the world's export market share of the farm industry. Recently, a report published, claimed that for the first time in 2019, the USA’s import of farm products from the world surpassed the export value. This trend has remained three times out of the last five financial years.
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